Check Point Software Technologies LtdCHKP
Scheduled
Check Point Software Technologies Ltd The KeyBanc Technology Leadership Forum 2026
Review the key takeaways and the transcript of this earnings call.
Period 2026
Key takeaways
- Check Point experienced some disruption in the first half of the year due to go-to-market changes but expects improvement in the second half, with Q3 viewed as a trough and Q4 expected to be strong.
- The company is focusing on large customers with dedicated account managers and has introduced multi-year contracts for hunters to better penetrate new accounts.
- Subscription revenue growth decelerated slightly this quarter, with attached services under pressure and unattached subscriptions growing, representing about 30% of the subscription line.
- The AI Network Firewall was launched and is available today as a software upgrade or new hardware purchase, positioned as differentiated in the market with capabilities to address AI-related threats.
- Check Point’s C10 product, including virtual patching for over 70 competitors’ products, is the fastest growing product and aligns with market needs for addressing software supply chain risks.
- The company plans to hire about 150 net new employees by year-end and is preparing for increased AI-related security spending in 2027.
- Check Point is pursuing an open garden platform strategy, allowing integration with competitors’ products and aiming to make customers safer.
- Recent M&A activity has focused on smaller acquisitions that make sense strategically, with openness to larger deals if they contribute meaningfully to growth.
- The company sees potential for accelerated refresh cycles driven by AI adoption and capacity constraints in networks.
- Maestro is highlighted as a unique product for high-end markets, with strong customer interest though limited Wall Street attention.
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