Check Point Software Reports 2026 Second Quarter Financial Results

Rhea-AI Summary

Check Point Software (NASDAQ: CHKP) reported second quarter 2026 revenues of $673.6 million, up about 1% year over year, with security subscriptions rising 12% to $332.6 million and remaining performance obligation reaching $2.6 billion, a 7% increase. GAAP operating income was $185.1 million (27% margin) and non-GAAP operating income was $259.7 million (39% margin). GAAP diluted EPS was $1.87, up 2% year over year, and non-GAAP diluted EPS was $2.55, up 8%, according to Check Point.

The company ended June 30, 2026 with $4.2 billion in cash, marketable securities and short-term deposits, driven mainly by $1.8 billion net proceeds from a $2 billion convertible notes offering. Check Point repurchased about 2.5 million shares for approximately $325 million, and its board authorized a $2 billion expansion of the ongoing share repurchase program. Q2 operating cash flow was $169.6 million, and adjusted free cash flow was $160.7 million (23.9% margin). Check Point also recorded a $28 million reduction in R&D expenses from Israel’s new R&D tax incentive program.

Positive

• Security subscriptions revenue grew to $332.6M, up 12% year over year
• Remaining performance obligation reached $2.6B, a 7% year-over-year increase
• Non-GAAP diluted EPS rose to $2.55, up from $2.37 a year earlier
• Total cash, marketable securities and deposits increased to $4.2B from $2.9B year over year
• Shareholder returns: 2.5M shares repurchased for ~$325M plus $2B buyback expansion
• R&D tax incentives reduced Q2 R&D expenses by $28M, supporting margins

Negative

• Total revenue growth was modest at 1% year over year to $673.6M
• GAAP operating income declined to $185.1M from $203.6M year over year
• Products and licenses revenue fell to $113.4M from $131.9M year over year
• Operating cash flow decreased to $169.6M from $262.1M in Q2 2025
• Adjusted free cash flow margin compressed to 23.9% from 39.4% in the prior-year quarter

Market Context

The stock is dropping -12.1% following this news. +6.18% was the prior reaction to CHKP's Q3 2025 ea...

Analysis

The stock is dropping -12.1% following this news. +6.18% was the prior reaction to CHKP's Q3 2025 earnings event, contrasting with the tag-specific average of -6.87% across five events. The record was inconsistent, while recent insider context showed Net Selling.

Key Figures

Total Revenues: $674 million Security Subscriptions Revenues: $333 million RPO: $2.6 billion +5 more

8 metrics

Total Revenues $674 million Second quarter 2026; 1% increase year over year

Security Subscriptions Revenues $333 million Second quarter 2026; 12% increase year over year

RPO $2.6 billion June 30, 2026; 7% increase year over year

GAAP EPS $1.87 Second quarter 2026; 2% increase year over year

Non-GAAP EPS $2.55 Second quarter 2026; 8% increase year over year

Cash Flow from Operations $170 million Second quarter 2026; 25% of total revenues

Adjusted Free Cash Flow $161 million Second quarter 2026; 24% of total revenues

Convertible Notes Proceeds $1.8 billion Proceeds from the $2 billion convertible senior notes offering

Previous Earnings Reports

5 past events · Latest: Apr 30 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 30	Q1 2026 earnings	Positive	-19.6%	Revenue and EPS growth reported alongside acquisitions and stable recurring revenue metrics.
Oct 28	Q3 2025 earnings	Positive	+6.2%	Revenue growth, higher billings, EPS gains, and an AI-security acquisition supported results.
Jul 30	Q2 2025 earnings	Positive	-14.5%	Revenue, subscription growth, EPS expansion, and share repurchases accompanied the quarterly release.
Jul 11	Zero Trust evaluation	Positive	-2.6%	Check Point received leadership recognition and perfect scores across several platform criteria.
Apr 23	Q1 2025 earnings	Positive	-3.8%	Revenue, subscriptions, cash flow, billings, RPO, and EPS all increased year over year.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

The tag-specific earnings history averaged a -6.87% move across five events, with four divergences despite generally positive announcements.

