20 slides from Check Point Software Technologies's earnings presentation, Jul 30, 2026
Slide 1: Second Quarter 2026 Financial Results
Second Quarter 2026 Financial Results July 30, 2026 Nadav Zafrir Roei Golan Kip E. Meintzer CEO CFO Global Head of IR ©2026 Check Point Software Technologies Ltd. 1
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
Slide 3: Introducing the First AI Network Firewall
INTRODUCING THE FIRST AI NETWORK FIREWALL
Slide 4: The First Network AI Firewall
The First Network AI Firewall Employees LLM PERIMETER, Agents INTERNET AI Chats DATA CENTER & CLOUD Applications FIREWALL / Gen AI Apps CLOUD FIREWALL Local Tools Public Tools Discover AI apps, AI agents, and tools Control access to safe apps and tools Protect sensitive data, based on prompt use-cas
Slide 5: Bringing Check Point's AI Defense Plane to Your Firewall
Bringing Check Point’s AI Defense Plane to Your Firewall Tool / Unsafe Rogue Privilege Abuse Autonomy Agents Prompt Harmful Data Shadow Al Sensitive Data Injection Outputs Exfiltration Usage Pastes Leakage Protect Govern Discover AI Defense Plane
Slide 6: Financial Results
1 Financial Results ©2026 Check Point Software Technologies Ltd. 6
Slide 7: Second Quarter 2026 Highlights
Second Quarter 2026 Highlights Actual Guidance Y/Y % Total Revenues $674M $660M - $690M 1% Subscription Revenues $333M $328M - $338M 12% Non-GAAP EPS* $2.55 $2.40 - $2.50 8% Adjusted Free Cash Flow** $161M $145M - $175M * Non-GAAP excludes equity-based compensation charges, amortization of acquired
Slide 8: Second Quarter 2026 Results
Second Quarter 2026 Results Q2-25 Q2-26 Y/Y % Total Revenues $665M $674M 1% Deferred Revenues $1,893M $2,025M 7% Calculated Billings* $642M $639M - Current Calculated Billings** $628M $641M 2% Remaining Performance Obligation*** $2,386M $2,552M 7% * Calculated Billings is a measure that we defined a
Slide 9: Revenues Growth Driven By Subscription Offset By Lower Demand for Firewall Appliances
Revenues Growth Driven By Subscription Offset By Lower Demand for Firewall Appliances Product Revenues Y/Y Trend Total Subscription Revenues Growth Accelerating ©2026 Check Point Software Technologies Ltd. 9
Slide 10: Continued Strong Demand for Emerging Technologies
Continued Strong Demand for Emerging Technologies* Over 40% ARR** Growth Q2-25 Q2-26 Over 35% Calculated Billings*** Growth Y/Y * Includes AI Security, Email Security and CTEM. Q2-25 Q2-26 ** ARR - Annualized Recurring Revenue. Annualized allocated revenue of all active contracts as of the final day
Slide 11: Global Revenue Distribution
Global Revenue Distribution Q2 2025 Q2 2026 12% 12% APAC APAC 45% 44% EMEA EMEA 43% Americas 44% Americas ©2026 Check Point Software Technologies Ltd. 11
Slide 12: Second Quarter 2026 Operating Performance
Second Quarter 2026 Operating Performance Q2-25 Q2-26 Total Revenues $665M $674M Gross Profit* $585M $588M Operating Expenses, net* $314M $328M Operating Income* $271M $260M Net Income* $261M $264M EPS* $2.37 $2.55 * Non-GAAP excludes equity-based compensation charges, amortization of acquired intan
Slide 13: Second Quarter 2026 Cash Flow & Cash Position
Second Quarter 2026 Cash Flow & Cash Position $161 Million Adjusted Free Cash Flow* $325 Million Q2 Share Repurchase $4.2 Billion Cash, Marketable Securities & Short-Term Deposits * Adjusted Free Cash Flow is defined as Net Cash provided by operating activities less purchases of property, equipment,
Slide 14: Financial Summary
Financial Summary Firewall Appliance Strong Demand for Lower Demand Emerging Technologies Expecting Improved Performance in H2-26 ©2026 Check Point Software Technologies Ltd. 14
Slide 15: Business Outlook
2 Business Outlook ©2026 Check Point Software Technologies Ltd. 15
Slide 16: Business Outlook - Maintaining FY2026 Guidance
Business Outlook* - Maintaining FY2026 Guidance FY2026 Total Revenues $2,770M - $2,850M Subscription Revenues $1,345M - $1,385M Non-GAAP EPS** $10.05 - $10.85 GAAP EPS $2.75 less Adjusted Free Cash Flow*** $1,150M - $1,250M * Based on information available to Check Point Software as of July 30, 2026
Slide 17: Business Outlook Q3 2026
Business Outlook* Q3 2026 Total Revenues $655M - $685M Subscription Revenues $332M - $343M Non-GAAP EPS** $2.43 - $2.53 GAAP EPS 70 cents less Adjusted Free Cash Flow*** $235M - $265M * Based on information available to Check Point Software as of July 30, 2026. ** Non-GAAP excludes equity-based comp
Slide 18: Thank You!
Thank You! ©2026 Check Point Software Technologies Ltd. 18
Slide 19: GAAP to Non-GAAP Consolidated Statement of Income Reconciliation
GAAP to Non-GAAP Consolidated Statement of Income Reconciliation GAAP to Non-GAAP reconciliation of Net Cash Provided By Operating Activities to Adjusted Free Cash Flow ©2026 Check Point Software Technologies Ltd. 19
Slide 20: GAAP to Non-GAAP Consolidated Statement of Income Reconciliation
GAAP to Non-GAAP Consolidated Statement of Income Reconciliation GAAP to Non-GAAP reconciliation of Net Cash Provided By Operating Activities to Adjusted Free Cash Flow ©2026 Check Point Software Technologies Ltd. 20