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Palo Alto Networks, Inc. (PANW) Stock: Price, Forecast & Analyst Target

Palo Alto Networks, Inc. (PANW) — MoonshotScore 65/100 (Strong band), calculated Oct 4, 2026. Price $403.24 (+1.76%), as of the Oct 2, 2026 trading session; market cap $329B. Expected results Nov 18, 2026.

Educational signal · not a buy or sell recommendation · How to read this

Market value / cash and short-term investments: 107.13× (market value Oct 2, 2026; cash Jul 31, 2026) · expected results Nov 18, 2026

$403.24 +$6.99 (+1.76%) Market Cap $329B

Palo Alto Networks, Inc. · PANW · NASDAQ · Technology · Software - Infrastructure

Research dated 2026-09-12: Palo Alto Networks sells cybersecurity across firewalls, centralized management, cloud environments, secure access, analytics and threat protection to enterprises, service providers and governments. Subscription and support revenue now outweigh product sales; the key test is whether that mix can turn rapid revenue expansion into durable accounting profit.

Price as of Oct 2, 2026

Key Statistics

65 of 100

MoonshotScore v2 · Palo Alto Networks (PANW)

Strong
Business Quality Average (55)
Financial Safety Sound (63)
Valuation Rich (21)
Growth Durability Flat (44)
Momentum Surging (96)
Why this rating? Method, drivers & history

Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.

  • Business Quality — Is this a genuinely good business?
  • Financial Safety — Could this blow up on me?
  • Valuation — Am I paying a fair price?
  • Growth Durability — Is the growth real and likely to last?
  • Momentum — Is the market already moving on this?
The ten-second read ·

An expensive valuation, though growth is only middling; the market is already moving on it. Business Quality: Average; Financial Safety: Sound; Valuation: Rich; Growth Durability: Flat; Momentum: Surging.

Enterprise value relative to EBITDA is the main valuation drag relative to sector peers.

  • quarterly revenue $3.41B (Q4 FY2026, quarter ended Jul 2026)
  • EPS beat 7 of 8
  • Altman Z 9.67 · Piotroski F 4

Holding back: a rich price

Helping: positive momentum

What has the MoonshotScore done over time?

MoonshotScore snapshots recorded for PANW (29 recorded, newest six shown)
RecordedScoreBand
66Strong
66Strong
65Strong
65Strong
65Strong
65Strong

The score was 65 in the stored Oct 3, 2026 snapshot and remains 65 in the current publication computed Oct 4, 2026 (0); the largest pillar moves were Financial Safety -1 and Growth Durability +1; the pillar moves offset under the sector-relative weighting, so the headline score is unchanged.

Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.

Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →

Price & valuation

Dates shown where recorded
MeasureValueAs of
Latest provided price$403.24
Change on the day+1.76%
52-week range$139.57 – $409.50
Market capitalisation$329B
Price / earnings (trailing)876.61
Shares traded on the day4.91M
Beta (volatility vs the S&P 500)0.91

Price & events

Weekly closing price with reported quarters marked Weekly closing price from Sep 5, 2025 to Oct 2, 2026: low $147, high $403, latest $403. 4 reported quarters marked, 4 above and 0 below the recorded estimate. 1 other dated event marked. $403 $147 high $403 Nov 19, 2025 · Earnings results · reported above the recorded estimate · close $1831Feb 17, 2026 · Earnings results · reported above the recorded estimate · close $1492Jun 2, 2026 · Earnings results · reported above the recorded estimate · close $2723Sep 1, 2026 · Earnings call · management outlook · no recorded estimate to compare · close $3334Sep 1, 2026 · Earnings results · reported above the recorded estimate · close $3335 Sep 5, 2025 Oct 2, 2026 · $403 $194Sep 5, 2025$208Sep 19, 2025$207Oct 3, 2025$208Oct 17, 2025$220Oct 31, 2025$205Nov 14, 2025$190Nov 28, 2025$192Dec 12, 2025$188Dec 26, 2025$189Jan 9, 2026$180Jan 23, 2026$159Feb 6, 2026$149Feb 20, 2026$165Mar 6, 2026$163Mar 20, 2026$163Apr 2, 2026$168Apr 17, 2026$181May 1, 2026$243May 15, 2026$282May 29, 2026$280Jun 12, 2026$304Jun 26, 2026$326Jul 10, 2026$324Jul 24, 2026$364Aug 7, 2026$358Aug 21, 2026$333Sep 4, 2026$364Sep 18, 2026$403Oct 2, 2026

Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.

Events behind the price

  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings call · management outlook
  • · Earnings results · above the recorded estimate

Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.

Upcoming events

As of

  1. Next results dueProvider estimate

Management outlook

  • For the fiscal first quarter 27, we expect for Q1, we expect NGS ARR of $9.54 billion to $9.56 billion or 63% growth We expect RPO of $20.8 billion to $20.9 billion or 34% to 35% growth, and we expect revenue of $3.3 billion to $3.31 billion or 33% to 34% growth.

    Dipak Golechha · Statement from

  • For fiscal year 2027, we expect NGS ARR of $11.075 billion to $11.175 billion or 22% to 23% growth We expect RPO of $25.2 billion to $25.4 billion or 19% to 20% growth, and we expect revenue of $14.1 billion to $14.2 billion or 23% to 24% growth.

    Dipak Golechha · Statement from

Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.