Key Terms

remaining performance obligation, non-gaap financial measures, convertible senior notes offering, capped calls, +1 more

5 terms

remaining performance obligation financial

"Remaining Performance Obligation (RPO): $2.6 billion, a 7 percent increase year over year."

Remaining performance obligation is the amount of work or services a company still needs to deliver to a customer under a contract. It matters because it shows how much revenue the company can expect to earn in the future from that contract, helping investors understand the company's ongoing business and growth potential.

non-gaap financial measures financial

"For information regarding the non-GAAP financial measures discussed in this release"

Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.

convertible senior notes offering financial

"the $1.8 billion proceeds from our $2 billion convertible senior notes offering"

A convertible senior notes offering is a company selling debt securities that sit above other unsecured debt in repayment order (senior) and can be converted into a set number of shares of the company’s stock under predefined conditions. Think of it as an IOU that pays interest but can later be exchanged for ownership; it matters to investors because it changes a firm’s debt obligations, potential share dilution, and who gets paid first if the company faces financial trouble.

capped calls financial

"net of issuance costs and net of purchased capped calls"

A capped call is a type of option tied to a company’s convertible securities that gives the holder the right to buy shares up to a set price, but with a fixed ceiling on the payout. Companies commonly use capped calls to reduce the number of new shares that would dilute existing shareholders if convertibles turn into stock; for investors this matters because capped calls can limit dilution, affect share supply, and alter the potential upside and risk of owning the stock.

adjusted free cash flow financial

"Adjusted Free Cash Flow is a non-GAAP financial measure"

Adjusted free cash flow is the amount of money a company generates from its operations after accounting for essential expenses and investments, like maintaining or upgrading equipment. It shows how much cash is truly available to grow the business, pay debts, or return to shareholders, helping investors see the company's financial health more clearly.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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TEL AVIV, Israel, July 30, 2026 /PRNewswire/ -- Check Point® Software Technologies Ltd. (NASDAQ: CHKP), today announced its financial results for the quarter ended June 30^th, 2026.

Second Quarter 2026 Financial Highlights:

• Total Revenues: $674 million, a 1 percent increase year over year
• Security Subscriptions Revenues: $333 million, a 12 percent increase year over year
• Remaining Performance Obligation (RPO)*: $2.6 billion, a 7 percent increase year over year.
• GAAP Operating Income: $185 million, representing 27 percent of total revenues
• Non-GAAP Operating Income: $260 million, representing 39 percent of total revenues
• GAAP EPS: $1.87, a 2 percent increase year over year
• Non-GAAP EPS: $2.55, an 8 percent increase year over year
• Cash Flow from Operations: $170 million, representing 25 percent of total revenues
• Adjusted Free Cash Flow**: $161 million, representing 24 percent of total revenues

"We delivered second quarter results in line with our expectations while strengthening our foundation for sustainable growth," said Nadav Zafrir, Chief Executive Officer of Check Point Software. "Our go-to-market execution is improving, and we are significantly expanding sales capacity to capture a growing market opportunity. With the industry's first Network AI Firewall and our AI Defense plane, we are giving enterprises the visibility, control, and protection they need to adopt AI safely across users, applications, and agents, while defending against a new generation of AI-driven threats. This reinforces our mission to secure our customers AI transformation."

Financial Highlights Commentary: 

Cash Balances, Marketable Securities & Short-Term Deposits: $4,203 million as of June 30, 2026, compared to $2,913 million as of June 30, 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.
Cash Flow: Cash flow from operations in the second quarter of 2026 was $170 million, which included $14 million in benefit related to our currency hedging transactions, while acquisition-related costs were insignificant. This compares to $262 million in the second quarter of 2025, which included $50 million in benefit related to our currency hedging transactions, while acquisition-related costs were $6 million.
Share Repurchase Program: During the second quarter of 2026, the company re-purchased approximately 2.5 million shares at a total cost of approximately $325 million. On May 11, 2026, the company announced that the board of directors authorized a $2 billion expansion of the company's on-going share repurchase program.
R&D Grants: During the second quarter of 2026, the company recognized a $28 million reduction in research and development expenses under Israel's new R&D tax incentive program. The new Israeli law enacted on March 30, 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."

