Israel's Check Point Q1 revenue slightly misses estimates as product sales weigh

Check Point Software Technologies

30/04/2026 10:10

Overview

Israel cybersecurity platform's Q1 revenue grew 5% yr/yr, slightly missing analyst expectations

Adjusted EPS for Q1 rose 13%, beating analyst expectations

Company repurchased $325 mln in shares and completed two acquisitions in Q1

Outlook

Company did not provide specific financial guidance for upcoming quarters or full year

Result Drivers

SECURITY SUBSCRIPTIONS - Security subscriptions revenue rose 11% yr/yr, driven by demand for emerging technologies including email security, exposure management, and SASE

GO-TO-MARKET CHANGES - Product revenue was negatively impacted by go-to-market changes at the start of the qtr, creating near-term headwinds in the security appliance business

R&D GRANTS - Q1 included a $27 mln benefit from Israeli R&D grants, reducing research and development expenses

Company press release: ID:nPn6F4KTxa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Miss*
$668 mln
$672.53 mln (33 Analysts)
Q1 Adjusted EPS
Beat
$2.50
$2.40 (33 Analysts)
Q1 EPS
$1.81


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 23 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Check Point Software Technologies Ltd is $193.44, about 38.2% above its April 29 closing price of $139.96

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 18 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)