TEL AVIV, Israel, April 30, 2026 /PRNewswire/ — Check Point® Software Technologies Ltd. (NASDAQ: CHKP), today announced its financial results for the quarter ended March 31^st, 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, along with 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, compared to $2,932 million as of March 31, 2025. The increase in cash is primarily a result of the $1.8 billion proceeds from our $2 billion convertible senior notes offering net of issuance costs and net of purchased capped calls. During the first quarter of 2026, we completed the acquisition of Cyata and Cyclops for approximately $92 million net cash consideration.
• Share Repurchase Program: During the first quarter of 2026, the company repurchased approximately 1.9 million shares for a total of approximately $325 million.
• R&D Grants: A new Israeli law enacted on March 31, 2026, as part of the 2026 budget, provides tax incentives for research and development activities carried out in Israel. Eligible Israeli companies within multinational groups can receive tax credits for qualifying R&D expenses, which may be used to offset corporate taxes or minimum top-up tax, and unused credits may be converted into cash grants after a defined period.

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 the website www.checkpoint.com/ir.

Second Quarter 2026 Investor Conference Participation Schedule

• Needham 21^st Annual TMT Conference
  May 14, 2026, NY, NY – Virtual 1×1’s
• J.P. Morgan 54^th 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 54^th 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 30^th Virtual Conference
  June 15, 2026, NY, NY – Virtual 

Members of Check Point’s management team are expected to present at these conferences and discuss the latest company strategies and initiatives. Check Point’s conference presentations are expected to be available via webcast on the company’s web site. To hear these presentations and access the most updated information please visit the company’s web site at www.checkpoint.com/ir. The schedule is subject to change.

Follow Check Point via:
Twitter: http://www.twitter.com/checkpointsw
Facebook: https://www.facebook.com/checkpointsoftware
Blog: http://blog.checkpoint.com
YouTube: http://www.youtube.com/user/CPGlobal
LinkedIn: https://www.linkedin.com/company/check-point-software-technologies 

About Check Point Software Technologies Ltd.
Check Point Software Technologies Ltd. (http://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.

Legal Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements in this press release include, but are not limited to, expectations regarding our products and solutions, expectations regarding the cybersecurity landscape, AI adoption and the increasing demand for our products and solutions, new officer appointments and our participation in investor conferences and other events during the second quarter of 2026. Our expectations and beliefs regarding these matters may not materialize, and actual results or events in the future are subject to risks and uncertainties that could cause actual results or events to differ materially from those projected. These risks include our ability to continue to develop platform capabilities and solutions; customer acceptance and purchase of our existing solutions and new solutions; the market for IT security continuing to develop; issues in the development and deployment of AI; competition from other products and services; appointments and departures of our executive officers; and general market, political, economic, and business conditions, including acts of terrorism or war. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the Securities and Exchange Commission on March 31, 2026. The forward-looking statements in this press release are based on information available to Check Point as of the date hereof, and Check Point disclaims any obligation to update any forward-looking statements, except as required by law.

Use of Non-GAAP Financial Information
In addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, Check Point uses non-GAAP measures of operating income, net income, earnings per diluted share and adjusted free cash flow, which are adjustments from results based on GAAP to exclude, as applicable, stock-based compensation expenses, amortization of intangible assets and acquisition related expenses, amortization of debt discount and issuance costs and the related tax affects. Check Point’s management believes the non-GAAP financial information provided in this release is useful to investors’ understanding and assessment of Check Point’s ongoing core operations and prospects for the future. Historically, Check Point has also publicly presented these supplemental non-GAAP financial measures to assist the investment community to see the company “through the eyes of management,” and thereby enhance understanding of its operating performance. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. A reconciliation of the non-GAAP financial measures discussed in this press release to the most directly comparable GAAP financial measures is included with the financial statements contained in this press release. Management uses both GAAP and non-GAAP information in evaluating and operating business internally and as such has determined that it is important to provide this information to investors.

 

 

 

 

 

 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/check-point-software-reports-2026-first-quarter-financial-results-302758523.html

SOURCE Check Point Software Technologies