* 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 June 30, 2026.
** Adjusted Free Cash Flow is a non-GAAP financial measure that we define as Net Cash provided by operating activities, less purchases of property, equipment, Capitalization costs, and other assets, net of Acquisition related costs. 

Conference Call and Webcast Information:
Check Point will host a conference call with the investment community on July 30, 2026, at 8:30 AM ET/5:30 AM PT. To listen to the live video cast or replay, please visit the website: www.checkpoint.com/ir.

Third Quarter Investor Conference Participation Schedule:

• KBCM Technology Leadership Forum
  August 10-11, 2026, Park City, UT – Fireside & 1x1's
• Oppenheimer 29^th Annual Virtual Technology, Internet & Communications Conference
  August 13, 2026 – Virtual 1x1's
• NASDAQ 6^th Annual Asia Virtual Conference
  August 17, 2026 – Virtual 1x1's
• Deutsche Bank 2026 Technology Conference
  August 26 - 27, 2026, Dana Point, CA – 1x1's
• Goldman Sachs 2026 Communicopia + Technology Conference
  September 8-9, 2026, San Francisco, CA – Fireside Chat &1x1's
• Wolfe Research TMT Conference
  September 10, 2026, San Francisco, CA – 1x1's
• Piper Sandler 2026 Growth Frontiers Conference
  September 14-16, 2026, Nashville, TN – 1x1's

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. (www.checkpoint.com) is a global cyber security leader protecting more than 100,000 organizations worldwide. Its mission is to secure enterprises' AI transformation. With a prevention-first approach and an open ecosystem architecture, Check Point helps organizations block advanced threats, prioritize exposures, and automate security operations across complex digital environments. The unified architecture simplifies protection across hybrid networks, multi-cloud environments, digital workspaces, and AI systems. Structured around four strategic pillars, Hybrid Mesh Network Security, Workspace Security, Exposure Management, and AI Security, Check Point delivers consistent protection and visibility across multivendor environments, enabling organizations to reduce risk, improve efficiency, and accelerate innovation without increasing complexity.  

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 and customer demands, our ability to capture growth opportunities and drive sustainable growth in the future, and our participation in investor conferences and other events during the third 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; competition from other products and services; 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 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.

CHECK POINT SOFTWARE TECHNOLOGIES LTD. CONSOLIDATED STATEMENT OF INCOME  (Unaudited, in millions, except per share amounts)
	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2026		2025		2026		2025
Revenues:
Products and licenses	$       113.4		$       131.9		$       224.2		$       246.0
Security subscriptions	332.6		297.9		655.8		588.5
Total revenues from products and security subscriptions	446.0		429.8		880.0		834.5
Software updates, maintenance and services	227.6		235.4		462.0		468.5
Total revenues	673.6		665.2		1,342.0		1,303.0
Operating expenses:
Cost of products and licenses	27.8		26.2		55.2		49.2
Cost of security subscriptions	24.4		23.0		48.3		44.4
Total cost of products and security subscriptions	52.2		49.2		103.5		93.6
Cost of Software updates and    Maintenance	36.9		34.2		72.8		66.3
Amortization of technology	10.4		7.8		20.9		15.4
Total cost of revenues	99.5		91.2		197.2		175.3
Research and development, net (*)	112.0		112.8		221.9		214.9
Selling and marketing	239.0		227.8		481.6		453.2
General and administrative	38.0		29.8		71.1		60.5
Total operating expenses	488.5		461.6		971.8		903.9
Operating income	185.1		203.6		370.2		399.1
Financial income, net	41.5		28.5		82.3		55.8
Income before taxes on income	226.6		232.1		452.5		454.9
Taxes on income	32.8		29.3		67.1		61.2
Net income	$       193.8		$       202.8		$       385.4		$       393.7
Basic earnings per share	$         1.88		$         1.89		$         3.71		$         3.66
Number of shares used in computing basic earnings      per share	102.9		107.1		103.8		107.5
Diluted earnings per share	$         1.87		$         1.84		$         3.68		$         3.55
Number of shares used in computing diluted earnings per share	103.5		110.4		104.8		110.9