Read management statements

Other perspectives

Council score for Palo Alto Networks (PANW): perspectives

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

5-Factor Breakdown

Growth Durability Neutral
Momentum Strong
Business Quality Neutral
Financial Safety Moderate
Valuation Weak

Legends Council

5 lenses, 0 current

AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built

Dalio-style lens (simulated) Ray Dalio Favorable read
Griffin-style lens (simulated) Ken Griffin Favorable read
Englander-style lens (simulated) Izzy Englander Unfavorable read
Klarman-style lens (simulated) Seth Klarman Neutral read
Moon AI lens (model) Neutral read

Read on: Sep 29, 2026 · older than the 27 hours refresh window; not a current reading

Munger's Mindset

Balance Sheet & Valuation · historical

Financial Health Neutral
Margin of Safety Overvalued
Profit Margin Weak
Revenue Growth Strong
Debt/Equity Strong
ROE Neutral
Gross Margin Strong

Read on: Sep 10, 2026 · older than the 27 hours refresh window; not a current reading

How to read these bars and different assessments

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.

On Sep 10, 2026, the Munger lens read the price at that time as overvalued against its own estimate of value.

Readings on this page are from Oct 5, 2026, except a card that shows its own read date.

Watch the PANW film — every key number, told as a short cinematic story

~2 min · open the film

1 · What is it?

What is Palo Alto Networks (PANW), and what does it report?

Short answer · as of

Palo Alto Networks is not simply an infrastructure software vendor or an appliance maker. Its platform combines hardware and software firewalls with Panorama management, cloud and access security, threat prevention, endpoint protection, analytics, automation, consulting and support, sold directly and through channel partners.

Research dated 2026-09-12.

Palo Alto Networks is not simply an infrastructure software vendor or an appliance maker. Its platform combines hardware and software firewalls with Panorama management, cloud and access security, threat prevention, endpoint protection, analytics, automation, consulting and support, sold directly and through channel partners.

Reported revenue separates product, support and subscription activity. Subscription is the largest component and support also exceeds product, so the income statement measures protection and service delivered around deployed environments as much as new product placements.

Sources (as of 2026-09-12): Sector / industry (provider taxonomy); Business description; Revenue by segment

2 · Latest results

What do the latest results show for Palo Alto Networks (PANW)?

Short answer · as of

The most recent reported quarter, Q4 FY2026, carried revenue of $3.41B.

Research dated 2026-09-12.

The latest quarter brought a sharp sequential rise in revenue and gross profit. Operating income recovered from the prior loss, yet the net loss widened, showing that stronger sales and operating performance have not produced stable bottom-line profitability.

The annual pattern is similarly uneven: revenue and research spending advanced while net income fell substantially. Recent reported revenue has repeatedly exceeded expectations, but that consistency has not prevented accounting earnings from deteriorating.

Management is not presenting lower costs as the route forward. It expects higher cost of goods sold and says operating leverage plus acquisition synergies should more than compensate, while Cortex is expected to expand faster than network and AI security.

Sources (as of 2026-09-12): Quarterly income statement (USD thousands); Annual revenue and net result (USD millions); Reported versus estimated, last 8 quarters; Management outlook — dated call excerpts

Where is operating spending going?

Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.

Latest quarter · revenue
$3.41B Jul 31, 2026
Latest quarter · R&D
$779.00M Jul 31, 2026
Latest quarter · SG&A
$1.35B Jul 31, 2026
Latest quarter · FMP standardized operating result
$169.00M Jul 31, 2026
Where is operating spending going? — FMP standardized evidence
Period endRevenueR&DSG&AFMP standardized operating result
Jul 31, 2026$3.41B$779.00M$1.35B$169.00M
Apr 30, 2026$3.00B$734.00M$1.48B−$183.00M
Jan 31, 2026$2.59B$511.00M$1.00B$400.00M
Oct 31, 2025$2.47B$528.00M$999.00M$309.00M

USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.

Did results meet expectations?

Reported earnings and revenue alongside the estimates recorded by the provider.

Latest report · revenue
$3.41B Sep 1, 2026
Latest report · revenue estimate
$3.35B Sep 1, 2026
Latest report · revenue vs estimate
Above estimate Sep 1, 2026
Latest report · EPS vs estimate
Above estimate Sep 1, 2026
Did results meet expectations? — reported evidence
Report dateRevenue · reportedRevenue · estimateEPS · reportedEPS · estimate
Sep 1, 2026$3.41B$3.35B$1.0200$0.9780
Jun 2, 2026$3.00B$2.94B$0.8500$0.7930
Feb 17, 2026$2.59B$2.58B$1.0300$0.9390
Nov 19, 2025$2.47B$2.46B$0.9300$0.8910

Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.

Quarterly income statement — 4 quarters
Revenue, net income and earnings per share by quarter
PeriodRevenueNet incomeEPS
Q4 FY2026$3.41B-$282M-$0.35 (diluted)
Q3 FY2026$3.00B-$177M-$0.28 (diluted)
Q2 FY2026$2.59B$432M$0.60 (diluted)
Q1 FY2026$2.47B$334M$0.47 (diluted)
3 · Financial strengths and risks

What are the financial strengths and risks for Palo Alto Networks (PANW)?

Short answer

Cash and short-term investments were $3.07B at the Jul 31, 2026 balance-sheet date. Operating cash flow was $1.36B for the quarter ended Jul 31, 2026, meaning operations generated cash. These figures do not establish a cash runway.

Research dated 2026-09-12.

Cash and investments materially exceed debt, and operating cash flow remained positive throughout the reported quarterly series. The distress screen also indicates ample distance from near-term financial distress.

Liquidity still requires a careful reading. Cash and short-term investments declined over the measured window, the current and quick ratios sit below parity, and much of the broader investment balance is classified as long term without a more specific classification.

The larger risk is conversion rather than funding. Gross profitability is strong, but operating and net margins remain thin, while the market valuation stands far above current sales, earnings and free-cash-flow generation. Continued revenue growth without durable profit expansion would leave that valuation increasingly dependent on future operating leverage.

Sources (as of 2026-09-12): Cash, investments and debt; Cash and investment components; Operating cash flow by quarter (USD millions); Cash and short-term investments over time (USD millions); Cash decline over the reported window; Trailing twelve-month ratio set; Distress and quality screens; Cash against market value

How much cash does the business generate or use?

Quarterly operating cash flow shows cash generated or used by operations.

Latest quarter · operating cash flow
$1.36B Jul 31, 2026
Previous quarter · operating cash flow
$871.00M Apr 30, 2026
How much cash does the business generate or use? — reported evidence
Period endOperating cash flowCapital expenditure (reported)
Jul 31, 2026$1.36BProvider sign conflict
Apr 30, 2026$871.00M−$83.00M
Jan 31, 2026$554.00MProvider sign conflict
Oct 31, 2025$1.77B−$84.00M

Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.

USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.

4 · What to check next?

What should you watch next at Palo Alto Networks (PANW)?

Short answer · as of

The next earnings report is expected on Nov 18, 2026.

Research dated 2026-09-12.

NGS annual recurring revenue and remaining performance obligations are the clearest forward indicators to watch because management has attached explicit growth expectations to them. Progress in those measures would support the idea that platform demand is becoming contracted revenue rather than remaining a sales narrative.

The upcoming report also needs to be read against an elevated latest-quarter revenue base. Recent releases have repeatedly exceeded revenue expectations, so another modest beat would matter less than whether operating profit stays positive and net profitability begins to follow.

Product mix will show where the momentum resides. Management expects Cortex to expand faster than network and AI security and separately tracks IDERA, while also relying on operating leverage and acquisition synergies to absorb higher delivery costs.

Sources (as of 2026-09-12): Management outlook — dated call excerpts; Next earnings report; Reported versus estimated, last 8 quarters; Quarterly income statement (USD thousands); Revenue by segment

What management is planning

Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.

  1. For the fiscal first quarter 27, we expect for Q1, we expect NGS ARR of $9.54 billion to $9.56 billion or 63% growth We expect RPO of $20.8 billion to $20.9 billion or 34% to 35% growth, and we expect revenue of $3.3 billion to $3.31 billion or 33% to 34% growth.

    Dipak Golechha ·

  2. For fiscal year 2027, we expect NGS ARR of $11.075 billion to $11.175 billion or 22% to 23% growth We expect RPO of $25.2 billion to $25.4 billion or 19% to 20% growth, and we expect revenue of $14.1 billion to $14.2 billion or 23% to 24% growth.

    Dipak Golechha ·

  3. For fiscal year, 2027, we expect network and AI security revenue growth of low double digits year over year. We expect Cortex revenue up approximately 30% year over year, and we expect IDERA revenue of approximately $1.5 billion, representing pro form a growth of high teens to 20%.

    Dipak Golechha ·

  4. Looking ahead to fiscal year 2027, we anticipate higher cost of goods sold will be more than offset by continued operating leverage as we scale efficiently and deliver on M&A synergies.

    Dipak Golechha ·

5 · Peer comparison

How does Palo Alto Networks compare with its peers?

Short answer

Palo Alto Networks's score ranks 13th of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.

Research dated 2026-09-12.

Compared with a security vendor chiefly dependent on appliance replacements, Palo Alto Networks earns more from subscriptions and support than from product sales. The relevant unit of demand is therefore the protected environment and the services attached to it, not merely a firewall shipment.

Its deployed estate also spans physical appliances, virtual instances, and public and private clouds under Panorama management. That breadth gives enterprise, service-provider and government customers a route to consolidate several security functions with the same vendor, while making execution depend on keeping a wide product set integrated and commercially productive.

Sources (as of 2026-09-12): Business description; Revenue by segment; Sector / industry (provider taxonomy)

Peer set — price, market value and MoonshotScore
CompanyPriceMarket valueScore
Palantir Technologies Inc. (PLTR) Same industry, near in market value$188.75 Oct 2, 2026$433B96 5-pillar Oct 4, 2026
Adobe Inc. (ADBE) Same industry, near in market value$237.69 Oct 2, 2026$94.5B95 5-pillar Oct 4, 2026
Fortinet, Inc. (FTNT) Same industry, near in market value$180.95 Oct 2, 2026$133B93 5-pillar Oct 4, 2026
Okta, Inc. (OKTA) Same industry, near in market value$211.49 Oct 2, 2026$35.1B89 5-pillar Oct 4, 2026
KLA Corporation (KLAC) Named competitor$206.89 Oct 2, 2026$270B86 5-pillar Oct 4, 2026
Microsoft Corporation (MSFT) Same industry, near in market value$517.53 Oct 2, 2026$3.84T85 5-pillar Oct 4, 2026
Texas Instruments Incorporated (TXN) Named competitor$293.80 Oct 2, 2026$268B81 5-pillar Oct 4, 2026
F5, Inc. (FFIV) Same industry, near in market value$454.04 Oct 2, 2026$25.6B81 5-pillar Oct 4, 2026
Amphenol Corporation (APH) Named competitor$86.96 Oct 2, 2026$214B75 5-pillar Oct 4, 2026
MongoDB, Inc. (MDB) Same industry, near in market value$357.96 Oct 2, 2026$28.8B74 5-pillar Oct 4, 2026
CrowdStrike Holdings, Inc. (CRWD) Named competitor$270.04 Oct 2, 2026$275B69 5-pillar Oct 4, 2026
Sony Group Corporation (SONY) Named competitor$23.82 Oct 2, 2026$140B69 5-pillar Oct 4, 2026
Palo Alto Networks (PANW) — this page$403.24$329B65

Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.

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The records behind this page

Analyst targets & estimates

What analysts have on file

Price target, low to high
$290.00 – $475.00
Consensus target
$398.70
Median target
$415.00

Consensus record · Captured .

Measured against a quoted price of $403.24 (as of Oct 2, 2026).

Insider activity

Form 4 records via FMP · Of the newest 60 records, those within the last 180 days, newest dated Sep 30, 2026

Transactions
60
Identified insiders
9
Purchases
0
Sales
51
Other transactions
9

Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

Who holds the shares?

