Description
Check Point Software Technologies’ Hidden Catalyst: CTEM & Email Security ARR Is Growing 40%+
Check Point Software Technologies reported second-quarter 2026 financial results that aligned broadly with prior expectations, reflecting a mix of steady subscription growth and weakness in hardware appliance sales. Total revenues were $674 million, showing a modest 1% year-over-year increase, driven by a 12% increase in subscription revenues to $333 million. Meanwhile, product revenues declined by 14%, impacted primarily by reduced demand for firewall appliances, a trend the company expects to continue through the third quarter before rebounding in the fourth quarter. The company’s deferred revenues grew 7% to $2.025 billion, and Remaining Performance Obligations increased by 7% to $2.55 billion, indicating healthy backlog and future revenue visibility. Calculated billings remained flat year-over-year, with a slight 2% increase in current calculated billings. Adjusted free cash flow was $161 million, equivalent to 24% of revenues, supported by continued share repurchases—approximately 2.
