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Palo Alto Networks Inc (PANW) stock

PANWNasdaqComputer Peripheral Equipment, NECFiscal year ends July 31
Financials through Q4 FY2026, quarter ended Jul 31, 2026Last filing: 10-K on Sep 10, 2026Score 8/30576% above fair value
$365.87−14.70 (-3.86%)

Close on Oct 30, 2026Market cap $299.28BP/E –Yield –

Earnings

Palo Alto Networks's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Nov 18, 2026
Q1 FY2027 · estimated, after the close
Revenue, Q4 FY2026
$3.41B
+36.4% on a year earlier
Non-GAAP net income per share, diluted, Q4 FY2026
$1.02
$0.95 a year earlier
Latest guidance
Raised
Sep 1, 2026 · 16 items

Quarterly results

Revenue and earnings per share from each of Palo Alto Networks's earnings releases, newest first

QuarterReportedRevenueYoYEPSAdj. EPSSource
Q1 FY2027ended Oct 31, 2026Nov 18, 2026Expected–––––
Q4 FY2026ended Jul 31, 2026Sep 1, 2026after the close$3.41B+36.4%-$0.35$1.02Release
Q3 FY2026ended Apr 30, 2026Jun 2, 2026after the close$3.00B+30.4%-$0.22$0.85Release
Q2 FY2026ended Jan 31, 2026Feb 17, 2026after the close$2.60B+13.0%$0.61$1.03Release
Q1 FY2026ended Oct 31, 2025Nov 19, 2025after the close$2.50B+19.0%$0.47$0.93Release
Q4 FY2025ended Jul 31, 2025Aug 18, 2025after the close$2.50B+13.6%$0.36$0.95Release
Q3 FY2025ended Apr 30, 2025May 20, 2025after the close$2.30B+15.0%$0.37$0.80Release
Q2 FY2025ended Jan 31, 2025Feb 13, 2025after the close$2.30B+15.0%$0.38$0.81Release
Q1 FY2025ended Oct 31, 2024Nov 20, 2024after the close$2.10B+10.5%$0.99$1.56Release
Q4 FY2024ended Jul 31, 2024Aug 19, 2024after the close$2.20B+10.0%$1.01$1.51Release
Q3 FY2024ended Apr 30, 2024May 20, 2024after the close$2.00B+17.6%$0.79$1.32Release
Q2 FY2024ended Jan 31, 2024Feb 20, 2024after the close$2.00B+17.6%$4.89$1.46Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Palo Alto Networks's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
Total revenueQ1 FY2027$3.30B – $3.31B–NewSep 1, 2026
Total revenue growthQ1 FY2027+33% – +34%–NewSep 1, 2026
Diluted non-GAAP net income per sharenon-GAAPQ1 FY2027$0.96 – $0.98–NewSep 1, 2026
Next-Generation Security ARRQ1 FY2027$9.54B – $9.56B–NewSep 1, 2026
Next-Generation Security ARR growthQ1 FY2027+63%–NewSep 1, 2026
Remaining performance obligationsQ1 FY2027$20.80B – $20.90B–RaisedSep 1, 2026
Remaining performance obligations growthQ1 FY2027+34% – +35%–LoweredSep 1, 2026
Total revenueFY2027$14.10B – $14.20B–NewSep 1, 2026
Total revenue growthFY2027+23% – +24%–NewSep 1, 2026
Non-GAAP operating marginnon-GAAPFY202729.5%–NewSep 1, 2026
Diluted non-GAAP net income per sharenon-GAAPFY2027$4.16 – $4.19–NewSep 1, 2026
Adjusted free cash flow marginnon-GAAPFY202738%–NewSep 1, 2026
Next-Generation Security ARRFY2027$11.08B – $11.18B–NewSep 1, 2026
Next-Generation Security ARR growthFY2027+22% – +23%–NewSep 1, 2026
Remaining performance obligationsFY2027$25.20B – $25.40B–RaisedSep 1, 2026
Remaining performance obligations growthFY2027+19% – +20%–LoweredSep 1, 2026
adjusted free cash flow marginnon-GAAPFY202840%–NewJun 2, 2026

Guidance vs results

The last range Palo Alto Networks gave before each report, against the figure it then reported. Full years add up the four quarters.

PeriodMetricGuidanceActualResult
FY2026Diluted non-GAAP net income per share$3.77 – $3.79$3.83Σ4QAbove range
FY2026Revenue$11.42B – $11.43B$11.51BΣ4QAbove range
FY2026Revenue growth+22% – +23%+25.11%Σ4QAbove range
Q4 FY2026Diluted non-GAAP net income per share$0.96 – $0.98$1.02Above range
Q4 FY2026Revenue$3.35B – $3.36B$3.41BAbove range
Q3 FY2026Diluted non-GAAP net income per share$0.78 – $0.80$0.85Above range
Q3 FY2026Revenue$2.94B – $2.95B$3.00BAbove range
Q3 FY2026Revenue growth+28% – +29%+30.43%Above range
Q2 FY2026Diluted non-GAAP net income per share$0.93 – $0.95$1.03Above range
Q2 FY2026Revenue$2.57B – $2.59B$2.60BAbove range
Q1 FY2026Diluted non-GAAP net income per share$0.88 – $0.90$0.93Above range
Q1 FY2026Revenue$2.45B – $2.47B$2.50BAbove range

Guidance history

Every forecast Palo Alto Networks put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Sep 1, 2026Diluted non-GAAP net income per shareFY2027$4.16 – $4.19New
Sep 1, 2026Diluted non-GAAP net income per shareQ1 FY2027$0.96 – $0.98New
Sep 1, 2026Non-GAAP operating marginFY202729.5%New
Sep 1, 2026Adjusted free cash flow marginFY202738%New
Sep 1, 2026Next-Generation Security ARR growthFY2027+22% – +23%New
Sep 1, 2026Remaining performance obligations growthFY2027+19% – +20%Lowered
Sep 1, 2026Next-Generation Security ARRFY2027$11.08B – $11.18BNew
Sep 1, 2026Remaining performance obligationsFY2027$25.20B – $25.40BRaised
Sep 1, 2026Next-Generation Security ARR growthQ1 FY2027+63%New
Sep 1, 2026Remaining performance obligations growthQ1 FY2027+34% – +35%Lowered
Sep 1, 2026Next-Generation Security ARRQ1 FY2027$9.54B – $9.56BNew
Sep 1, 2026Remaining performance obligationsQ1 FY2027$20.80B – $20.90BRaised
Sep 1, 2026Total revenue growthFY2027+23% – +24%New
Sep 1, 2026Total revenueFY2027$14.10B – $14.20BNew
Sep 1, 2026Total revenue growthQ1 FY2027+33% – +34%New
Sep 1, 2026Total revenueQ1 FY2027$3.30B – $3.31BNew
Jun 2, 2026Diluted non-GAAP net income per shareFY2026$3.77 – $3.79Raised
Jun 2, 2026Diluted non-GAAP net income per shareQ4 FY2026$0.96 – $0.98New
Jun 2, 2026Non-GAAP operating marginFY202628.9% – 29.2%Raised
Jun 2, 2026Adjusted free cash flow marginFY202637.5%Lowered

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases Palo Alto Networks filed with the SEC as exhibits to Form 8-K or 6-K

  1. Results
  2. Results
  3. Results
  4. News
  5. Update
  6. Results
  7. Results
  8. Results
  9. Results
  10. Update
  11. Update
  12. Results
  13. Results
  14. Results
  15. News