Key Highlights

  • Check Point's third-quarter 2026 Revenue came in at $670 million, a 1% decline, while subscriptions advanced 11%.
  • Calix generated a record $301.7 million in revenue, a 13.7% increase on a calculated basis.
  • Harmonic's $148.8 million of revenue rose 64%, and the company lifted its full-year view.
  • Fabrinet's fiscal first-quarter revenue hit a record $1,474.5 million, climbing 51%.
  • Adeia brought its 2026 revenue range down to $375 million through $415 million.

Five Networking and Security Names Report, Spanning a Slight Dip to a 64% Surge

Five companies in networking, security and adjacent technology released results on Nov 2, 2026, with revenue changes running from a small decrease to growth above 60%. Fiscal endpoints differ, with Calix's period ending Sep 26, Harmonic's on Oct 2 and Fabrinet's on Sep 25, all in 2026.

Third-quarter revenue at Check Point Software Technologies (NASDAQ:CHKP) totaled $670 million, a 1% drop, while GAAP Earnings reached $185 million. Calix (NYSE:CALX) hit a record $301.7 million of revenue, with $10.2 million of GAAP net income. For Harmonic (NASDAQ:HLIT), revenue of $148.8 million represented a 64% gain; no dollar Net Income figure appears in its filings.

Fabrinet (NYSE:FN) posted a record $1,474.5 million for fiscal Q1 2027, climbing 51%, and $103.5 million of GAAP net income. Revenue at Adeia (NASDAQ:ADEA) came to $80.2 million, down an estimated 8.2%, and its GAAP profit was $2.3 million. Adeia's core Business is Patent licensing, which fits the security theme less neatly than the others do.

Check Point: Subscription Momentum Tempers a Dip in Product Sales

Check Point's revenue of $670 million was 1% lower and landed at the midpoint of its own forecast, with fewer firewall appliance refresh projects a drag. Subscription income grew 11% to $339 million, roughly 51% of all revenue. Email security, exposure management and AI security combined to push annual Recurring Revenue up more than 38%, according to management.

Gross Margin stood at 87%, a level management linked to pricier memory components. GAAP net income reached $185 million, or $1.82 per share, while non-GAAP EPS came in at $2.49. Over the period the company bought back 2.5 million shares at a total cost of $325 million.

Revenue for the coming quarter should fall between $720 million and $770 million, while the full year is pegged at a range from $2.732 billion up to $2.782 billion. Leadership said the recovery will be slower than originally expected. The company's exchange listing is absent from the source files, so it remains unverified.

Calix: Surcharges Only Partly Cushion Rising Memory Costs at the Appliance Line

Calix posted a record $301.7 million of revenue, which rose 13.7% (calculated) relative to $265.4 million in the quarter ending Sep 26, 2026. The software-and-services line climbed 19% to a record $51.9 million; appliances, also at a high, reached $249.8 million.

Non-GAAP gross margin landed at 53.5%, 420 basis points lower than a year before, and appliance margin declined to 50.7% from 56.2%. Leadership blamed an industry-wide surge in memory prices linked to AI Data Center demand, which customer surcharges only partially offset. GAAP net income came to $10.2 million, down from $15.7 million.

Calix bought back 1.4 million shares for $50.0 million, and in October 2026 its board expanded the authorization by $100 million. Fourth-quarter revenue is projected between $311 million and $317 million, which would translate to full-year growth of about 19% at the midpoint.

Harmonic: Revenue Beats Its Own Range as the Video Unit Exits

Harmonic's continuing-operations revenue was $148.8 million against $90.5 million, beating its own guided band of $125 million to $135 million. Non-GAAP EPS of $0.23 beat the $0.07 prior figure, and GAAP EPS stood at $0.16. Harmonic divested its video operation in June 2026, leaving a single broadband reporting segment.

Revenue from customers beyond the two biggest rose 101%, and now accounts for 46% of sales. Customer concentration remains elevated, as four buyers each represent more than 10% of revenue. Free Cash Flow came in at negative $5.1 million because inventory expanded by $28.3 million.

Harmonic's 2026 top-line expectation now runs $545 million to $555 million, above the previous $505 million to $525 million band. The quarter ahead should bring $141 million to $151 million, and closing touches on the video divestiture are slated for early 2027.

Fabrinet: Data Center Demand Pushes Growth to a Decade High, Though Cash Flow Turns Negative

Fabrinet's revenue reached a record $1,474.5 million in the quarter ended Sep 25, 2026, rising from $978.1 million. Management described the pace as the quickest expansion in ten years. Data center sales jumped 78% to $777 million, making up 53% of revenue, while communications infrastructure grew 35% to $444 million.

On a GAAP basis, Fabrinet earned $2.86 per share, or $103.5 million in total, while its non-GAAP profit came to $157.4 million, which is $4.34 per share. The gap traces back to a $19.9 million charge for taxes under the global minimum regime, alongside a $21.5 million paper loss from marking a minority holding to a new value.

Spending on Capital Assets reached $158.7 million, which left free cash flow at minus $137.4 million. For the second quarter, revenue guidance sits between $1.6 billion and $1.65 billion. Separately, the repurchase authorization was enlarged by $103.0 million, lifting it to $637.3 million overall.

Adeia: Timing of Large Licensing Deals Shapes a Narrower 2026 Revenue Outlook

Adeia's Top Line was $80.2 million, trailing the $87.3 million of the prior-year period and the $96.1 million recorded in Q2. Eight licensing contracts were concluded, with four involving first-time customers. On a GAAP basis, earnings came to $2.3 million, or $0.02 a share, compared with $8.8 million, and the adjusted EBITDA total reached $36.9 million.

Adeia's full-year 2026 revenue band was narrowed, moving to $375 million through $415 million from an earlier $395 million through $435 million. Leadership explained that several large, legally intricate transactions might move past year-end, though it continues to aim for the top of the revised range.

The board set a $0.05 quarterly dividend, paid on Dec 14, 2026 to those on the books as of Nov 23, 2026. Leadership has changed hands: a chief executive with a chip industry background is now in place, and the term Loan stands at $386.5 million.

Peer Growth Spread: Harmonic's Gain Against Adeia's Contraction

The range of results stretches between Harmonic's 64% and Adeia's minus 8.2%, a 72.2-point gap (calculated). The average of the five growth rates was roughly 23.9% (calculated), pushed higher by Harmonic and Fabrinet.

Aggregate revenue came to about $2.68 billion (calculated), with Fabrinet responsible for about 55% (calculated). Check Point's 87% gross margin sits about 74.9 points over Fabrinet's non-GAAP 12.1% (calculated), a gap that reflects software Economics set against contract manufacturing.

The comparison is imperfect: each company's quarter ends on a different date, Fabrinet reports a fiscal first quarter, and margin figures blend GAAP and non-GAAP bases. Harmonic's net income is unavailable, so no combined profit figure is provided.

What to Watch Next: Las Vegas Event on Feb 10, Adeia's Payout and Fabrinet's Building 10 Milestone

A Capital Markets Day for Check Point is set for Feb 10 in Las Vegas, and the company targets subscription revenue of more than $1.5 billion in 2027, though its article leaves the event year unstated. Adeia's payout arrives Dec 14, 2026, for shareholders recorded on Nov 23, 2026.

Fabrinet expects its second quarter to close on Dec 25, 2026, and it anticipates finishing Building 10 in January, with Building 11 construction following. Calix's fourth quarter closes on Dec 31, 2026.

Closing adjustments for Harmonic's video divestiture are on the horizon for early 2027. Beyond its fourth-quarter period end, Calix's materials cite no specific date.