Check Point Software Technologies Q2 Earnings Call Highlights

1 month ago 20

MarketBeat

Thu, July 30, 2026 astatine 10:04 AM CDT 6 min read

Key Points

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Q2 results were broadly successful enactment with expectations: Revenue roseate 1% twelvemonth implicit twelvemonth to $674 million, portion subscription gross grew 12% to $333 cardinal and offset a 14% diminution successful merchandise gross tied to weaker firewall-appliance demand. Non-GAAP EPS accrued 8% to $2.55, exceeding guidance.
Check Point launched an AI Network Firewall arsenic portion of its AI Defense Plane, designed to show and power prompts, cause actions and exemplary interactions crossed network, unreality and SASE environments.
Management maintained its full-year 2026 outlook contempt a back-end-loaded 2nd half, citing a stronger fourth-quarter pipeline. The institution plans to prosecute astir 300 go-to-market employees to enactment maturation successful 2027 and expanded its share-repurchase authorization by $2 billion.

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Check Point Software Technologies (NASDAQ:CHKP) said its second-quarter results met expectations arsenic subscription gross maturation offset weaker request for firewall appliances, portion absorption maintained its full-year 2026 outlook and pointed to a stronger fourth-quarter pipeline.

Total gross roseate 1% twelvemonth implicit twelvemonth to $674 million, landing $1 cardinal beneath the midpoint of the company's forecast, CFO Roei Golan said. Subscription gross accrued 12% to $333 million, reaching the midpoint of guidance. Product gross declined 14%, which Golan attributed chiefly to little firewall-appliance request pursuing disruption associated with changes to the company's go-to-market organization.

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Non-GAAP net per diluted stock accrued 8% from a twelvemonth earlier to $2.55, exceeding the company's guidance. GAAP net per stock were $1.87, up 2%. Adjusted escaped currency travel totaled $161 million, oregon 24% of revenue, and was $1 cardinal supra the midpoint of Check Point's forecast.

Subscription maturation offsets appliance weakness

Golan said the company's emerging exertion portfolio continued to thrust growth. Email security, continuous menace vulnerability management, oregon CTEM, and AI information collectively generated much than 40% yearly recurring gross maturation twelvemonth implicit year, portion calculated billings from those products roseate 35%.

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