EarningsQ2 2026 Earnings Report
MX:CHKPN Q2 2026 EPS Results
Actual EPS$46.14
Consensus EPS$44.28
Beat/MissBeat by +$1.86
One Year Ago EPS$42.89
MX:CHKPN Q2 2026 Revenue Results
Actual Revenue$12.19B
Expected Revenue$12.22B
Beat/MissMissed by -$33.55M
YoY Revenue Growth+1.26%
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeBefore Open
Conference CallThursday, July 30, 2026
MX:CHKPN Upcoming Earnings
Check Point's next earnings date is estimated for November 3, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:CHKPN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a generally positive outlook driven by accelerating subscription growth, strong ARR/RPO trends, product innovation (AI Network Firewall and AI Defense plane), solid non-GAAP EPS and free cash flow, and a healthy balance sheet with an expanded buyback. Offsetting these positives are meaningful near-term challenges: a 14% decline in product revenues (firewall appliances), go-to-market disruptions that pushed deals from Q3 into Q4, rising operating costs for planned investments, and some billing timing noise. Management is maintaining full-year guidance, views Q3 as the trough, and is making significant sales investments that are expected to benefit 2027—overall the positives appear to outweigh the near-term headwinds.Company Guidance
Revenue and Subscription Growth
Total revenues of $674 million, up 1% year-over-year; subscription revenue grew 12% YoY to $333 million and is the primary driver of growth.
Profitability and Cash Generation
Non-GAAP EPS of $2.55, up 8% YoY and above guidance; adjusted free cash flow of $161 million (24% of revenues), $1 million above the midpoint of guidance; GAAP EPS $1.87 (up 2% YoY).
Strong Deferred Revenue and Bookings Metrics
Deferred revenues increased 7% to $2.025 billion; Remaining Performance Obligation (RPO) grew 7% to $2.55 billion; current RPO reached $1.6 billion, up 4% YoY—indicating healthy bookings/backlog.
Emerging Product Momentum
Emerging products (email security, CTEM, AI security) combined saw >40% ARR growth YoY and a 35% YoY increase in calculated billing from these products, reflecting strong demand for newer offerings.
Strategic Investments and Product Innovation
Launched the AI Network Firewall and AI Defense plane (positioning Check Point for AI-era network security); ongoing integration of recent acquisitions to expand platform capabilities.
Strong Balance Sheet and Shareholder Returns
Cash and marketable securities of $4.2 billion; repurchased ~2.5 million shares for $325 million at an average price of $131; expanded share repurchase program by $2 billion.
MX:CHKPN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed