10 analysts' median target is $220[FMP target], stock is $257, -14.3% upside potential. After Q2 +9.7% EPS beat[FMP earnings], the stock moved -6.8%.
B+ = MoonshotScore 59[multi-pillar formula] + Council 2/6[6-lens rule]. Form 4: 0 transactions[FMP Form 4].
Q4 consensus: revenue $2.9B[FMP est], EPS $0.81[FMP est]. 5 consecutive quarters of beat[FMP earnings].
Q2 EPS +9.7% beat[FMP] but the stock -6.8% D+1[FMP D+1]. Dipak Golechha promised $84.0M CapEx + a sequential decline in Q4 during the Q2 earnings call[Dipak Golechha capex transcript].
Watchlist
Xsiam Arr Growth
xsiam_arr_growth
XSIAM surpassed the $0.5 billion ARR milestone with over 600 customers paying an average of nearly $1 million in ARR.
"In Q2, XSIAM surpassed the $0.5 billion ARR milestone. We welcomed almost 150 new customers, bringing our total base to over 600, paying an average of nearly $1 million in ARR."
- Nikesh Arora, CEO - Q2 FY26 Earnings Call - February 17, 2026
Fy26 Ngs Arr Guidance
fy26_ngs_arr_guidance
For the fiscal year 2026, we expect NGS ARR to be in the range of $8.52 billion to $8.62 billion.
"For the fiscal year 2026, we expect NGS ARR to be in the range of $8.52 billion to $8.62 billion an increase of 53% to 54%."
- Dipak Golechha, CFO - Q2 FY26 Earnings Call - February 17, 2026
Sase Arr Growth
sase_arr_growth
Our SASE business surpassed the $1.5 billion ARR milestone while growing approximately 40% year-on-year.
"In Q2, our SASE business continued to go from stand to stand, surpassing the $1.5 billion ARR milestone while growing approximately 40% year-on-year, solidifying our position as the fastest-growing SASE provider at scale."
- Nikesh Arora, CEO - Q2 FY26 Earnings Call - February 17, 2026
Ngs Arr Growth
ngs_arr_growth
Palo Alto Networks reported NGS ARR growth of 33% to $6.33 billion.
"The increasing adoption of our platforms is most evident in our next-generation security ARR, which grew 33% to $6.33 billion."
- Dipak Golechha, CFO - Q2 FY26 Earnings Call - February 17, 2026
Prisma Airs Customer Growth
prisma_airs_customer_growth
Prisma AIRS more than tripled its customer count in one quarter to over 100.
"From Q1 to Q2, we more than tripled our customer count to over 100."
- Nikesh Arora, CEO - Q2 FY26 Earnings Call - February 17, 2026
Chronosphere Arr
chronosphere_arr
Chronosphere is generating approximately $200 million in ARR as of Q2, well above our expectations.
"The momentum is clear in the numbers with the company generating approximately $200 million in ARR as of Q2, well above our expectations."
- Nikesh Arora, CEO - Q2 FY26 Earnings Call - February 17, 2026
Stock Expert AI - Methodology
multi-pillar methodology. Revenue Growth and Gross Margin strong. Operating Leverage weak.
How is it calculated? ->6 investor frameworks. 2 bullish (Ken Griffin, Buffett), 3 bearish (Jim Simons, Klarman, Munger), 1 neutral (Ray Dalio).
How is it calculated? ->Quality business, but price is high.
How is it calculated? ->Past Performance
Q2 (February 17, 2026): EPS $1.03 vs $0.94 est[FMP], +9.7% beat. D+1 movement: -6.8%[FMP D+1]. Decline despite beat - market reacted to guidance, not numbers.
Q2: EPS $1.03 vs $0.94 beat[FMP], stock -6.8% D+1[FMP].
No RPO/backlog concentration disclosed in Q2 earnings call.
Q2 CapEx $84.0M[FMP cashflow]. Q2 op margin 15.4%[FMP op margin] - this level in Q4 is sensitive to CapEx revision risk.
Not advice - a structural framework for earnings night. Decision discipline is yours.
Market Outlook
You read it in 5 minutes. When the numbers come out on Tuesday evening - you know what you're looking at.
Data arrives at night. The framework is ready now.
Data arrives on Tuesday evening. The framework is ready on this page: Q4 EPS threshold $0.81[FMP], CapEx threshold "below $84.0M"[Dipak Golechha]. Two anchors, three scenarios.
Comparison Stock Expert AI Pro $24/month ($240/year), 77% cheaper than the total of three earnings-tracking tools ($1,059/year -> $240/year).
Seeking Alpha $299/yr - analyst opinions + earnings coverage TipRanks $360/yr - Smart Score (1-10) + analyst consensus + insider trades Trendspider $400/yr - AI pattern detection + automated TA + multi-timeframe alerts
Prices as of April 2026. Sources: seekingalpha.com/subscriptions - tipranks.com/pricing - trendspider.com/pricing
Stock Expert AI Pro: $24/month ($240/year). Council 7-lens analysis + MoonshotScore multi-pillar + Insider tracker + Technical levels - all in one platform, for every stock.
Educational tool, not investment advice. Past performance does not guarantee future results.
Calendar
DATA GAP: Events not in the FMP /stable/calendar feed - Investor day, analyst day, product launches, regulatory dates. These require company IR page scraping or manual calendar entry.
This Palo Alto Networks, Inc. (PANW) earnings preview covers the analyst consensus, key catalysts, and what to watch on the earnings call.
Consensus EPS, revenue guidance, segment growth rates, and the tone of management commentary — the full breakdown with sources is on this page.
Figures are sourced from Financial Modeling Prep (FMP) fundamentals and consensus data plus official earnings-call transcripts; derived metrics are labeled with their source next to each figure.
No. This page is educational research, not investment advice. It summarizes analyst consensus and company data; consult a licensed financial advisor before making any investment decision.