Institutional ownership reported through 13F filings.

Institutional ownership
92.6% Period end Jun 30, 2026
Previous quarter · ownership
91.8% Prior to period end Jun 30, 2026
Reporting holders
3,052 Period end Jun 30, 2026
Previous quarter · holders
2,591 Prior to period end Jun 30, 2026
Who holds the shares? — reported evidence
Holders in provider snapshotShares
Blackrock, INC.75,753,509
Vanguard Capital Management LLC53,129,128
State Street Corp36,979,497
Morgan Stanley29,450,112
Invesco Ltd.25,647,946

Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.

PANW Technology Stock FAQ

Research dated 2026-09-12; the answers below are from that research, and the full attribution is under Sources. The last 2 questions are answered from this page's own dated data, not from the research.

What does Panorama control inside Palo Alto Networks’ platform?

Panorama centralizes management of firewall deployments across physical appliances, virtual instances, and public or private cloud environments. It connects the company’s appliance heritage with a broader software-managed security estate.

Sources (as of 2026-09-12): Business description

Why is Palo Alto Networks’ subscription segment more important than product sales?

Subscription revenue is the company’s largest reported segment, while support also exceeds product revenue. Customer spending therefore depends heavily on protection and service attached to deployed environments, not solely on new product placements.

Sources (as of 2026-09-12): Revenue by segment; Business description

What would confirm Palo Alto Networks’ NGS ARR outlook?

NGS annual recurring revenue and remaining performance obligations would need to advance along management’s stated path while reported revenue and operating profit remain supportive. Growth in the forward measures without profit conversion would leave the operating-leverage claim unresolved.

Sources (as of 2026-09-12): Management outlook — dated call excerpts; Quarterly income statement (USD thousands); Next earnings report

How does Cortex compare with network and AI security in Palo Alto Networks’ outlook?

Management expects Cortex revenue to expand faster than network and AI security revenue. That makes Cortex a useful test of whether the broader platform is producing growth beyond the company’s established network-security base.

Sources (as of 2026-09-12): Management outlook — dated call excerpts; Business description

What is the PANW stock price today?

The last price recorded on this page for Palo Alto Networks, Inc. (PANW) is $403.24, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.

What is the PANW price target?

The analyst consensus price target for Palo Alto Networks, Inc. (PANW) is $398.70 (range $290.00 to $475.00, median $415.00), per FMP data captured Oct 4, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Research written by Codex (gpt-5.6-sol) on 2026-09-12. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.

Sources (as of 2026-09-12): Legal name; Business description; Revenue by segment; Annual revenue and net result (USD millions); Quarterly income statement (USD thousands)

Sources — records for every figure on this page (83 figures)

The 83 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.

"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.

OFFICIAL — 2 facts from SEC filings and earnings calls

OFFICIAL facts used on this page
Fact IDFactValue as shownAs ofTierSource
prod.outlookManagement outlook — call excerptsDipak Golechha (Sep 1, 2026): For the fiscal first quarter 27, we expect for Q1, we expect NGS ARR of $9.54 billion to $9.56 billion or 63% growth We expect RPO of $20.8 billion to $20.9 billion or 34% to 35% growth, and we expect revenue of $3.3 billion to $3.31 billion or 33% to 34% growth. Dipak Golechha (Sep 1, 2026): For fiscal year 2027, we expect NGS ARR of $11.075 billion to $11.175 billion or 22% to 23% growth We expect RPO of $25.2 billion to $25.4 billion or 19% to 20% growth, and we expect revenue of $14.1 billion to $14.2 billion or 23% to 24% growth. Dipak Golechha (Sep 1, 2026): For fiscal year, 2027, we expect network and AI security revenue growth of low double digits year over year. We expect Cortex revenue up approximately 30% year over year, and we expect IDERA revenue of approximately $1.5 billion, representing pro form a growth of high teens to 20%. Dipak Golechha (Sep 1, 2026): Looking ahead to fiscal year 2027, we anticipate higher cost of goods sold will be more than offset by continued operating leverage as we scale efficiently and deliver on M&A synergies.OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.
id.hqSEC filing business addressSanta Clara, CAOFFICIALSEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "3000 Tannery Way, Santa Clara, CA, 95054, US".

