Check Point Software Technologies Reports Q2 Earnings and Launches New AI Product
Check Point Software Technologies reported second-quarter results in line with expectations, with total revenue rising 1% year over year to $674 million. Subscription revenue grew by 12%, reaching the midpoint of guidance at $333 million, while product revenue declined due to weaker demand for firewall appliances. Non-GAAP earnings per share increased 8% to $2.55 and exceeded forecasts. The company introduced an AI Network Firewall as part of its AI Defense Plane initiative, aimed at monitoring prompts, agent actions, and model interactions across various environments. Management maintained the full-year revenue outlook despite a back-end-loaded second half, citing stronger fourth-quarter pipeline expectations. Additionally, Check Point plans to hire 300 go-to-market employees for growth in 2027 and expanded its share repurchase authorization by $2 billion. Emerging technology segments such as email security, continuous threat exposure management (CTEM), and AI security contributed over 40% of annual recurring revenue growth. Deferred revenue increased to $2.025 billion, with calculated billings remaining stable at around $639 million.
Tickers: $CHKP
Topics: cybersecurity revenue_growth software subscription_model