16 slides from Check Point Software Technologies's earnings presentation, Apr 30, 2026
Slide 1: First Quarter 2026 Financial Results
First Quarter 2026 Financial Results April 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: Financial Results
1 Financial Results ©2026 Check Point Software Technologies Ltd. 3
Slide 4: First Quarter 2026 Highlights
First Quarter 2026 Highlights Actual Guidance Y/Y % Total Revenues $668M $655M - $685M 5% Subscription Revenues $323M $318M - $328M 11% Adjusted Free Cash Flow* $457M $420M - $460M 11% Non-GAAP EPS** $2.50 $2.35 - $2.45 13% * Adjusted Free Cash Flow is defined as Cash provided by operating activitie
Slide 5: First Quarter 2026 Results
First Quarter 2026 Results Q1-25 Q1-26 Y/Y % Total Revenues $638M $668M 5% Deferred Revenues $1,915M $2,060M 8% Calculated Billings* $553M $548M -1% Current Calculated Billings** $556M $568M 2% Remaining Performance Obligation*** $2,424M $2,592M 7% * Calculated Billings is a measure that we defined
Slide 6: Lower Firewall Refresh Activity – Accelerated Subscription Growth
Lower Firewall Refresh Activity – Accelerated Subscription Growth -3% 15% +14% 14% -7% 12% 12% 11% 11% 10% 10% 10% 10% Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q1-24 Q1-25 Q1-26 Mid-Guidance* Product Revenues Trend Total Subscription Revenues Growth Re-Accelerating * Based on tota
Slide 7: Continued Strong Demand for Emerging Technologies
Continued Strong Demand for Emerging Technologies* Over 40% ARR** Growth Q1-25 Q1-26 Over 45% Calculated Billings*** Growth Y/Y * Includes SASE, Email Security and External Risk Management. Q1-25 Q1-26 ** ARR - Annualized Recurring Revenue. Annualized allocated revenue of all active contracts as of
Slide 8: Global Revenue Distribution
First Quarter 2026 Global Revenue Distribution Growth Across All GEO’s + Americas 42% + EMEA 46% + APAC 12% +6% +4% +2% Q1-25 Q1-26 Q1-25 Q1-26 Q1-25 Q1-26 ©2026 Check Point Software Technologies Ltd. 8
Slide 9: First Quarter 2026 Operating Performance
First Quarter 2026 Operating Performance Q1-25 Q1-26 Y/Y % Total Revenues $638M $668M 5% Gross Profit* $564M $586M 4% Operating Expenses, net* $305M $321M 5% Operating Income* $259M $265M 2% Non-GAAP Net Income* $246M $265M 8% Non-GAAP EPS* $2.21 $2.50 13% * Non-GAAP excludes equity-based compensati
Slide 10: Cash Flow & Cash Position
First Quarter 2026 Cash Flow & Cash Position $457 Million $92 Million Adjusted Free Cash Flow* Net Cash Consideration for Cyclops Strong with +11% Growth & Cyata Acquisitions $4.4 Billion $325 Million Cash, Marketable Securities & Short-Term Deposits Q1 Share Repurchase * Adjusted Free Cash Flow is
Slide 11: Financial Summary
Financial Summary Double-Digit Growth: Strong Demand For Lower Firewall Refresh - Non-GAAP EPS Emerging Technologies Activity - Adjusted Free Cash Flow ©2026 Check Point Software Technologies Ltd. 11
Slide 12: Business Outlook
2 Business Outlook ©2026 Check Point Software Technologies Ltd. 12
Slide 13: Business Outlook
Business Outlook* Q2 2026 Total Revenues $660M - $690M Subscription Revenues $328M - $338M Non-GAAP EPS** $2.40 - $2.50 GAAP EPS 70 cents less Adjusted Free Cash Flow $145M - $175M * Based on information available to Check Point Software as of April 30, 2026, we are not able, at this time, to provid
Slide 14: Updated Full Year Business Outlook
Updated Full Year Business Outlook* 4 FY2026 Original FY2026 Updated Comments Lower Revenues from Firewall Total Revenues $2,830M-$2,950M $2,770M-$2,850M Appliances Subscription Revenues $1,345M-$1,385M $1,345M-$1,385M Same Non-GAAP EPS** $10.05 - $10.85 $10.05 - $10.85 Same GAAP EPS $2.58 less $2.7
Slide 15: Thank You!
Thank You! ©2026 Check Point Software Technologies Ltd. 15
Slide 16: 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. 16