(*) R&D expenses for the six and three months ended June 30, 2026 include reductions of $55 million and $28 million respectively, related to grants expected to be received under the Israeli Law for Encouragement and Incentivization of Research and Development, following the ratification of the law during the period.

 

CHECK POINT SOFTWARE TECHNOLOGIES LTD. SELECTED FINANCIAL METRICS (Unaudited, in millions, except per share amounts)
		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2026		2025		2026		2025
Revenues		$                673.6		$                665.2		$             1,342.0		$             1,303.0
Non-GAAP operating income		259.7		271.1		524.3		529.7
Non-GAAP net income		263.5		261.4		528.8		507.6
Diluted Non-GAAP Earnings per share		$                  2.55		$                  2.37		$                  5.05		$                  4.58
Number of shares used in computing diluted Non-GAAP earnings per share		103.5		110.4		104.8		110.9

 

CHECK POINT SOFTWARE TECHNOLOGIES LTD. RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION (Unaudited, in millions, except per share amounts)
		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2026		2025		2026		2025
GAAP operating income		$                 185.1		$                 203.6		$              370.2		$              399.1
Stock-based compensation (1)		55.9		45.9		115.7		87.1
Amortization of intangible assets and acquisition related expenses (2)(*)		18.7		21.6		38.4		43.5
Non-GAAP operating income		$                259.7		$                271.1		$              524.3		$              529.7
GAAP net income		$                193.8		$                202.8		$             385.4		$             393.7
Stock-based compensation (1)		55.9		45.9		115.7		87.1
Amortization of intangible assets and acquisition related expenses (2)(*)		18.7		21.6		38.4		43.5
Amortization of debt discount (3)		1.4		-		2.8		-
Taxes on the above items (4)		(6.3)		(8.9)		(13.5)		(16.7)
Non-GAAP net income		$                263.5		$                261.4		$              528.8		$              507.6
Diluted GAAP earnings per share		$                  1.87		$                  1.84		3.68		$               3.55
Stock-based compensation (1)		0.54		0.41		1.10		0.78
Amortization of intangible assets and acquisition related expenses (2)		0.18		0.20		0.37		0.40
Amortization of debt discount (3)		0.02		-		0.03		-
Taxes on the above items (4)		(0.06)		(0.08)		(0.13)		(0.15)
Diluted Non-GAAP earnings per share		$                  2.55		$                  2.37		$               5.05		$               4.58
Number of shares used in computing diluted Non-GAAP earnings per share		103.5		110.4		104.8		110.9
(1) Stock-based compensation:
Cost of products and licenses		$                   0.1		$                   0.1		$                 0.2		$                 0.2
Cost of software updates and maintenance		3.4		3.2		7.4		5.3
Research and development		19.7		17.9		43.2		32.6
Selling and marketing		21.4		17.5		43.6		32.1
General and administrative		11.3		7.2		21.3		16.9
		55.9		45.9		115.7		87.1
(2) Amortization of intangible assets and acquisition related expenses (*):
Amortization of technology-cost of revenues		10.4		7.8		20.9		15.4
Research and development		5.1		1.1		10.9		2.6
Selling and marketing		3.2		12.7		6.6		25.5
		18.7		21.6		38.4		43.5
(3) Amortization of debt discount		1.4		-		2.8		-
(4) Taxes on the above items		(6.3)		(8.9)		(13.5)		(16.7)
Total, net		$                  69.7		$                  58.6		$              143.4		$              113.9

(*) While amortization of acquired intangible assets is excluded from the measures, the revenue of the acquired companies is reflected in the measures, and the acquired assets contribute to revenue generation.

