Q2 2025 Check Point Software Technologies Ltd Earnings Call Transcript
Key Points
- Check Point Software Technologies Ltd (CHKP) reported a solid quarter with revenues exceeding projections by $3 million, achieving $665 million.
- The company's Quantum force AI-powered firewalls posted a robust quarter, growing 12% year over year, driven by refresh momentum and demand for AI-powered inspection.
- Check Point Software Technologies Ltd (CHKP) has been recognized as a leader in the 2025 Gartner Magic Quadrant for SASE and the Forrester Wave for Zero Trust Platforms.
- The company is expanding its R&D capabilities with a new center in India and has doubled the size of its SASE R&D team.
- Check Point Software Technologies Ltd (CHKP) is focusing on an open platform strategy, which is believed to enhance resilience and collaboration with over 70 other vendors.
- The quarter was heavily back-end loaded, resulting in several slip deals that affected billing by approximately 3 points.
- There was a slight deceleration in subscription revenues and a decline in support revenues due to bundled offerings at higher discount levels.
- The weakening US dollar against the Israeli shekel resulted in an estimated 0.5 point headwind to the company's margin this quarter.
- Check Point Software Technologies Ltd (CHKP) faces challenges in accelerating growth, with a need to improve go-to-market strategies and instill a sense of urgency culture.
- The company anticipates a potential increase in operating expenses by $50 million to $60 million in 2026 if current FX rates persist.
(audio in progress)
And joining me today, our Chief Financial Officer, Roei Golan. Before we begin, I'd like to remind everyone that 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 this presentation, Check Point's representatives may make forward-looking statements. Forward-looking statements generally relate to future events or our future financial or operating performance.
These statements involve risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements. Any forward-looking statements made speak only as of the date hereof, and Check Point Software undertakes no obligation to update publicly any forward-looking statements.
In our press release, which has been posted on our website, we present GAAP and non-GAAP results, along with reconciliation
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