Check Point Software reported third-quarter 2026 revenue of $670 million, a 1 percent decrease year over year, while security subscriptions revenue rose 11 percent to $339 million.
The firewall and security platform vendor published its results on 2 November for the quarter ended 30 September. Remaining performance obligation reached $2.5 billion, up 5 percent. GAAP operating income was $177 million, or 26 percent of revenue, and cash flow from operations was $264 million. GAAP EPS of $1.82 fell 45 percent, which the company attributes to a one-time tax benefit in the same quarter of 2025; excluding it, GAAP EPS rose 1 percent. Check Point repurchased about 2.5 million shares for roughly $325 million in the quarter.
CEO Nadav Zafrir said subscription growth was “supported by strong demand for Email, CTEM, and AI Security,” and added: “We believe revenues reached a trough in the third quarter, and we expect gradual improvement beginning in the fourth quarter.”
In our reading, the split between flat total revenue and double-digit subscription growth is the number security buyers should watch, because it shows where a network security vendor expects to earn its next dollar: recurring services layered on the gateway estate. For customers, that usually means more of the roadmap arrives as add-on subscriptions, which belong in renewal planning alongside the hardware refresh. The same report names CTEM, the exposure management category, as a demand driver. Our coverage of Check Point’s recent VPN flaw fixes and a privilege flaw on its servers covers the product side.
