Check Point Software Technologies Ltd.: Miss — EPS $2.49, Revenue $669.8M
Earnings MissQ3 2026 · Pre-market
Did Check Point Software Technologies Ltd. (CHKP) beat earnings today?
No, Check Point Software Technologies Ltd. (CHKP) missed Wall Street analyst expectations for Q3 2026, reporting lower-than-expected EPS and lower-than-expected revenue.
Earnings Per Share+0.00% surprise
$2.49Actual
Expected: $2.49
vs. year ago -37.0%
Total Revenue-0.35% surprise
$669.8MActual
Expected: $672.14M
vs. year ago -1.0%
Released Nov 02 · 5:00 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $669.80M | $677.50M | -1.0 |
| Revenue detail — reported lines | |||
| └─Products and licenses | $105.50M | $130.40M | -19.1 |
| └─Security subscriptions | $338.60M | $305.40M | +10.9 |
| └─Products and security subscriptions | $444.10M | $435.80M | +1.9 |
| └─Software updates, maintenance and services | $225.70M | $241.70M | -6.6 |
| Net income | $185.20M | $358.70M | -48.4 |
| Non-GAAP net income | $253.80M | $431.40M | -41.2 |
| Basic EPS | $1.83 | $3.34 | -45.2 |
| Diluted EPS | $1.82 | $3.28 | -45.0 |
| Diluted Non-GAAP EPS | $2.49 | $3.94 | -37.0 |
Business Highlights
- ➤Repurchased approximately 2.5 million shares for approximately $325 million during the quarter.
- ➤Repurchased approximately 9 million shares over the last twelve months.
- ➤Recognized a $25 million R&D-expense reduction under Israel’s new R&D incentive program.
- ➤Israel enacted the new R&D tax-incentive law on March 30, 2026.
- ➤Convertible senior notes offering generated $1.8 billion of net proceeds.
- ➤Protects more than 100,000 organizations worldwide.
- ➤Focuses on four pillars: Hybrid Mesh, Workspace, Exposure Management, and AI Security.
- ➤Uses a prevention-first approach and open ecosystem architecture across multivendor environments.
Management Commentary
Nadav Zafrir, CEO
“Third-quarter results were in line with our expectations. Security subscriptions revenue grew 11 percent year over year, supported by strong demand for Email, CTEM, and AI Security.”
Nadav Zafrir, CEO
“We believe revenues reached a trough in the third quarter, and we expect gradual improvement beginning in the fourth quarter. The recovery is taking longer than anticipated, but we remain confident in our vision. Our leading indicators are improving, which is encouraging, and we remain focused on driving sustainable growth.”