Jun 2026 (Q2 FY26) — Jul 30, 2026
Check Point Q2 FY26 — AI Network Firewall Launch & Sales Capacity Expansion
Read the full callCheck Point (CHKP) earnings
- Dec 2025
- Jun 2026 (Q2 FY26)
- Dec 2025
Check Point earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 745 | Quarterly, as filed | Quarter to Dec 2025 | Revenue from operations as filed. No quarter a year earlier is in the series, so no change is shown. | |
| Operating margin | 31.3 | Operating profit / revenue | Quarter to Dec 2025 | For the quarter; a change is in percentage points. No quarter a year earlier is in the series, so no change is shown. | |
| Net profit | 305 | Quarterly, as filed | Quarter to Dec 2025 | Profit after tax as filed. No quarter a year earlier is in the series, so no change is shown. |
Guidance
What management said, and what became of it
26 of 27 judged targets kept · 32 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted Free Cash Flow | $145 million to $175 million | Mar 2026 | Our adjusted free cash flow reached $161 million, $1 million above the midpoint of our projection and represents 24% of our revenues. | Achieved |
| Adjusted Free Cash Flow | $235 million to $265 million | Jun 2026 | our adjusted free cash flow is expected to be between $235 million to $265 million. | New |
| Quantum firewall price increase | 5% | Sep 2025 | Ghosted |
1 of CHECK POINT SOFTWARE TECHNOLOGIES LTD's 59 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 56 more targets are in the full ledger.
Claimed
- Non-GAAP EPS reached $2.55, exceeding guidance and growing 8% year-over-year.
- Subscription revenues grew 12% year-over-year to $333 million, meeting midpoint projections.
- Adjusted free cash flow reached $161 million, $1 million above projections and representing 24% of revenues.
- The company launched the industry's first AI network firewall, integrating it into the AI Defense plane.
- Check Point is significantly expanding sales capacity by hiring hundreds of additional salespeople, reflecting confidence in long-term growth.
Qualified
- Total revenues grew only 1% to $674 million, $1 million below the midpoint of projections.
- Product revenues declined by 14% in Q2 and are expected to see similar trends in Q3.
- Q3 is expected to mark a trough, with significant deals being pushed from Q3 to Q4 due to seasonality and internal factors.
- The implied Q4 revenue target of approximately $800 million represents a record quarter, requiring strong execution.
- Higher memory costs contributed to a slight decrease in gross margin to 87%.
Price
$138.93 +0.77% · +$1.06
Performance −27.1% 1Y
1Y: $190.65 on 17 Oct 2025 → $138.93. High $204.39 (11 Nov 2025), low $112.47 (30 Apr 2026).
- Previous close
- $137.87
- 52-week range
- $112.47 – $204.39
- One year
- −28.07%
Overview
- Symbol
- CHKP
- Sector
- Information Technology
- Industry
- Services-Prepackaged Software
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
26 of 27 judged targets kept · 32 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted Free Cash Flow | $145 million to $175 million | Mar 2026 | Our adjusted free cash flow reached $161 million, $1 million above the midpoint of our projection and represents 24% of our revenues. | Achieved |
| Adjusted Free Cash Flow | $235 million to $265 million | Jun 2026 | our adjusted free cash flow is expected to be between $235 million to $265 million. | New |
| Quantum firewall price increase | 5% | Sep 2025 | Ghosted |
Claimed
- Non-GAAP EPS reached $2.55, exceeding guidance and growing 8% year-over-year.
- Subscription revenues grew 12% year-over-year to $333 million, meeting midpoint projections.
- Adjusted free cash flow reached $161 million, $1 million above projections and representing 24% of revenues.
- The company launched the industry's first AI network firewall, integrating it into the AI Defense plane.
- Check Point is significantly expanding sales capacity by hiring hundreds of additional salespeople, reflecting confidence in long-term growth.
Qualified
- Total revenues grew only 1% to $674 million, $1 million below the midpoint of projections.
- Product revenues declined by 14% in Q2 and are expected to see similar trends in Q3.
- Q3 is expected to mark a trough, with significant deals being pushed from Q3 to Q4 due to seasonality and internal factors.
- The implied Q4 revenue target of approximately $800 million represents a record quarter, requiring strong execution.
- Higher memory costs contributed to a slight decrease in gross margin to 87%.
