PANW · Technology

Palo Alto Networks Inc

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window

News · 2026-09-23

• Product Launch and TransitionImportance 34 · Surprise 42
  Palo Alto Networks launched Unit 42 Continuous Frontier AI Defense, a worldwide annual subscription for continuous AI-based offensive security testing. The service uses models from Anthropic and OpenAI to automate…
• AI Security Platform ExpansionImportance 34 · Surprise 42
  Palo Alto Networks launched Unit 42 Continuous Frontier AI Defense, a worldwide annual-subscription service for continuous offensive security testing. The offering uses Anthropic and OpenAI models and is intended to…
• AI Security Product GrowthImportance 26 · Surprise 24
  Prisma AIRS exceeded $100 million in annual recurring revenue, indicating substantial adoption of Palo Alto Networks’ AI-security product. Rapid customer adoption points to growing enterprise demand for tools that…

News · 2026-09-22

• AI Security Product LaunchImportance 31 · Surprise 42
  Palo Alto Networks launched Unit 42 Continuous Frontier AI Defense, a subscription cybersecurity service that continuously tests enterprise systems for vulnerabilities and provides remediation guidance. The service…

News · 2026-09-21

• Market Demand TrendsImportance 20 · Surprise 24
  Morgan Stanley expects AI adoption to increase cybersecurity spending and create opportunities for Palo Alto Networks to gain market share. The firm forecasts the global cybersecurity software market will reach $300…

News · 2026-09-20

• Revenue Performance and MixImportance 69 · Surprise 64
  Palo Alto Networks reported 34% year-over-year revenue growth in its fiscal Q4 2026 results. Next-Generation Security ARR increased 63% year over year during the quarter. The reported ARR growth indicates increased…

News · 2026-09-18

• Market Demand TrendsImportance 20 · Surprise 24
  AI-related security concerns are driving increased efforts by companies to protect infrastructure against AI-powered threats. Palo Alto Networks is identified alongside CrowdStrike and Okta as a beneficiary of stronger…

News · 2026-09-17

• SASE Revenue GrowthImportance 46 · Surprise 56
  Palo Alto Networks’ SASE bookings increased 40% in fiscal 2026. The growth was attributed to platform consolidation and rising AI traffic. The SASE expansion positions Palo Alto Networks to compete more directly with…
• SASE Demand TrendsImportance 40 · Surprise 56
  Palo Alto Networks' SASE bookings increased 40% in fiscal 2026, exceeding the 10% year-over-year materiality threshold. The growth is attributed to platform consolidation and rising AI traffic. The trend could…
• Geographic Revenue PerformanceImportance 10 · Surprise 6
  The Americas generated 67.3% of Palo Alto Networks’ revenue. Europe, the Middle East and Africa contributed 20.8% of revenue. Asia/Pacific accounted for the remaining 11.9%, indicating a substantial concentration in…

News · 2026-09-16

• Products and TechnologyImportance 30 · Surprise 42
  Gonen Fink is stepping down after a decade at Palo Alto Networks. He most recently led Cortex and Cloud Products and oversaw development of Cortex XDR and XSIAM. Danny Cohen and Peretz Regev will jointly lead the…
• Israel R&D Leadership TransitionImportance 30 · Surprise 42
  Gonen Fink is stepping down from Palo Alto Networks after approximately 10 years with the company, effective September 16, 2026. He most recently served as EVP of Cortex and Cloud Products and led the company’s Israel…
• Competition and Market ShareImportance 17 · Surprise 24
  Gartner’s 2026 Magic Quadrant for hybrid mesh firewalls identified Palo Alto Networks, Fortinet, and Check Point as the only market leaders. The assessment covers the global hybrid mesh firewall market and recognized…
• niche playersImportance 0 · Surprise 0