 

CHECK POINT SOFTWARE TECHNOLOGIES LTD.  RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO ADJUSTED FREE CASH FLOW (Unaudited, in millions)
		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2026		2025		2026	2025
Net cash provided by operating activities		$            169.6		$            262.1		$          616.7	$        683.2
Less:
Purchases of property and equipment		(7.1)		(6.1)		(16.5)	(13.5)
Capitalization of internal-use software		(1.8)		-		(3.6)	-
Free cash flow		$          160.7		$         256.0		$          596.6	$         669.7
Add:
Acquisition-related costs		-		6.2		21.4	6.2
Adjusted free cash flow		$          160.7		$          262.2		$          618.0	$         675.9
Free cash flow margin		23.9 %		38.5 %		44.5 %	51.4 %
Adjusted free cash flow margin		23.9 %		39.4 %		46.0 %	51.9 %

 

CHECK POINT SOFTWARE TECHNOLOGIES LTD. CONDENSED CONSOLIDATED BALANCE SHEET DATA (In millions) ASSETS
			June 30,		December 31,
			2026 (Unaudited)		2025 (Audited)
Current assets:
Cash and cash equivalents			$             596.3		$            1,800.0
Marketable securities and short-term deposits			1,683.2		1,214.9
Trade receivables, net			491.3		769.1
Prepaid expenses and other current assets			159.6		180.0
Total current assets			2,930.4		3,964.0
Long-term assets:
Marketable securities			1,923.9		1,326.8
Property and equipment, net			86.0		82.9
Deferred tax asset, net			74.5		68.3
Operating lease right of use assets			202.1		48.4
Goodwill and other intangible assets, net			2,197.6		2,118.5
Lease prepayment			-		159.9
Other assets			97.6		37.6
Total long-term assets			4,581.7		3,842.4
Total assets			$          7,512.1		$          7,806.4

 

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Deferred revenues			$          1,397.5		$          1,530.1
Trade payables and other accrued liabilities			355.1		406.6
Total current liabilities			1,752.6		1,936.7
Long-term liabilities:
Convertible senior notes, net			1,974.9		1,972.1
Long-term deferred revenues			627.7		650.3
Income tax accrual			390.0		329.7
Other long-term liabilities			29.8		35.5
Total long-term liabilities			3,022.4		2,987.6
Total liabilities			4,775.0		4,924.3
Shareholders' equity:
Share capital			0.8		0.8
Additional paid-in capital			3,435.5		3,331.6
Treasury shares at cost			(16,159.7)		(15,555.8)
Accumulated other comprehensive gain			4.4		34.8
Retained earnings			15,456.1		15,070.7
Total shareholders' equity			2,737.1		2,882.1
Total liabilities and shareholders' equity			$          7,512.1		$          7,806.4
Total cash and cash equivalents, marketable      securities and short-term deposits			$          4,203.4		$          4,341.7

 

