Radware Q1 Revenue Rises 11% to $79.8M, Cloud ARR Up 23%
Radware posted Q1 2026 revenue of $79.8 million, up 11% year-over-year, driven by a 23% increase in cloud ARR to $98 million. Non-GAAP EPS was $0.30 and cash flow from operations reached $19.9 million, while Americas revenue jumped 40% and EMEA declined 11%.
1. Financial Results Overview
Radware reported first quarter 2026 revenue of $79.8 million, an 11% year-over-year gain. GAAP diluted EPS was $0.14, non-GAAP diluted EPS was $0.30, and cash flow from continuing operations totaled $19.9 million.
2. Regional Performance
Revenue in the Americas reached $38.4 million, rising 40% from $27.4 million a year earlier. EMEA sales fell 11% to $25.1 million, while APAC revenue held steady at $16.3 million.
3. Business Segment Drivers
Cloud security offerings, including API Protection, fueled a 23% increase in ARR to $98 million. On-premises DDoS protection products led by DefensePro X showed strong demand, supporting overall growth.
4. Balance Sheet and FX Impact
As of March 31, 2026, cash, equivalents and marketable securities totaled $433.8 million. An appreciating Israeli shekel had an adverse impact on expenses, with non-GAAP EPS excluding FX at $0.35.