News · 2026-09-12

• AI Security Platform ExpansionImportance 59 · Surprise 82
  Palo Alto Networks CEO Nikesh Arora said AI is increasing corporate focus on cybersecurity vulnerabilities and creating demand for security tools, data integration, and network inspection. He said AI models that…
• Security Product GrowthImportance 23 · Surprise 64
  Palo Alto Networks’ next-generation security (NGS) annual recurring revenue increased 63% in fiscal 2026. The report attributes the NGS ARR growth to artificial intelligence and platformization. NGS ARR growth was…

News · 2026-09-11

• AI Security Platform ExpansionImportance 28 · Surprise 62
  Palo Alto Networks CEO Nikesh Arora said artificial intelligence is increasing corporate focus on cybersecurity vulnerabilities and creating demand for security tools, data integration, and network inspection. He…
• Competition and Market ShareImportance 23 · Surprise 24
  Wedbush identified Palo Alto Networks and CrowdStrike as leaders in AI cybersecurity. The firm highlighted a shift in cybersecurity spending toward broader security platforms as AI-based attacks increase. Vendor…
• Revenue Performance and MixImportance 22 · Surprise 56
  Palo Alto Networks reported fiscal fourth-quarter revenue growth of 34% year over year. Next-generation security annual recurring revenue increased 63% year over year during the quarter. The results indicate faster…

