Radcom Q3 2026: Profit Returns, Two Competitive Wins, $111M Cash
As seen on the 24/7 Wall St. homepage on November 12, 2026.
Radcom is back to non-GAAP operating profit after two down quarters, with revenue up 19.4% sequentially and two competitive wins (VNPT and CETIN Networks) taken from incumbent vendors. Cash of $111.4 million, no debt and a buyback starting once the blackout lifts put more than half the market cap in cash.
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Radcom posted adjusted non-GAAP EPS of $0.11 for Q3 2026, beating expectations after two difficult quarters that included a GAAP EPS loss of $0.18 missing expectations in Q1 2026. The return to non-GAAP operating profitability is the shift investors had been waiting for.
Revenue rose 19.4% from Q2 2026 as customer deployments stuck in the pipeline finally moved. Year over year the comparison remained punishing, and management has signaled that some delayed deals begin moving forward in early 2027.
Two competitive wins add strategic weight to the numbers. VNPT in Vietnam, an operator with more than 30 million subscribers, selected Radcom's AI-native assurance platform RADCOM ACE for cloud-native roaming service assurance, replacing an incumbent vendor after a competitive RFP. CETIN Networks in Slovakia, part of the e& PPF Telecom Group, signed a multi-year contract for end-to-end AI-driven assurance from RAN to core, also displacing an incumbent.
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Radcom ended Q3 with $111.4 million in cash and no debt, plus a board-authorized share repurchase program. Repurchases were paused during the earnings-related blackout window and management confirmed they begin once it lifts, giving the stock a floor few small-cap names can claim.
Full-year 2026 revenue guidance was reaffirmed at $57 million to $63 million, a range whose midpoint implies a back-half ramp dependent on delayed deployments converting. Investors will want to track whether the early-2027 deployment signals materialize and whether the VNPT and CETIN wins translate into recurring revenue.
Mentioned: RDCM