FMP — 72 facts from Financial Modeling Prep endpoint families

FMP facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.nextNext earnings dateNov 18, 2026FMPFinancial Modeling Prep (FMP) earnings calendar — The date is our provider's estimate until the company confirms it.
px.lastLatest provided price$403.24FMPFinancial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-04T21:14:19.435Z.
px.changeChange on the day+1.76%FMPFinancial Modeling Prep (FMP) · quote
px.mcapMarket capitalisation$329BFMPFinancial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-02. FMP quote timestamp: 2026-10-02T20:00:01.000Z. Captured from FMP at 2026-10-04T21:14:16.933Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares.
px.change_absChange on the day, in dollars+$6.99FMPFinancial Modeling Prep (FMP) · quote
fin.q_revenueRevenue, Q4 FY2026$3.41BFMPFinancial Modeling Prep (FMP) · income statement (quarterly)
px.pePrice / earnings (trailing)876.61FMPFinancial Modeling Prep (FMP) · quote
px.volumeShares traded on the day4.91MFMPFinancial Modeling Prep (FMP) · quote
px.betaBeta0.91FMPFinancial Modeling Prep (FMP) company profile
id.ceoChief executiveNikesh AroraFMPFinancial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it.
id.founderFounder named in the filingNir Zuk — Founder Emeritus & AdvisorFMPFinancial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it.
id.employeesEmployees21,921FMPFinancial Modeling Prep (FMP) employee count, from the company's filing
fin.annualRevenue and net result by fiscal year5 fiscal years, FY2022 through FY2026: FY2022 revenue $5.50B, net result −$267.00M; FY2023 revenue $6.89B, net result $439.70M; FY2024 revenue $8.03B, net result $2.58B; FY2025 revenue $9.22B, net result $1.13B; FY2026 revenue $11.48B, net result $307.00MFMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
fin.rev_mixReported revenue segmentsProduct $2.28B · Support $2.96B · Subscription $6.24BFMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
fin.gross_marginGross margin (trailing twelve months)70.4%FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.q_table.depth.2026-07-31.revenue_kRevenue — period end 2026-07-31$3.41BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-07-31.rd_kR&D — period end 2026-07-31$779.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-07-31.sga_kSG&A — period end 2026-07-31$1.35BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-07-31.operating_result_kFMP standardized operating result — period end 2026-07-31$169.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-04-30.revenue_kRevenue — period end 2026-04-30$3.00BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-04-30.rd_kR&D — period end 2026-04-30$734.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-04-30.sga_kSG&A — period end 2026-04-30$1.48BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-04-30.operating_result_kFMP standardized operating result — period end 2026-04-30−$183.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-01-31.revenue_kRevenue — period end 2026-01-31$2.59BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-01-31.rd_kR&D — period end 2026-01-31$511.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-01-31.sga_kSG&A — period end 2026-01-31$1.00BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-01-31.operating_result_kFMP standardized operating result — period end 2026-01-31$400.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-10-31.revenue_kRevenue — period end 2025-10-31$2.47BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-10-31.rd_kR&D — period end 2025-10-31$528.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-10-31.sga_kSG&A — period end 2025-10-31$999.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-10-31.operating_result_kFMP standardized operating result — period end 2025-10-31$309.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
earn.history.depth.2026-09-01.revenue_actualRevenue · reported — report date 2026-09-01$3.41BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-09-01.revenue_estimatedRevenue · estimate — report date 2026-09-01$3.35BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-09-01.eps_actualEPS · reported — report date 2026-09-01$1.0200Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-09-01.eps_estimatedEPS · estimate — report date 2026-09-01$0.9780Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-06-02.revenue_actualRevenue · reported — report date 2026-06-02$3.00BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-06-02.revenue_estimatedRevenue · estimate — report date 2026-06-02$2.94BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-06-02.eps_actualEPS · reported — report date 2026-06-02$0.8500Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-06-02.eps_estimatedEPS · estimate — report date 2026-06-02$0.7930Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-17.revenue_actualRevenue · reported — report date 2026-02-17$2.59BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-17.revenue_estimatedRevenue · estimate — report date 2026-02-17$2.58BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-17.eps_actualEPS · reported — report date 2026-02-17$1.0300Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-17.eps_estimatedEPS · estimate — report date 2026-02-17$0.9390Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-19.revenue_actualRevenue · reported — report date 2025-11-19$2.47BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-19.revenue_estimatedRevenue · estimate — report date 2025-11-19$2.46BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-19.eps_actualEPS · reported — report date 2025-11-19$0.9300Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-19.eps_estimatedEPS · estimate — report date 2025-11-19$0.8910Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
fin.q_tableQuarterly income statement4 quarters through Q4 FY2026FMPFinancial Modeling Prep (FMP) · income statement (quarterly), as filed
fin.cash_investmentsCash and short-term investments$3.07BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review.
fin.opcf_latestLatest-quarter operating cash flow$1.36BFMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-07-31. Negative operating cash flow means cash used. This figure is not a cash-runway estimate.
fin.long_term_investmentsLong-term investments (classification unverified)$4.83BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.total_debtTotal debt$2.50BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.price_to_bookPrice to book value10.99×FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.opcf.depth.2026-07-31.operating_cash_flow_mOperating cash flow — period end 2026-07-31$1.36BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-04-30.operating_cash_flow_mOperating cash flow — period end 2026-04-30$871.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-04-30.capex_mCapital expenditure (reported) — period end 2026-04-30−$83.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-01-31.operating_cash_flow_mOperating cash flow — period end 2026-01-31$554.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-10-31.operating_cash_flow_mOperating cash flow — period end 2025-10-31$1.77BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-10-31.capex_mCapital expenditure (reported) — period end 2025-10-31−$84.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
earn.pt_rangeAnalyst price target, low to high$290.00 – $475.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_consensusConsensus analyst price target$398.70FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_medianMedian analyst price target$415.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
own.insidersInsider transactions via FMP60 transactions · 0 purchases, 51 sales, 9 other transactions · 9 identified insiders · of the newest 60 records, those within the last 180 days, newest dated Sep 30, 2026FMPFinancial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
own.institutions.depth.ownership_pctInstitutional ownership92.6%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.ownership_pct_previous_quarterPrevious quarter · ownership91.8%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.institutions.depth.holdersReporting holders3,052FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.holders_previous_quarterPrevious quarter · holders2,591FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.top_holders.depth.holder_0.sharesBlackrock, INC. — shares in provider snapshot75,753,509FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_1.sharesVanguard Capital Management LLC — shares in provider snapshot53,129,128FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_2.sharesState Street Corp — shares in provider snapshot36,979,497FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_3.sharesMorgan Stanley — shares in provider snapshot29,450,112FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_4.sharesInvesco Ltd. — shares in provider snapshot25,647,946FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.

