PANW · News · 20261013N

Revenue Performance and Mix

Palo Alto Networks Inc · 2026-10-13 · Importance 73 · Surprise 66 · No source text

Palo Alto Networks reported fiscal 2026 revenue of $11.48 billion, up 24.5% year over year. The company’s net income decreased despite the revenue increase. Its shift toward a broader security software platform was supported by 220 net new platformization deals.

Key facts

• Palo Alto Networks' fiscal 2026 revenue reached USD 11.48 billion, a 24.5% increase from the previous year. source
• Palo Alto Networks officer Nikesh Arora's trust pledged 500,000 PANW common shares in a variable prepaid forward contract with an aggregate market value of $201.4 million. source
• The actual number of Palo Alto Networks shares delivered at settlement for that variable prepaid forward will depend on the stock price relative to agreed floor and cap prices, and the trust has the option for cash settlement under certain conditions. source
• Palo Alto Networks exceeded Q3 earnings and revenue expectations with 34.5% year-over-year revenue growth. source
• A Form 4 for Palo Alto Networks Inc was filed on October 13 (announced in the Investing.com item). source
• Phillip Securities downgraded Palo Alto Networks to Neutral from Buy and set a $346 price target. source
• The $346 price target sat about 17% below the previous session's $418.78 close. source
• TD Cowen increased its price target for Palo Alto Networks stock from USD 400 to USD 440 on October 2, 2026, while maintaining a Buy rating. source

Impact estimates