Check Point ended the third quarter of 2026 with revenue of $670 million, down 1.1% from a year earlier and slightly below the $672 million analysts expected, Globes reports. The results were within the company's guidance, but the stock fell 10.59% in premarket trading on Wall Street.
Non-GAAP earnings per share were $2.49, in line with forecasts. GAAP net profit was $185 million and non-GAAP net profit $254 million, both down from last year. The company holds $4.1 billion in cash. Revenue from security subscriptions grew 11%, driven by demand for email security, CTEM and AI.
CEO Nadav Zafrir said the company believes revenue bottomed out in the third quarter and expects gradual improvement from the fourth. "The recovery is taking longer than expected," he said. The stock is down 18% year to date, and the company's market cap on Nasdaq is $15.5 billion.