The sharp Q2 revenue miss and swing to a loss are the primary signals. While the post-quarter contract wins and planned buyback offer a narrative of recovery, the market will focus on the execution risk of returning to double-digit growth in 2027. Monitor Q3 2026 results for signs of revenue stabilization and the timing of the share repurchase program's completion.
Price Chart
Executive Summary
RADCOM reported Q2 2026 revenue of $11.8M, down 33.4% YoY, swinging to a GAAP net loss of $3.1M from a $2.4M profit a year ago. The company reaffirmed its FY2026 revenue guidance of $57-$63M and announced a planned $20-$25M share repurchase program. While post-quarter contract wins (including a competitive displacement at a new Tier-1 customer) provide a positive narrative, the sharp revenue decline and operating loss are the dominant material facts, making this a bearish filing.
Key Facts
- Q2 2026 revenue was $11.8M, down 33.4% YoY from $17.7M.
- GAAP net loss of $3.1M ($0.18/diluted share) vs. net income of $2.4M ($0.15/diluted share) in Q2 2025.
- Non-GAAP net loss of $1.5M ($0.09/diluted share) vs. net income of $4.2M ($0.25/diluted share) in Q2 2025.
- FY2026 revenue guidance reaffirmed at $57-$63M (midpoint $60M).
- Board authorized steps to establish a $20-$25M share repurchase program.
- Three contracts secured post-quarter: CETIN Networks (Slovakia), a new Tier-1 APAC customer (competitive displacement), and a European renewal.
- Cash, cash equivalents, and short-term deposits of $109.7M with no debt as of June 30, 2026.
Financial Impact
Revenue decline of $5.9M (-33.4% YoY) and GAAP operating loss of $3.8M vs. $1.7M income. Net loss of $3.1M vs. net income of $2.4M.
Risk Factors
- Customer deployment delays may persist, impacting near-term revenue recognition.
- Guidance for FY2026 implies a significant H2 ramp; failure to deliver would be a further negative catalyst.
- The planned share repurchase is subject to regulatory approvals and may not be completed as announced.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001213900-26-088035 |
| Document: ea0301737-6k_radcom.htm | 0001213900-26-088035 |
| Document: 0001213900-26-088035-index-headers.html | 0001213900-26-088035 |
| Document: 0001213900-26-088035-index.html | 0001213900-26-088035 |
| Document: 0001213900-26-088035.txt | 0001213900-26-088035 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | Press Release | $10.20 | awaiting T+5 | — | $10.36 (+1.57%) |
Sep 17, 2026 5w ago | 6-K | $10.59 $10.30 | ▼ −2.74% | ▼ −3.34% | $10.36 (−2.17%) |
Sep 17, 2026 5w ago | Press Release | $10.59 $10.30 | ▼ −2.74% | ▼ −3.59% | $10.36 (−2.17%) |
Aug 12, 2026 10w ago | 6-K | $10.32 $10.19 | ▲ +1.26% | ▲ +0.82% | $10.36 (−0.39%) |
Aug 11, 2026 11w ago | 6-K | $10.05 $10.34 | ▲ +2.89% | ▲ +3.29% | $10.36 (+3.08%) |
Jul 30, 2026 12w ago | 6-K | $10.03 $10.03 | · 0.00% | ▲ +3.62% | $10.36 (−3.29%) |
Jul 30, 2026 12w ago | Press Release | $10.03 $10.03 | · 0.00% | ▲ +3.62% | $10.36 (−3.29%) |
Jul 21, 2026 14w ago | Press Release | $13.44 $13.25 | ▼ −1.41% | ▼ −0.19% | $10.36 (−22.92%) |
Jun 30, 2026 17w ago | 144 | $14.10 $14.16 | ▲ +0.43% | ▼ −0.18% | $10.36 (−26.52%) |
May 27, 2026 21w ago | 6-K | $14.49 $15.40 | ▲ +6.28% | ▲ +5.07% | $10.36 (−28.50%) |
US Market Status
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