UNRECORDED — 3 facts from stored observations whose source was not recorded

UNRECORDED facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.historyReported versus estimated, recent quartersEPS beat 7 of 8UNRECORDEDStored earnings-history observation — Captured 2026-10-02 · Expired observation
fin.scoresDistress and quality screensAltman Z 9.67 · Piotroski F 4UNRECORDEDStored financial-scores observation — Captured 2026-10-03 · Expired observation
px.range5252-week range$139.57 – $409.50UNRECORDEDStored company-profile observation — Captured 2026-10-05

COMPUTED — 3 facts from our arithmetic, formula restated

COMPUTED facts used on this page
Fact IDFactValue as shownAs ofTierSource
fin.mcap_to_cashMarket value per dollar of cash and short-term investments107.13×—COMPUTEDComputed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $3.07B at Jul 31, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-02. Balance-sheet reference date: 2026-07-31. The inputs do not establish a single common source date for this ratio.
earn.history.depth.2026-09-01.revenue_actual.comparisonLatest report · revenue vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($3.41B) with the recorded estimate ($3.35B) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.
earn.history.depth.2026-09-01.eps_actual.comparisonLatest report · EPS vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($1.0200) with the recorded estimate ($0.9780) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.

OURS — 3 facts from Stock Expert AI's own score and rank

OURS facts used on this page
Fact IDFactValue as shownAs ofTierSource
ours.moonshotMoonshotScore v265 of 100 · Strong · pillars 55 / 63 / 21 / 44 / 96OURSStock Expert AI MoonshotScore v2 engine
ours.valuation_driverRecorded valuation score driverEnterprise value relative to EBITDA is the main valuation drag relative to sector peers.OURSStock Expert AI MoonshotScore v2 engine · stored factor contributions
ours.moonshot_changeMoonshotScore movement65 (stored snapshot Oct 3, 2026) → 65 (current publication computed Oct 4, 2026) (0)OURSStock Expert AI current score publication and immutable score snapshots

Fact-family notes

  1. Quarterly statement note. Source series as of 2026-07-31. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs: fin.q_table.depth.2026-07-31.revenue_k, fin.q_table.depth.2026-07-31.rd_k, fin.q_table.depth.2026-07-31.sga_k, fin.q_table.depth.2026-07-31.operating_result_k, fin.q_table.depth.2026-04-30.revenue_k, fin.q_table.depth.2026-04-30.rd_k, fin.q_table.depth.2026-04-30.sga_k, fin.q_table.depth.2026-04-30.operating_result_k, fin.q_table.depth.2026-01-31.revenue_k, fin.q_table.depth.2026-01-31.rd_k, fin.q_table.depth.2026-01-31.sga_k, fin.q_table.depth.2026-01-31.operating_result_k, fin.q_table.depth.2025-10-31.revenue_k, fin.q_table.depth.2025-10-31.rd_k, fin.q_table.depth.2025-10-31.sga_k, fin.q_table.depth.2025-10-31.operating_result_k.
  2. Earnings-history note. Source series as of 2026-09-01. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs: earn.history.depth.2026-09-01.revenue_actual, earn.history.depth.2026-09-01.revenue_estimated, earn.history.depth.2026-09-01.revenue_actual.comparison, earn.history.depth.2026-09-01.eps_actual.comparison, earn.history.depth.2026-09-01.eps_actual, earn.history.depth.2026-09-01.eps_estimated, earn.history.depth.2026-06-02.revenue_actual, earn.history.depth.2026-06-02.revenue_estimated, earn.history.depth.2026-06-02.eps_actual, earn.history.depth.2026-06-02.eps_estimated, earn.history.depth.2026-02-17.revenue_actual, earn.history.depth.2026-02-17.revenue_estimated, earn.history.depth.2026-02-17.eps_actual, earn.history.depth.2026-02-17.eps_estimated, earn.history.depth.2025-11-19.revenue_actual, earn.history.depth.2025-11-19.revenue_estimated, earn.history.depth.2025-11-19.eps_actual, earn.history.depth.2025-11-19.eps_estimated.
  3. Cash-flow note. Source series as of 2026-07-31. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs: fin.opcf.depth.2026-07-31.operating_cash_flow_m, fin.opcf.depth.2026-04-30.operating_cash_flow_m, fin.opcf.depth.2026-04-30.capex_m, fin.opcf.depth.2026-01-31.operating_cash_flow_m, fin.opcf.depth.2025-10-31.operating_cash_flow_m, fin.opcf.depth.2025-10-31.capex_m.
Published
Research standards
Methodology · Editorial policy · Corrections

Sources used for research written 2026-09-12

Historical evidence preserved with this analysis. Current figures are listed separately above.

EvidenceCaptured valueSource dateSource typeSource
Legal name
Palo Alto Networks Inc

Our market-data provider lists the name as "Palo Alto Networks, Inc."; the filer's own record is used here.

