Check Point Software Technologies Ltd. · NASDAQ:CHKP

Check Point Software Technologies — Q3 2026 Earnings Presentation

19 slides from Check Point Software Technologies's earnings presentation, Nov 2, 2026

  1. Slide 1: Third Quarter 2026 Financial Results

    Third Quarter 2026 Financial Results November 02, 2026 Nadav Zafrir Roei Golan Kip E. Meintzer CEO CFO Global Head of IR ©2026 Check Point Software Technologies Ltd. 1

  2. Slide 2: Forward Looking Statement

    Forward Looking Statement This presentation may contain certain forward-looking the market for IT security continuing to develop; competition from statements. These forward-looking statements generally relate other products and services; our ability to recognize the anticipated to future events or o

  3. Slide 3: Financial Results

    1 Financial Results ©2026 Check Point Software Technologies Ltd. 3

  4. Slide 4: Third Quarter 2026 Highlights

    Third Quarter 2026 Highlights Actual Guidance Total Revenues $670M $655M - $685M Subscription Revenues $339M $332M - $343M Non-GAAP EPS* $2.49 $2.43 - $2.53 Adjusted Free Cash Flow** $258M $235M - $265M * Non-GAAP excludes equity-based compensation charges, amortization of acquired intangibles, acqu

  5. Slide 5: Third Quarter 2026 Results

    Third Quarter 2026 Results Q3-25 Q3-26 Y/Y % Total Revenues $678M $670M -1% Deferred Revenues $1,887M $1,992M 6% Calculated Billings* $672M $636M -5% Remaining Performance Obligation** $2,400M $2,513M 5% * Calculated Billings is a measure that we defined as total revenues recognized in accordance wi

  6. Slide 6: Revenues Growth Driven By Subscription, Reaching 51% of Total Revenues

    Revenues Growth Driven By Subscription, Reaching 51% of Total Revenues Subscription Revenues From Total Revenues 51% 44% 45% +11% 42% Revenues Y/Y Q3-23 Q3-24 Q3-25 Q3-26 ©2026 Check Point Software Technologies Ltd. 6

  7. Slide 7: Continued Strong Demand for Growth Technologies

    Continued Strong Demand for Growth Technologies* Over 38% ARR** Growth Q3-25 Q3-26 Over 47% Calculated Billings*** Growth Y/Y Q3-25 Q3-26 * Includes AI Security, Email Security and CTEM. ** ARR - Annualized Recurring Revenue. Annualized allocated revenue of all active contracts as of the final day o

  8. Slide 8: Third Quarter 2026 Operating Performance

    Third Quarter 2026 Operating Performance Q3-25 Q3-26 Total Revenues $678M $670M Gross Profit** $602M $585M Operating Expenses, net** $320M $334M Operating Income** $282M $251M Non-GAAP EPS** $3.94($2.47*) $2.49 * Excluding a one-time tax benefit in Q3-25 that increased both GAAP and non-GAAP EPS by

  9. Slide 9: Cash Flow

    Cash Flow Q3-26 Adjusted LTM Adjusted Free Cash Flow* Free Cash Flow* $258M $1,179M * Adjusted Free Cash Flow is defined as Net Cash provided by operating activities less purchases of property, equipment, Capitalization of internal-use software, and other assets, net of Acquisition related costs. ©2

  10. Slide 10: Share Repurchases

    Share Repurchases LTM SHARE REPURCHASES LTM SHARES REPURCHASED $1.4B 9M Q3 SHARE REPURCHASES Q3 SHARES REPURCHASED $325M 2.5M ©2026 Check Point Software Technologies Ltd. 10

  11. Slide 11: Financial Summary

    Financial Summary Continued Strong Decline in Strong Demand for Revenues from Adjusted Free Email Security, Firewall Cash Flow CTEM and AI Appliances Security ©2026 Check Point Software Technologies Ltd. 11

  12. Slide 12: Business Outlook

    2 Business Outlook ©2026 Check Point Software Technologies Ltd. 12

  13. Slide 13: Business Outlook Q4 2026

    Business Outlook* Q4 2026 Total Revenues $720M - $770M Subscription Revenues $351M - $362M Non-GAAP EPS** $2.71 - $2.83 GAAP EPS 70 cents less Adjusted Free Cash Flow*** $260M - $290M * Based on information available to Check Point Software as of November 02, 2026. ** Non-GAAP excludes equity-based

  14. Slide 14: Business Outlook FY2026

    Business Outlook* FY2026 FY2026 Updated Guidance Previous Guidance Total Revenues $2,732M - $2,782M $2,770M - $2,850M Subscription Revenues $1,345M - $1,356M $1,345M - $1,385M Non-GAAP EPS** $10.25 - $10.37 $10.05 - $10.85 GAAP EPS $2.74 less $2.75 less Adjusted Free Cash Flow*** $1,136M - $1,166M $

  15. Slide 15: Thank You!

    Thank You! ©2026 Check Point Software Technologies Ltd. 15

  16. Slide 16: GAAP to Non-GAAP Consolidated Statement of Income Reconciliation

    GAAP to Non-GAAP Consolidated Statement of Income Reconciliation ©2026 Check Point Software Technologies Ltd. 16

  17. Slide 17: GAAP to Non-GAAP Reconciliation of Net Cash Provided By Operating Activities to Adjusted Free Cash Flow

    GAAP to Non-GAAP reconciliation of Net Cash Provided By Operating Activities to Adjusted Free Cash Flow ©2026 Check Point Software Technologies Ltd. 17

  18. Slide 18: GAAP to Non-GAAP Consolidated Statement of Income Reconciliation

    GAAP to Non-GAAP Consolidated Statement of Income Reconciliation ©2026 Check Point Software Technologies Ltd. 18

  19. Slide 19: GAAP to Non-GAAP Reconciliation of Net Cash Provided By Operating Activities to Adjusted Free Cash Flow

    GAAP to Non-GAAP reconciliation of Net Cash Provided By Operating Activities to Adjusted Free Cash Flow ©2026 Check Point Software Technologies Ltd. 19

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