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Radcom (RAM) Q3 2026 Earnings Report

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DE:RAM Q3 2026 EPS Results

Actual EPS
EUR 0.10
Consensus EPS
EUR 0.05
Beat/Miss
Beat by +EUR 0.05
One Year Ago EPS
EUR 0.26

DE:RAM Q3 2026 Revenue Results

Actual Revenue
EUR 12.69M
Expected Revenue
EUR 12.24M
Beat/Miss
Beat by +EUR 455.58K
YoY Revenue Growth
-23.64%

Earnings Announcement Details

Quarter
Q3 2026
Date
11/11/2026
Time
Before Open
Conference Call
Wednesday, November 11, 2026
DE:RAM Upcoming Earnings

Radcom's next earnings date is estimated for February 17, 2027, based on past reporting schedules.

Q3 2026 Earnings Call Audio

DE:RAM Q3 2026 Earnings Call
0:00 / 0:00

Q3 2026 Earnings Slide Deck

Q3 2026 Earnings Call Summary

Q3 2026
Earnings Call Date:Nov 11, 2026|% Change Since:8.47%|
Earnings Call Sentiment|Positive

The call was positive overall. Sequential revenue growth, a return to positive non-GAAP operating income, positive cash flow, a strong cash position, two competitive Tier-1 customer wins, product and AI momentum, and an active pipeline outweighed the year-over-year revenue and profitability declines and the continued timing-related deployment delays.

Company Guidance

RADCOM reaffirmed its revised full year 2026 revenue outlook of $57 million to $63 million, with a midpoint of $60 million, expects to remain profitable on a non-GAAP basis for the full year, and aims to remain free cash flow positive in the second half; it believes it is well positioned to return to double-digit growth in 2027, expects delayed upgrades to come at early Q1 2027, and said it has multiple POCs and field trial across North America and across Europe, at “higher-single digits,” with contract-to-revenue timing of “6 months to a full year,” depending on the scope.

  • Strong Sequential Revenue GrowthThird-quarter revenue was $14.04 million, up 19.4% quarter-over-quarter from $11.8 million in the second quarter of 2026.
  • Return to Positive Non-GAAP Operating IncomeRADCOM returned to positive non-GAAP operating income of $700,000, or 4.9% of revenue, compared with a $2.2 million operating loss in the second quarter.
  • Positive Cash Flow and Strong Balance SheetThe company generated positive cash flow of $1.7 million during the quarter and ended with $111.4 million in cash, cash equivalents, and short-term bank deposits, up from $109.7 million at the end of June. RADCOM has no debt.
  • Full-Year Revenue Outlook ReaffirmedRADCOM reaffirmed its revised full-year 2026 revenue outlook of $57 million to $63 million, with a midpoint of $60 million. Management expects to remain profitable on a non-GAAP basis for the full year and aims to remain free cash flow positive in the second half of 2026.
  • Two New Tier-1 Customer LogosRADCOM closed two new logos during the quarter: CETIN Networks in Slovakia and Vietnam Posts and Telecommunications Group, or VNPT. Both wins were competitive replacements of incumbent assurance vendors.
  • CETIN Multi-Year AI-Driven Assurance ContractCETIN selected RADCOM through a competitive RFP for a multi-year contract covering end-to-end, AI-driven assurance across its mobile network. RADCOM ACE is installed in production and the project is in acceptance testing.
  • VNPT Roaming Deployment and Asia-Pacific ReferenceVNPT, a Tier-1 operator with more than 30 million subscribers, selected RADCOM ACE for its roaming network and will deploy it across multiple cloud environments. Management said the initial deal provides a strong reference in Asia Pacific and creates an opportunity to extend assurance to VNPT's wider network.
  • Cloud-Native Cost and Deployment AdvantagesManagement stated that RADCOM's fully cloud-native platform has delivered up to 70% lower total cost of ownership than other solutions in customer deployments. The software can also run on hardware operators already own, including servers used by their current assurance vendors.
  • Progress Across Existing Customer DeploymentsThe 1Global project is on schedule, while the CETIN project has advanced to acceptance testing. Management said both deployments demonstrate the ability to deliver quickly in cloud-native environments and support opportunities to expand within those accounts.
  • Established Customer RelationshipsRADCOM continues to support AT&T and Rakuten Mobile, with its assurance solution embedded in production networks serving millions of subscribers. Rakuten Mobile recently passed 11 million subscribers, and management cited its first-place ranking in Japan for customer loyalty. Management also said AT&T has kept churn low in a competitive market.
  • AI Product Launch and Industry RecognitionRADCOM ADM, its Analytics Designer Module, is now available to customers, with management reporting very encouraging feedback. Several customers and prospects are evaluating RADCOM Neura, and management said feedback has been very positive. RADCOM won a 2026 Fast Mode Award for Impact in Network Testing and Assurance Leader and RADCOM Neura was named a finalist for Light Reading's 2026 Leading Lights Award for most innovative Telco AI and ML products.
  • Broad and Active Sales PipelineManagement described the pipeline as broad and healthy, with a balance between installed-base expansions and new logos across North America, Europe, and Asia Pacific. The company is engaged in multiple proofs of concept and field trials, described as higher-single digits across North America and Europe, as well as competitive RFPs and commercial discussions.
  • Pipeline Advancement and Modernization DemandSeveral opportunities advanced during the quarter from technical evaluation and proof-of-concept stages to commercial discussions. Management said operators continue to seek modernization for 5G and 5G standalone networks, cloud-native solutions, automation, and the ability to reuse existing hardware.
  • Early Signs of Delayed Deployments ResumingManagement reported encouraging signs that some deployments delayed from early 2026 are moving to early 2027, including receipt of a couple of orders planned for early 2027.
  • Capital Return and Continued Product InvestmentThe Board authorized a share repurchase program of up to $20 million expected to remain in effect for up to 18 months. The company completed the Israeli creditor-objection period with no objections and expects to begin repurchases after the current blackout period. RADCOM also plans to continue investing in RADCOM ACE, its agentic AI roadmap, and strategic R&D, while remaining open to targeted acquisitions and partnerships.
  • Non-GAAP Gross Margin and Expense ManagementNon-GAAP gross margin was 73.8%. Sales and marketing expenses declined 23.5% year-over-year to $3.5 million, mainly due to lower bonus and commission expenses and fewer marketing events. Non-GAAP G&A expenses increased only $24,000 year-over-year to $1.2 million.
  • Satellite and Direct-to-Device OpportunityManagement said RADCOM is seeing emerging opportunities with satellite low-Earth-orbit direct-to-device players, primarily through its customers.

DE:RAM Earnings History

DE:RAM earnings history
Report DateFiscal QuarterForecast / EPSLast Year's EPSEPS YoY ChangePress Release
Feb 17, 20272026 (Q4)0.12-0.28――
Nov 11, 20262026 (Q3)0.050.100.26-62.07% (-0.16)
Aug 12, 20262026 (Q2)0.22-0.080.23-136.00% (-0.31)
May 19, 20262026 (Q1)0.240.250.2312.00% (+0.03)
Feb 11, 20262025 (Q4)0.240.280.2134.78% (+0.07)
Nov 12, 20252025 (Q3)0.210.260.2126.09% (+0.05)
Aug 13, 20252025 (Q2)0.210.230.1825.00% (+0.05)
May 14, 20252025 (Q1)0.180.230.1638.89% (+0.06)
Feb 12, 20252024 (Q4)0.180.210.23-8.00% (-0.02)
Nov 13, 20242024 (Q3)0.180.210.1453.33% (+0.07)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat Missed