Check Point Software Technologies Ltd. (NASDAQ:CHKP) released its third-quarter 2026 financial results on November 2, 2026, covering the quarter ended September 30, 2026.

Key Highlights

  • Total revenues: $670 million, a 1 percent decrease year over year.
  • Security subscriptions revenues: $339 million, an 11 percent increase year over year.
  • Non-GAAP EPS: $2.49, compared to $3.94 in Q3 2025; excluding a one-time prior-year tax benefit, Non-GAAP EPS increased 1 percent year over year.
  • Cash flow from operations: $264 million, representing 39 percent of total revenues.
  • Cash balances, marketable securities, and short-term deposits: $4,123 million as of September 30, 2026, compared to $2,817 million as of September 30, 2025.
  • Share repurchases: Approximately 2.5 million shares repurchased during Q3 2026 for a total of approximately $325 million.
  • R&D grant: A $25 million reduction in research and development expenses recognized under Israel's new R&D tax incentive program.

Check Point Q3 2026 Results: Subscription Growth Offsets Overall Revenue Decline

According to the filing, Check Point reported total revenues of $670 million for the third quarter of 2026, a 1 percent decline compared to the same quarter a year earlier. Security subscriptions revenues, however, grew 11 percent year over year to $339 million. The company's Remaining Performance Obligation stood at $2.5 billion, a 5 percent increase year over year, reflecting the total value of non-cancellable contracted products and services not yet recognized as revenue as of September 30, 2026.

On earnings, the filing disclosed GAAP EPS of $1.82 and Non-GAAP EPS of $2.49 for the quarter, compared to $3.28 and $3.94, respectively, in Q3 2025. The company attributed the year-over-year EPS decline largely to a one-time tax benefit of approximately $1.47 per share recognized in Q3 2025 following a tax settlement. Excluding that prior-year benefit, both GAAP and Non-GAAP EPS increased 1 percent year over year, according to the filing. GAAP operating income was $177 million, or 26 percent of total revenues, while Non-GAAP operating income was $251 million, or 37 percent of total revenues.

The filing noted that cash balances, marketable securities, and short-term deposits rose to $4,123 million from $2,817 million a year earlier, with the increase attributed primarily to approximately $1.8 billion in net proceeds from a $2 billion convertible senior notes offering. During Q3 2026, the company also recognized a $25 million reduction in R&D expenses under a new Israeli R&D tax incentive program enacted on March 30, 2026. CEO Nadav Zafrir stated in the release that "revenues reached a trough in the third quarter" and that the company expects "gradual improvement beginning in the fourth quarter," characterizing these as forward-looking statements subject to risks and uncertainties outlined in the company's regulatory filings.

What Was Disclosed

Check Point disclosed its Q3 2026 financial results, including a 1 percent revenue decline to $670 million, an 11 percent rise in security subscriptions revenues to $339 million, Non-GAAP EPS of $2.49, operating cash flow of $264 million, and approximately $325 million in share repurchases during the quarter.