PANW · 10-K · 2026A · Full report
Product Launch and Transition
Palo Alto Networks Inc · 2026-09-10 · Importance 31 · Surprise 42 · In source text
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 into the company’s AI security platform. Unit 42 also launched Frontier AI Defense services in April 2026 to address threats from next-generation AI models.
Key facts
- Product revenue increased year-over-year for fiscal 2026 driven by increased revenue from software licenses, including from our CyberArk acquisition, and increased demand for our new generation of hardware products. source
- Palo Alto Networks stated it expects product revenue from software licenses to increase over the long term as it improves features and capabilities of on-premise software, renews software license contracts, and expands installed end-customer base. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | — | Product revenue increased year-over-year for fiscal 2026 driven by increased revenue from software licenses, including from our CyberArk… |
| revenue | positive | probable | — | Palo Alto Networks stated it expects product revenue from software licenses to increase over the long term as it improves features and… |