10-K · 2026-09-10

• Market Demand TrendsImportance 81 · Surprise 64
  Total revenue increased 24% to $11.5 billion in fiscal 2026, reflecting increased adoption of Palo Alto Networks’ product, subscription, and support portfolio. Next-Generation Security ARR rose to $9.1 billion from…
• Acquisition / Partnership / DivestitureImportance 71 · Surprise 60
  Palo Alto Networks completed acquisitions of Chronosphere on January 29, 2026, CyberArk on February 11, Koi on April 14, Portkey on May 29, Embrace on August 27, and Console on September 1, 2026. Chronosphere added…
• Outstanding IndebtednessImportance 68 · Surprise 58
  The CyberArk acquisition added $1.25 billion of 2030 Notes, which became exchangeable into Palo Alto Networks common stock and cash after the February 2026 acquisition. Holders converted $153 million of principal…
• Purchase Commitments and ObligationsImportance 66 · Surprise 48
  As of July 31, 2026, Palo Alto Networks had $8.3 billion of commitments to purchase products, components, cloud hosting, and other services. The commitments exceed the company’s $7.9 billion of cash, cash equivalents,…
• Operating Expense TrendsImportance 64 · Surprise 56
  Total operating expenses increased to $7.382 billion in fiscal 2026 from $5.527 billion, rising to 64.3% of revenue from 59.9%. Research and development expense increased 29% to $2.552 billion, including a $429 million…
• Investing ActivitiesImportance 64 · Surprise 56
  Net cash used in investing activities was $3.1 billion in fiscal 2026. Investing cash usage increased $899 million from fiscal 2025. The increase primarily reflected higher net cash payments for business acquisitions,…
• Operating Margin DriversImportance 63 · Surprise 64
  Fiscal 2026 operating margin declined to 6.1% from 13.5% in fiscal 2025 as operating expenses grew faster than revenue and gross margin fell to 70.4% from 73.4%. Operating expenses increased $1.855 billion to $7.382…
• Income Tax Rate ChangesImportance 60 · Surprise 74
  Fiscal 2026 effective tax rate increased to 42.7% from 28.9% in fiscal 2025. The higher rate was primarily caused by nondeductible fair-value changes in the 2030 Notes and capped calls and nondeductible share-based…
• Revenue Performance and MixImportance 59 · Surprise 48
  Fiscal 2026 total revenue increased 24% year over year to $11.48 billion from $9.22 billion in fiscal 2025. Product revenue grew 27% to $2.28 billion and represented 19.9% of total revenue, compared with 19.5% in…
• Geographic Revenue PerformanceImportance 59 · Surprise 48
  Americas revenue increased to $7.679 billion in fiscal 2026 from $6.205 billion, a $1.474 billion year-over-year increase. EMEA revenue rose to $2.428 billion from $1.917 billion, while APAC revenue increased to $1.373…
• Operating Cash Flow TrendsImportance 59 · Surprise 48
  Net cash provided by operating activities was $4.6 billion in fiscal 2026. Operating cash flow increased $837 million from fiscal 2025, driven primarily by business growth and higher customer collections. Higher cash…
• Capital Return ProgramImportance 58 · Surprise 42
  Palo Alto Networks’ board has authorized $5.1 billion of cumulative share repurchases, funded from available working capital and executed at management’s discretion. As of July 31, 2026, $1.0 billion remained available…
• Gross Margin DriversImportance 54 · Surprise 40
  Total gross profit increased to $8.077 billion in fiscal 2026 from $6.770 billion, but total gross margin declined to 70.4% from 73.4%. Product gross margin fell to 75.1% from 77.1% because of lower hardware margins,…
• Free Cash Flow and LiquidityImportance 54 · Surprise 40
  Cash, cash equivalents, and investments totaled $7.906 billion as of July 31, 2026, down from $8.459 billion a year earlier, while cash and cash equivalents increased to $2.514 billion from $2.269 billion. Net cash…
• Product Launch and TransitionImportance 31 · Surprise 42
  During fiscal 2026, Palo Alto Networks introduced PAN-OS 12.1 Orion, Prisma AIRS 2.0, NGTS, and Prisma AIRS 3.0. Prisma AIRS Gateway became generally available on July 16, 2026, incorporating AI gateway capabilities…
• AI Security Platform ExpansionImportance 31 · Surprise 42
  Prisma AIRS is positioned as a unified platform for discovering, assessing, and protecting AI agents, applications, models, and data across the AI lifecycle. Its capabilities include AI Gateway, Agent Security, AI Red…
• Products and TechnologyImportance 31 · Surprise 42
  Palo Alto Networks is consolidating network, cloud, security operations, observability, identity, and threat intelligence capabilities into integrated platforms. Network & AI Security combines Prisma Access, Prisma…
• Trade Policy and TariffsImportance 29 · Surprise 24
  Management identified potential expansion of U.S. export and import controls and tariffs, together with retaliatory actions by other countries, as risks that could materially and adversely affect the business. The…
• Supply Chain ConstraintsImportance 26 · Surprise 24
  Cost of product revenue increased primarily because of higher demand for hardware products and higher costs driven by supply chain challenges. Product gross margin declined, including because of the effect of those…
• Competition and Market ShareImportance 26 · Surprise 24
  The company’s competitive positioning centers on platformization, integrating multiple security products and services into a unified architecture. Management states that innovation and timely development of new…
• Middle East Conflict ImpactImportance 17 · Surprise 24
  Hostilities in Israel, Iran, and the surrounding region continued to create economic and political uncertainty during fiscal 2026. Palo Alto Networks operates in Israel and intends to expand its presence there, but…
• Macroeconomic Factors ImpactImportance 17 · Surprise 24
  Palo Alto Networks stated that inflationary pressures and tensions between China and Taiwan and between the United States and China increased its costs. Management warned that these conditions could adversely affect…
• Distribution Channels ExpansionImportance 10 · Surprise 6
  The company sells globally through a field sales force working with channel partners. Its primary fulfillment model is indirect and two-tiered, with Palo Alto Networks selling to distributors, distributors selling to…
• Manufacturing And CapacityImportance 10 · Surprise 6
  Palo Alto Networks relies on manufacturing partners to procure components and manufacture its hardware products. Hardware demand increased, including demand for new-generation products and ML-powered NGFWs spanning…