The full ledger
Open CHECK POINT SOFTWARE TECHNOLOGIES LTD’s full ledger
A free account opens 5 company ledgers a month. All 59 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 30, 2026
Check Point Q1 FY26 — Go-to-Market Transition Impacts Product Revenue, Emerging Tech Drives Subscription Growth
Read the full callEvery analysed call
Check Point earnings calls (CHKP)
Financials
What the filings say
| Line item | Dec 2025 |
|---|---|
| Sales | 745 |
| Expenses | 512 |
| Operating profit | 233 |
| Operating margin | 31.3% |
| Profit before tax | 262 |
| Tax rate | −16.0% |
| Net profit | 305 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | 9,043 | 9,869 | 10,715 | 11,531 | 12,328 | 13,168 | 14,014 | 15,071 |
| Total liabilities | 2,056 | 2,196 | 2,373 | 2,643 | 2,796 | 2,875 | 2,965 | 4,924 |
| Fixed assets | 79 | 88 | 88 | 83 | 83 | 80 | 81 | 83 |
| Total assets | 5,828 | 5,765 | 5,839 | 5,900 | 5,725 | 5,696 | 5,755 | 7,806 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,144 | 1,104 | 1,161 | 1,204 | 1,099 | 1,038 | 1,052 | 1,199 |
| Cash from investing | -330 | 60 | -98 | -75 | -6 | 469 | -24 | -680 |
| Cash from financing | -755 | -1,189 | -1,086 | -1,112 | -1,168 | -1,165 | -1,060 | 752 |
| Net cash flow | 59 | -24 | -23 | 16 | -76 | 342 | -31 | 1,294 |
| Capital expenditure | -17 | -26 | -19 | -16 | -22 | -19 | -24 | -27 |
| Free cash flow | 1,126 | 1,078 | 1,142 | 1,188 | 1,076 | 1,019 | 1,028 | 1,173 |
Insider filings
28 filings between May 10, 2026 and Sep 2, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$12.22M
7 sales by 6 insiders
86% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 11
- Award — granted as compensation
- 2
- Tax withheld — shares kept back by the company to cover tax
Also filed: 5 other filings, 3 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Chelouche Yoav | — | $3.51M | Jun 2, 2026 |
| Shavit Shenhav Tal | — | $3.08M | Jun 11, 2026 |
| UNGERMAN JERRY T | — | $3.06M | Jun 11, 2026 |
| Seddik Sherif | — | $1.27M | Aug 4, 2026 |
| Golan Roei | — | $1.22M | Aug 3, 2026 |
| Kremer Nataly | — | $82.2K | Aug 3, 2026 |
Latest filings (28)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 2, 2026 | UNGERMAN JERRY T Director | Award | 1,120 | $0 |
| Sep 2, 2026 | Smith Jill D. Director | Award | 1,120 | $0 |
| Sep 2, 2026 | Gruber Dafna Director | Award | 1,120 | $0 |
| Sep 2, 2026 | Chelouche Yoav Director | Award | 1,120 | $0 |
| Sep 2, 2026 | Ozer-Armon Tzipi Director | Award | 1,120 | $0 |
| Sep 2, 2026 | Shavit Shenhav Tal Director | Award | 1,120 | $0 |
| Sep 2, 2026 | Zafrir Nadiv CEO | Award | 44,812 | $0 |
| Aug 27, 2026 | SHWED GIL Director | Gift | 5,000 | — |
| Aug 5, 2026 | SHWED GIL Director | Gift | 4,000 | — |
| Aug 4, 2026 | Seddik Sherif Chief Revenue Officer | Sale 10b5-1 plan | 10,272 | $1.27M |
| Aug 3, 2026 | Kremer Nataly Chief Product Officer | Sale | 665 | $82.2K |
| Aug 3, 2026 | Golan Roei Chief Financial Officer | Sale 10b5-1 plan | 409 | $50.5K |
| Aug 3, 2026 | Golan Roei Chief Financial Officer | Sale 10b5-1 plan | 9,451 | $1.17M |
| Jul 31, 2026 | Golan Roei Chief Financial Officer | Other 10b5-1 plan | 409 | $44.2K |
| Jul 31, 2026 | Kremer Nataly Chief Product Officer | Other | 665 | $71.9K |
| Jul 31, 2026 | Zafrir Nadiv CEO | Other | 956 | $103.3K |
| Jul 31, 2026 | SHWED GIL Director | Other | 17 | $1.8K |
| Jul 31, 2026 | Seddik Sherif Chief Revenue Officer | Other | 801 | $86.6K |
| Jul 27, 2026 | Golan Roei Chief Financial Officer | Award | 282 | — |
| Jul 10, 2026 | Seddik Sherif Chief Revenue Officer | Award | 6,147 | $0 |
| Jul 10, 2026 | Seddik Sherif Chief Revenue Officer | Tax withheld | 770 | $101.4K |
| Jul 10, 2026 | Seddik Sherif Chief Revenue Officer | Tax withheld | 1,536 | $202.3K |
| Jun 11, 2026 | Shavit Shenhav Tal Director | Sale 10b5-1 plan | 25,000 | $3.08M |
| Jun 11, 2026 | UNGERMAN JERRY T Director | Sale 10b5-1 plan | 25,000 | $3.06M |
| Jun 2, 2026 | Chelouche Yoav Director | Sale 10b5-1 plan | 25,000 | $3.51M |
| May 26, 2026 | SHWED GIL Director | Gift | 3,000 | — |
| May 10, 2026 | Golan Roei Chief Financial Officer | Award | 658 | — |
| May 10, 2026 | Kremer Nataly Chief Product Officer | Award | 658 | — |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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