PANW · 10-K · 2026A · Full report
Acquisition / Partnership / Divestiture
Palo Alto Networks Inc · 2026-09-10 · Importance 71 · Surprise 60 · In source text
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 observability capabilities, CyberArk established an identity-security platform, Koi added agentic endpoint security, and Portkey enhanced Prisma AIRS. Embrace is expected to add real-user monitoring capabilities, while Console is expected to deepen agentic capabilities in Cortex. The acquisitions contributed to fiscal 2026 revenue and increased amortization, personnel, acquisition-related, and severance costs; Palo Alto Networks also launched Prisma AIRS Gateway on July 16, 2026 using AI-gateway capabilities acquired through Portkey.
Key facts
- Palo Alto Networks executed an intercompany transaction to repatriate $3.5 billion of foreign earnings as part of the acquisition of CyberArk. source
- Palo Alto Networks completed the acquisition of Chronosphere on January 29, 2026. source
- Palo Alto Networks completed the acquisition of CyberArk on February 11, 2026. source
- Palo Alto Networks completed the acquisition of Koi on April 14, 2026. source
- Palo Alto Networks completed the acquisition of Portkey on May 29, 2026. source
- Palo Alto Networks completed the acquisition of Embrace on August 27, 2026, which the company expects will add RUM capabilities to its observability platform. source
- Palo Alto Networks completed the acquisition of Console on September 1, 2026, which the company expects will deepen agentic capabilities in Cortex. source
- One of our business combinations has included post-closing payments contingent upon the occurrence of future events and/or certain conditions being met. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | realized | — | Palo Alto Networks completed the acquisition of Chronosphere on January 29, 2026. |
| assets | positive | realized | — | Palo Alto Networks completed the acquisition of CyberArk on February 11, 2026. |
| assets | positive | realized | — | Palo Alto Networks completed the acquisition of Koi on April 14, 2026. |
| assets | positive | realized | — | Palo Alto Networks completed the acquisition of Portkey on May 29, 2026. |
| assets | positive | realized | — | Palo Alto Networks completed the acquisition of Embrace on August 27, 2026, which the company expects will add RUM capabilities to its… |
| assets | positive | realized | — | Palo Alto Networks completed the acquisition of Console on September 1, 2026, which the company expects will deepen agentic capabilities… |