Q1 2026 Check Point Software Technologies Ltd Earnings Call Transcript

Apr 30, 2026 / 12:30PM GMT

Release Date Price: $112.47 (-19.64%)

Transcript

Key Points

Positve

Check Point Software Technologies Ltd (CHKP) reported double-digit growth in non-GAAP earnings per share and adjusted free cash flow.
Subscription revenue showed strong performance with 11% growth, driven by demand for emerging technologies.
The company introduced new AI-driven solutions, including an AI defense plan and AI factory security blueprint, enhancing its security offerings.
Check Point Software Technologies Ltd (CHKP) announced strategic leadership appointments to strengthen its go-to-market execution.
The company is optimistic about future growth, supported by a strong pipeline and ongoing customer engagements.

Negative

Check Point Software Technologies Ltd (CHKP) experienced a decrease in product revenues due to disruptions from changes in its go-to-market model.
The transition to a new sales model created short-term disruptions, particularly affecting the firewall appliances business.
The company adjusted its annual revenue guidance downward due to near-term headwinds in its appliances business.
Calculated billings showed a 1% decline year-over-year, indicating challenges in maintaining growth momentum.
There is ongoing pressure from rising memory costs, which could impact product revenues further.

Kip Meintzer

Check Point Software Technologies Ltd - Investor Relations

Are we recording?

Roei Golan

Check Point Software Technologies Ltd - Chief Financial Officer

Yeah, I think I have to record it.

Kip Meintzer

Check Point Software Technologies Ltd - Investor Relations

Greetings, and welcome to Check Point Software's 2026 first-quarter financial results video conference. I'm Kip Meintzer, Global Head of Investor Relations. And joining me today are Chief Executive Officer, Nadav Zafrir; and our Chief Financial Officer, Roei Golan.

Before we begin, I'd like to remind everyone this conference is being recorded and will be available for replay on our website at checkpoint.com. During the formal presentation, all participants are in a listen-only mode that will be followed by a Q&A session. During the presentation, Check Point's representatives may make forward-looking statements. Forward-looking statements generally relate to future events or future financial and/or operating performance. These

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