Check Point Software Reports 2026 First Quarter Financial Results

Tel Aviv, Israel  —
Thu, 30 Apr 2026

Check Point® Software Technologies Ltd. (NASDAQ: CHKP), today announced its financial results for the quarter ended March 31st, 2026.

First Quarter 2026 Financial Highlights:

• Total Revenues: $668 million, a 5 percent increase year over year
• Security Subscriptions Revenues: $323 million, an 11 percent increase year over year
• GAAP Operating Income: $185 million, representing 28 percent of total revenues
• Non-GAAP Operating Income: $265 million, representing 40 percent of total revenues
• GAAP EPS: $1.81, a 5 percent increase year over year
• Non-GAAP EPS: $2.50, a 13 percent increase year over year

“In the first quarter, we delivered double-digit growth in non-GAAP earnings per share and adjusted free cash flow, alongside 5 percent revenue growth. Subscription revenue remained a key strength, supported by strong demand across our emerging technologies, including email security, exposure management, and SASE. Product revenue was impacted by Go-To-Market changes implemented at the beginning of the quarter, which created near-term headwinds in our security appliance business. We remain confident these go-to-market changes together with our market-leading technology will drive sustainable long-term value,” said Nadav Zafrir, Chief Executive Officer. “The cybersecurity landscape is undergoing a fundamental shift as AI accelerates both the scale and sophistication of threats. Our strategy is purpose-built for this environment. With our four-pillar architecture, we are well positioned to benefit from accelerating demand for secure, enterprise-grade AI transformation at scale”

New Officer Appointment

Check Point today announced a change in its commercial leadership team. Sherif Seddik has been appointed Chief Revenue Officer, effective May 1, 2026. Mr. Seddik has served as the Company’s President of International Sales since 2023 and brings more than three decades of global sales leadership experience. He will succeed Itai Greenberg, who is stepping down from his role as Chief Revenue Officer.

Financial Highlights Commentary

• Cash Flow from Operations: $445 million, a 6 percent increase year over year.
• Adjusted Free Cash Flow*: $457 million, an 11 percent increase year over year.
• Remaining Performance Obligation (RPO)**: $2.6 billion, a 7 percent increase year over year
• Cash Balances, Marketable Securities & Short-Term Deposits: $4,380 million as of March 31, 2026.
• Share Repurchase Program: Approximately 1.9 million shares for a total of approximately $325 million.
• R&D Grants: Tax incentives for research and development activities have been enacted in Israel.

For information regarding the non-GAAP financial measures discussed in this release, as well as a reconciliation of such non-GAAP financial measures to the most directly comparable GAAP financial measures, please see “Use of Non-GAAP Financial Information” and “Reconciliation of GAAP to Non-GAAP Financial Information.”

* Adjusted Free Cash Flow is a measure that we define as Cash provided by operating activities, less purchases of property, equipment, and other assets, net of Acquisition related costs.

** Remaining Performance Obligation (RPO) is a measure that represents the total value of non-cancellable contracted products and/or services that are yet to be recognized as Revenue as of March 31, 2026.

Conference Call & Video Cast Information

Check Point will host a conference call with the investment community on April 30, 2026, at 8:30 AM ET/5:30 AM PT. To listen to the live videocast or replay, please visit www.checkpoint.com/ir.

Second Quarter 2026 Investor Conference Participation Schedule

• Needham 21st Annual TMT Conference May 14, 2026, NY, NY – Virtual 1×1’s
• P. Morgan 54th Annual TMT Conference May 18-20, 2026, Boston, MA – Fireside Chat & 1×1’s
• Jefferies 2026 Software, Internet & AI Conference May 27, 2026, Newport Coast, CA – Fireside Chat & 1×1’s
• TD Cowen 54th Annual TMT Conference May 28, 2026, NY, NY – Fireside Chat & 1×1’s
• Baird 2026 Global Consumer, Technology & Services Conference June 2, 2026, NY, NY – Fireside Chat & 1×1’s
• 2026 Evercore Global TMT Conference June 3, 2026, SF, CA – 1×1’s
• Bank of America Global Technology Conference 2026 June 4, 2026, SF, CA – 1×1’s
• Mizuho Technology Conference 2026 June 9, 2026, NY, NY – 1×1’s
• FBN 30th Virtual Conference June 15, 2026, NY, NY – Virtual

About Check Point Software Technologies Ltd.

Check Point Software Technologies Ltd. ( www.checkpoint.com) is a leading AI-powered, cloud-delivered cyber security platform provider protecting over 100,000 organizations worldwide. Check Point leverages the power of AI everywhere to enhance cyber security efficiency and accuracy through its Infinity Platform, with industry-leading catch rates enabling proactive threat anticipation and smarter, faster response times. The comprehensive platform includes cloud-delivered technologies consisting of Check Point Harmony to secure the workspace, Check Point CloudGuard to secure the cloud, Check Point Quantum to secure the network, and Check Point Infinity Core Services for collaborative security operations and services.