CHECK POINT SOFTWARE TECHNOLOGIES LTD. SELECTED CONSOLIDATED CASH FLOW DATA (Unaudited, in millions)
	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2026		2025		2026		2025
Cash flow from operating activities:
Net income	$            193.8		$            202.8		$      385.4		$      393.7
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property and equipment	6.9		5.7		13.5		10.9
Amortization of intangible assets	12.4		19.6		25.3		38.8
Stock-based compensation	55.9		45.9		115.7		87.1
Realized loss (gain) on marketable securities	-		-		(0.1)		0.1
Decrease (increase) in trade and other receivables, net	(79.6)		(75.0)		222.4		254.4
Increase (decrease) in deferred revenues, trade payables and other accrued liabilities	(20.0)		66.7		(147.9)		(75.4)
Amortization of debt discount	1.4		-		2.8		-
Deferred income taxes, net	(1.2)		(3.6)		(0.4)		(26.4)
Net cash provided by operating activities	169.6		262.1		616.7		683.2
Cash flow from investing activities:
Payment in conjunction with acquisitions, net of acquired cash	(2.2)		(83.7)		(94.4)		(83.7)
Investment in property and equipment	(7.1)		(6.1)		(16.5)		(13.5)
Capitalization of internal-use software	(1.8)		-		(3.6)		-
Net cash used in investing activities	(11.1)		(89.8)		(114.5)		(97.2)
Cash flow from financing activities:
Proceeds from issuance of shares upon exercise of options	11.2		138.7		45.6		184.7
Purchase of treasury shares	(324.9)		(325.0)		(649.9)		(650.0)
Payments related to shares withheld for taxes	(12.1)		(12.8)		(13.0)		(14.3)
Net cash used in financing activities	(325.8)		(199.1)		(617.3)		(479.6)
Unrealized gain (loss) on marketable securities, net	)9.0(		8.2		(23.2)		23.2
Increase (decrease) in cash and cash equivalents, marketable securities and short-term deposits	(176.3)		(18.6)		(138.3)		129.6
Cash and cash equivalents, marketable securities and short- term deposits at the beginning of the period	4,379.7		2,932.0		4,341.7		2,783.8
Cash and cash equivalents, marketable securities and short-term deposits at the end of the period	$         4,203.4		$         2,913.4		$    4,203.4		$    2,913.4

 

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SOURCE Check Point Software Technologies

FAQ

How did Check Point (CHKP) perform in Q2 2026 in terms of revenue and EPS?

Check Point reported Q2 2026 revenue of $673.6 million and GAAP diluted EPS of $1.87. According to Check Point, revenue grew about 1% year over year, while non-GAAP diluted EPS increased 8% to $2.55, reflecting higher profitability on an adjusted basis.

What were Check Point’s key growth drivers in its Q2 2026 results (CHKP)?

The main growth driver was security subscriptions, which rose 12% year over year to $332.6 million. According to Check Point, remaining performance obligation also increased 7% to $2.6 billion, highlighting strength in recurring, contracted revenue from subscriptions and services.

How did Check Point’s cash flow and cash position change in Q2 2026?

Operating cash flow in Q2 2026 was $169.6 million, down from $262.1 million a year earlier. According to Check Point, adjusted free cash flow was $160.7 million, while total cash, marketable securities and short-term deposits reached about $4.2 billion as of June 30, 2026.

What shareholder return actions did Check Point (CHKP) take in Q2 2026?

Check Point repurchased about 2.5 million shares for approximately $325 million during Q2 2026. According to Check Point, its board also authorized a $2 billion expansion of the ongoing share repurchase program, signaling continued capital return to shareholders.

How did Check Point’s GAAP and non-GAAP operating income trend in Q2 2026?

GAAP operating income was $185.1 million, down from $203.6 million in Q2 2025, while non-GAAP operating income was $259.7 million. According to Check Point, the non-GAAP operating margin was about 39%, compared with 271.1 million non-GAAP operating income a year earlier.

What impact did Israel’s R&D tax incentive have on Check Point’s Q2 2026 results?

Check Point recorded a $28 million reduction in R&D expenses in Q2 2026 from Israel’s new R&D tax incentive. According to Check Point, this program provides tax credits for qualifying R&D that can offset corporate taxes or be converted into cash grants over time.

What is Check Point’s remaining performance obligation (RPO) as of June 30, 2026?

Remaining performance obligation was $2.6 billion as of June 30, 2026, a 7% year-over-year increase. According to Check Point, RPO represents the total value of non‑cancellable contracted products and services not yet recognized as revenue, indicating future revenue visibility.