What does Check Point Software do and what are its main business segments?

Did Check Point Software beat or miss consensus estimates last quarter?

What were the key takeaways from Check Point Software's earnings call?

What guidance did Check Point Software's management provide for the next earnings period?

What is the market's earnings forecast for Check Point Software next quarter?

What is Check Point Software's latest dividend and current dividend yield?

What is the revenue and EPS growth rate for Check Point Software year over year?

What were the key takeaways from Check Point Software’s earnings call?

- **Revenue & Billings Growth**: Q3 revenue $678M (+7%), calculated billings $672M (+20% YoY), services billings $642M (+14%). 
- **AI & Cybersecurity Leadership**: Acquired Lakera for AI model defense, Veriti for open platform integration; SASE ARR +40%. 
- **Financial Strength**: Non-GAAP EPS $3.94, operating cash flow $241M, $2.8B total cash. 
- **2026 Outlook**: FY2025 guidance raised to $2.725B; 2026 FX headwind $50M-$60M, Lakera margin impact. 
- **Strategic Focus**: Open platform, hybrid mesh, and enterprise AI security adoption.

**【CEO Summary Section】**
- Delivered strong Q3 with 20% year-over-year growth in calculated billings, driven by AI adoption and strategic acquisitions (Lakera, Veriti). 
- Emphasized 4 core cybersecurity principles: connectivity fabric, prevention-first, open platform, and securing AI. 
- Announced FedRAMP authorization for Infinity platform and key leadership hires (Rachel Roberts, Avi Rembaum, Brett Theiss). 
- Highlighted SASE ARR growth >40% and plans to accelerate enterprise AI security adoption.

**【CFO Financial Commentary】**
- Q3 revenue: $678M (+7% YoY), non-GAAP EPS: $3.94 (exceeds guidance). 
- Deferred revenue: $1.887B (+8%), remaining performance obligation: $2.4B (+9%). 
- Services billings: $642M (+14%), emerging tech ARR: >40% growth. 
- FX headwind: ~$0.06/Q4, Lakera acquisition: 0.5pt margin impact. 
- Q4 guidance: $724M-$764M (midpoint +6%), FY2025: $2.725B (+6%). 
- Operating cash flow: $241M, buybacks: $325M, total cash: $2.8B.

**【Q&A Highlights】**
- **Growth Sustainability**: CEO sees 2026 trajectory with disciplined investments; CFO notes 20%+ billings growth not repeatable but sustainable. 
- **Hardware Refresh**: Q4 heavy on large deals, 6-7% product revenue growth expected. 
- **AI Security**: Lakera already trusted by Fortune 500; $50M-$60M FX impact on 2026 margins. 
- **Go-to-Market**: New leadership to focus on Americas, enterprise upsell, and workspace security. 
- **Subscription Pricing**: 5% firewall price increase effective 1/1/2026, no material Q3 impact.

Check Point Software Technologies Ltd. (CHKP) Q3 2025 Earnings Call Transcript

Revenue

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CHKP

CHKP fundamentals

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