Check Point Software Technologies Ltd. Earnings Recaps
Q2 2026
Aug 3, 2026
Shares dropped 9% after the quarter as investors punished Check Point for a visible deceleration in product revenues, particularly firewall appliances, and cautious near-term outlook for hardware recovery despite solid subscription growth.
Key takeaways
- Total revenues grew just 1% to $674 million, a touch below the midpoint of guidance due to a 14% decline in product revenues.
- Subscription revenues grew a healthy 12% to $333 million, driven by strong demand for emerging technologies like email security, CTEM, and AI security.
- Gross margin slipped slightly to 87%, pressured by higher memory costs.
- Operating expenses excluding R&D grants rose 13%, reflecting investments in expanded sales capacity and go-to-market initiatives.
- Management expects product revenue softness to continue in Q3 with improvement delayed to Q4, signaling ongoing challenges in appliance sales and cautious near-term outlook.
Q3 2025
Oct 28, 2025
Check Point's Q3 results demonstrate robust growth with double-digit increases in calculated billings, leading to a 7% rise in revenue to $678 million. The company raises 2025 revenue guidance amid strong demand across its cybersecurity portfolio.
Key takeaways
- Calculated billings rose by 20% year-over-year, driven by broad portfolio demand and contributing to overall revenue growth.
- Non-GAAP EPS reached $3.94 per diluted share, exceeding guidance, aided by a one-time tax benefit.
- The successful acquisition of Lakera enhances Check Point's capabilities in AI security, positioning the company for leadership in safeguarding AI applications.
- Services calculated billings experienced strong performance, growing by 21%, reflecting heightened demand across offerings.
- The company achieved FedRAMP authorization for its Infinity platform, enhancing its market position within U.S. federal environments.