Check Point Reports 5 Percent Revenue Growth in Q1 2026

Check Point Software Technologies Ltd. announced in a press release its financial results for the first quarter of 2026, reporting total revenue of 668 million dollars, a 5 percent increase compared to the same period last year. Security subscription revenue grew 11 percent to 323 million dollars.

GAAP operating income reached 185 million dollars, representing 28 percent of total revenue, while non-GAAP operating income was 265 million dollars, or 40 percent of revenue. GAAP earnings per share rose 5 percent to 1.81 dollars, and non-GAAP earnings per share increased 13 percent to 2.50 dollars.

Cash flow from operations was 445 million dollars, up 6 percent year over year, and adjusted free cash flow was 457 million dollars, an 11 percent increase. The company reported cash and marketable securities of 4.38 billion dollars as of March 31, 2026, largely due to proceeds from a 2 billion dollar convertible senior notes offering. During the quarter, Check Point completed the acquisitions of Cyata and Cyclops for approximately 92 million dollars in net cash and repurchased about 1.9 million shares for 325 million dollars.

The company also announced a leadership change. Sherif Seddik will become Chief Revenue Officer effective May 1, 2026, succeeding Itai Greenberg. Seddik has served as President of International Sales since 2023.

A new Israeli law enacted on March 31, 2026, introduced tax incentives for research and development activities, allowing eligible companies to receive credits or grants for qualifying expenses.