News · 2026-09-10

• Revenue Performance and MixImportance 63 · Surprise 64
  Palo Alto Networks reported fiscal fourth-quarter revenue growth, although the digest does not provide the revenue amount or year-over-year percentage. Next-Generation Security annual recurring revenue increased 63%,…
• Security Product GrowthImportance 45 · Surprise 64
  A third-party report highlighted a 63% year-over-year increase in Palo Alto Networks' Next-Generation Security annual recurring revenue. The report characterized the company's commercial indicators and cash generation…
• AI Security Product LaunchImportance 31 · Surprise 42
  Palo Alto Networks introduced a security platform for AI coding that addresses shadow AI, risky agent behavior, uncontrolled connections, and blurred identities. The platform provides visibility, risk assessment,…
• AI Security Platform ExpansionImportance 31 · Surprise 42
  Palo Alto Networks introduced a platform for securing AI coding across agents, artifacts, identities, data, and AI-tool connections. The offering addresses shadow AI, risky agent behavior, supply-chain risks,…

News · 2026-09-08

• Guidance and OutlookImportance 90 · Surprise 84
  Palo Alto Networks projects fiscal 2027 revenue growth of 23% to 24%. Management attributes the outlook to increased cybersecurity spending associated with artificial-intelligence deployment and expanding cyber…
• AI Security Product GrowthImportance 59 · Surprise 82
  Palo Alto Networks is expanding its AI-focused security platform as customers adopt multiple modules across network, cloud, identity, endpoint and security operations environments. XSIAM ARR surged 70% in fiscal 2026,…

News · 2026-09-07

• Guidance / OutlookImportance 90 · Surprise 84
  Palo Alto Networks projected fiscal 2027 revenue growth of 23% to 24%, supported by increased cybersecurity spending associated with artificial intelligence. The company’s fiscal 2027 outlook was described as above…
• AI Security PartnershipImportance 31 · Surprise 42
  Palo Alto Networks signed OpenAI’s “A Call to Action on Cyber Defense” as a first-day signatory. The initiative calls on cybersecurity vendors, governments, and technology companies to coordinate on AI-powered defense.…

News · 2026-09-02

• Market Demand TrendsImportance 81 · Surprise 64
  Palo Alto Networks reported strong demand for cybersecurity products as AI proliferation and increasingly automated cyberthreats drive enterprises to modernize legacy defenses. The company’s Network Security segment…
• Acquisition / Partnership / DivestitureImportance 71 · Surprise 60
  Palo Alto Networks acquired Console, an AI-powered IT help-desk automation startup, for a reported $500 million in cash and stock. Console had raised $29 million and was valued at $157 million before the transaction.…
• AI Security Product GrowthImportance 59 · Surprise 82
  Palo Alto Networks is expanding its AI-focused security platform as customers adopt multiple modules across network, cloud, identity, endpoint and security operations environments. XSIAM ARR surged 70% in fiscal 2026,…
• Revenue Performance and MixImportance 57 · Surprise 38
  Palo Alto Networks reported fiscal Q4 2026 revenue of $3.41 billion, up 34% year over year and above the $3.35 billion consensus estimate. Fiscal 2026 revenue reached $11.5 billion, increasing 24% year over year.…
• Competition and New EntrantsImportance 40 · Surprise 42
  Palo Alto Networks faces emerging competition from AI-native cybersecurity platforms targeting regulated organizations that require tighter control over data. Cylake, founded by Palo Alto Networks founder Nir Zuk, has…
• Operating Margin DriversImportance 32 · Surprise 42
  Fiscal 2027 profitability expectations face pressure from higher cloud-hosting costs and sustained memory and storage expenses. Reports linked the cost increase to management’s warning that these expenses would remain…
• Free Cash Flow OutlookImportance 32 · Surprise 24
  Palo Alto Networks was reported to have strong free cash flow generation following fiscal Q4 2026 results. Some investors were disappointed by a fiscal 2027 free-cash-flow margin outlook that fell below their…
• AI Security Platform ExpansionImportance 31 · Surprise 42
  CEO Nikesh Arora said a projected $5 trillion of AI-infrastructure capital expenditure over the next five years will require a new security stack. He estimated that approximately $1 trillion of existing cybersecurity…

Earnings call · 2026-09-01

• Platformization Demand TrendsImportance 26 · Surprise 24
  Palo Alto Networks says customers are increasingly seeking to standardize on larger vendors with competitive products, supporting its platformization strategy. Customers are pursuing AI transformation, coding…