2026-09-10OFFICIALSEC EDGAR — 10-K filed 2026-09-10
Business description
Palo Alto Networks, Inc. is a global leader in providing advanced cybersecurity solutions. The company's core product line includes both hardware and software-based firewalls. It also offers Panorama, a sophisticated security management platform designed for centralized control of these firewall deployments, whether they are physical appliances, virtual instances, or situated in public or private cloud environments. Additionally, the firm provides virtual system upgrades to enhance the capacity of its physical firewall units. Complementing its core products, Palo Alto Networks delivers an extensive range of subscription services. These encompass robust threat prevention, protection against malware and advanced persistent threats, URL filtering, and security for both laptop and mobile devices. Further specialized subscriptions include DNS security, Internet of Things (IoT) security, SaaS security (via API and inline methods), threat intelligence, and data loss prevention. Beyond its product and subscription offerings, the company extends various expert services, such as cloud security, secure access solutions, security analytics and automation tools, and specialized cybersecurity consulting, often integrated with threat intelligence. Its professional services cover critical areas like architectural design and planning, system implementation, configuration, and seamless firewall migration. Educational resources, including certifications and both online and in-classroom training, are also available, alongside comprehensive support services. Palo Alto Networks distributes its security solutions both directly and through an extensive network of channel partners. Its diverse clientele primarily comprises medium to large-scale enterprises, service providers, and governmental organizations across a wide array of industries. These sectors include education, energy, financial services, healthcare, internet and media, manufacturing, the broader public sector, and telecommunications. Established in 2005, Palo Alto Networks maintains its corporate headquarters in Santa Clara, California.
2026-09-12FMPFinancial Modeling Prep (FMP) company profile
Revenue by segment
Product: $2.28B; Support: $2.96B; Subscription: $6.24B
2026-07-31FMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
Annual revenue and net result (USD millions)
Captured record · 5 entries
  • FY2026 — R&D: $2.55B, Revenue: $11.48B, Period end: 2026-07-31, Net result: $307.00M
  • FY2025 — R&D: $1.98B, Revenue: $9.22B, Period end: 2025-07-31, Net result: $1.13B
  • FY2024 — R&D: $1.81B, Revenue: $8.03B, Period end: 2024-07-31, Net result: $2.58B
  • FY2023 — R&D: $1.60B, Revenue: $6.89B, Period end: 2023-07-31, Net result: $439.70M
  • FY2022 — R&D: $1.42B, Revenue: $5.50B, Period end: 2022-07-31, Net result: -$267.00M
2026-07-31FMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
Quarterly income statement (USD thousands)
Captured record · 8 entries
  • Quarter ended 2026-07-31 — EPS: -$0.35 per share, R&D: $779.00M, SG&A: $1.35B, EPS basic: -$0.35 per share, EPS basis: diluted, Revenue: $3.41B, EPS diluted: -$0.35 per share, Net result: -$282.00M, Gross profit: $2.30B, Operating result: $169.00M
  • Quarter ended 2026-04-30 — EPS: -$0.28 per share, R&D: $734.00M, SG&A: $1.48B, EPS basic: -$0.29 per share, EPS basis: diluted, Revenue: $3.00B, EPS diluted: -$0.28 per share, Net result: -$177.00M, Gross profit: $2.03B, Operating result: -$183.00M
  • Quarter ended 2026-01-31 — EPS: $0.6 per share, R&D: $511.00M, SG&A: $1.00B, EPS basic: $0.61 per share, EPS basis: diluted, Revenue: $2.59B, EPS diluted: $0.6 per share, Net result: $432.00M, Gross profit: $1.91B, Operating result: $400.00M
  • Quarter ended 2025-10-31 — EPS: $0.47 per share, R&D: $528.00M, SG&A: $999.00M, EPS basic: $0.49 per share, EPS basis: diluted, Revenue: $2.47B, EPS diluted: $0.47 per share, Net result: $334.00M, Gross profit: $1.84B, Operating result: $309.00M
  • Quarter ended 2025-07-31 — EPS: $0.36 per share, R&D: $503.50M, SG&A: $856.60M, EPS basic: $0.38 per share, EPS basis: diluted, Revenue: $2.54B, EPS diluted: $0.36 per share, Net result: $253.80M, Gross profit: $1.86B, Operating result: $497.20M
  • Quarter ended 2025-04-30 — EPS: $0.37 per share, R&D: $494.50M, SG&A: $956.40M, EPS basic: $0.39 per share, EPS basis: diluted, Revenue: $2.29B, EPS diluted: $0.37 per share, Net result: $262.10M, Gross profit: $1.67B, Operating result: $218.80M
  • Quarter ended 2025-01-31 — EPS: $0.38 per share, R&D: $505.70M, SG&A: $912.10M, EPS basic: $0.41 per share, EPS basis: diluted, Revenue: $2.26B, EPS diluted: $0.38 per share, Net result: $267.30M, Gross profit: $1.66B, Operating result: $240.40M
  • Quarter ended 2024-10-31 — EPS: $0.49 per share, R&D: $481.00M, SG&A: $818.00M, EPS basic: $0.54 per share, EPS basis: diluted, Revenue: $2.14B, EPS diluted: $0.49 per share, Net result: $351.00M, Gross profit: $1.58B, Operating result: $286.00M
2026-07-31FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements
Sector / industry (provider taxonomy)
Technology / Software - Infrastructure

The company's SEC filings classify it under SIC 3577 — Computer Peripheral Equipment, NEC.

2026-09-12FMPFinancial Modeling Prep (FMP) company profile
Reported versus estimated, last 8 quarters
Captured record · 8 entries
  • Reported 2026-09-01 — EPS actual: $1.02 per share, EPS estimated: $0.978 per share, Revenue actual: $3.41B, Revenue estimated: $3.35B
  • Reported 2026-06-02 — EPS actual: $0.85 per share, EPS estimated: $0.793 per share, Revenue actual: $3.00B, Revenue estimated: $2.94B
  • Reported 2026-02-17 — EPS actual: $1.03 per share, EPS estimated: $0.939 per share, Revenue actual: $2.59B, Revenue estimated: $2.58B
  • Reported 2025-11-19 — EPS actual: $0.93 per share, EPS estimated: $0.891 per share, Revenue actual: $2.47B, Revenue estimated: $2.46B
  • Reported 2025-08-18 — EPS actual: $0.95 per share, EPS estimated: $0.885 per share, Revenue actual: $2.54B, Revenue estimated: $2.50B
  • Reported 2025-05-20 — EPS actual: $0.8 per share, EPS estimated: $0.772 per share, Revenue actual: $2.29B, Revenue estimated: $2.28B
  • Reported 2025-02-13 — EPS actual: $0.81 per share, EPS estimated: $0.779 per share, Revenue actual: $2.26B, Revenue estimated: $2.24B
  • Reported 2024-11-20 — EPS actual: $0.78 per share, EPS estimated: $1.48 per share, Revenue actual: $2.14B, Revenue estimated: $2.12B
2026-09-01FMPFinancial Modeling Prep (FMP) earnings
Management outlook — dated call excerpts
Captured record · 4 entries
  • Call of 2026-09-01 — Quote: For the fiscal first quarter 27, we expect for Q1, we expect NGS ARR of $9.54 billion to $9.56 billion or 63% growth We expect RPO of $20.8 billion to $20.9 billion or 34% to 35% growth, and we expect revenue of $3.3 billion to $3.31 billion or 33% to 34% growth., Speaker: Dipak Golechha
  • Call of 2026-09-01 — Quote: For fiscal year 2027, we expect NGS ARR of $11.075 billion to $11.175 billion or 22% to 23% growth We expect RPO of $25.2 billion to $25.4 billion or 19% to 20% growth, and we expect revenue of $14.1 billion to $14.2 billion or 23% to 24% growth., Speaker: Dipak Golechha
  • Call of 2026-09-01 — Quote: For fiscal year, 2027, we expect network and AI security revenue growth of low double digits year over year. We expect Cortex revenue up approximately 30% year over year, and we expect IDERA revenue of approximately $1.5 billion, representing pro form a growth of high teens to 20%., Speaker: Dipak Golechha
  • Call of 2026-09-01 — Quote: Looking ahead to fiscal year 2027, we anticipate higher cost of goods sold will be more than offset by continued operating leverage as we scale efficiently and deliver on M&A synergies., Speaker: Dipak Golechha

Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.

2026-09-01OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP)
Cash, investments and debt
Total debt: $2.50B; Liquidity basis: cash and short-term investments; Total liabilities: $20.97B; Cash and short-term investments: $3.07B; Cash and investments: $7.91B; Long-term investments: $4.83B; Long-term investments classification: unclassified

Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.

2026-07-31FMPFinancial Modeling Prep (FMP), from the company's balance sheet
Cash and investment components
Total basis: cash short and long-term investments; Total: $7.91B; Cash and short-term investments: $3.07B; Long-term investments: $4.83B; Long-term investments classification: unclassified

Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures.

2026-07-31COMPUTEDComputed from the balance sheet
Operating cash flow by quarter (USD millions)
Captured record · 8 entries
  • Quarter ended 2026-07-31 — Capital expenditure: -$84.00M, Operating cash flow: $1.36B
  • Quarter ended 2026-04-30 — Capital expenditure: -$83.00M, Operating cash flow: $871.00M
  • Quarter ended 2026-01-31 — Capital expenditure: $84.00M, Operating cash flow: $554.00M
  • Quarter ended 2025-10-31 — Capital expenditure: -$84.00M, Operating cash flow: $1.77B
  • Quarter ended 2025-07-31 — Capital expenditure: $159.90M, Operating cash flow: $1.02B
  • Quarter ended 2025-04-30 — Capital expenditure: -$68.30M, Operating cash flow: $628.70M
  • Quarter ended 2025-01-31 — Capital expenditure: -$47.50M, Operating cash flow: $556.90M
  • Quarter ended 2024-10-31 — Capital expenditure: -$44.10M, Operating cash flow: $1.51B
2026-07-31FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements
Cash and short-term investments over time (USD millions)
Captured record · 8 entries
  • 2026-07-31 — Amount: $3.07B, Cash basis: cash and short-term investments
  • 2026-04-30 — Amount: $3.11B, Cash basis: cash and short-term investments
  • 2026-01-31 — Amount: $4.54B, Cash basis: cash and short-term investments
  • 2025-10-31 — Amount: $4.22B, Cash basis: cash and short-term investments
  • 2025-07-31 — Amount: $2.90B, Cash basis: cash and short-term investments
  • 2025-04-30 — Amount: $3.30B, Cash basis: cash and short-term investments
  • 2025-01-31 — Amount: $3.23B, Cash basis: cash and short-term investments
  • 2024-10-31 — Amount: $3.39B, Cash basis: cash and short-term investments
2026-07-31FMPFinancial Modeling Prep (FMP), from the company's quarterly balance sheets
Cash decline over the reported window
To: 2026-07-31; From: 2024-10-31; Periods: 7; Cash basis: cash and short-term investments; Closing balance: $3.07B; Decline: $320.00M; Opening balance: $3.39B; Average change per period: $45.70M

Change in cash, cash equivalents and short-term investments between the 2024-10-31 and 2026-07-31 balance sheets.; This is a balance change, not operating burn: financing and investing move it too.; Averaged over 7 reporting periods of unequal length.

2026-07-31COMPUTEDComputed from reported balances
Trailing twelve-month ratio set
Quick ratio: 0.87; Current ratio: 0.87; Debt to equity: 0.09; Net margin: 2.7%; Gross margin: 70.4%; Operating margin: 6.1%; Return on assets: 0.6%; Return on equity: 1.7%

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero.

2026-09-12FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm
Distress and quality screens
Altman Z-score: 8.03; Piotroski F-score: 4

Altman Z below 1.8 is the conventional distress zone. For a company holding large cash against negative retained earnings the score mostly reflects the retained-earnings term.

2026-09-12FMPFinancial Modeling Prep (FMP) financial scores
Cash against market value
As of: 2026-07-31; Cash basis: cash and short-term investments; Net cash: $571.00M; Total debt: $2.50B; Cash and investments: $3.07B

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them.

2026-07-31COMPUTEDComputed from the balance sheet and the latest market capitalization
Next earnings report
Date: 2026-11-18; EPS estimate: $0.97 per share; Revenue estimate: $3.31B

The date is our provider's estimate until the company confirms it.

2026-09-12FMPFinancial Modeling Prep (FMP) earnings calendar
Data Sources & Methodology
Figures come from Financial Modeling Prep (FMP). If FMP has no figure for a ticker, a price or fundamental may come from a Yahoo Finance fallback, or a price from an Alpaca fallback. SEC EDGAR is used only for filing links and company identity details (legal name, address), never for figures. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

ETFs that hold PANW

Funds in our ETF coverage that list PANW among the top 10 holdings on their fund page, largest weight first. Each weight is the fund's reported holding weight as of the date in its row.

ETFWeightHoldings as of
iShares Expanded Tech-Software Sector ETF (IGV)4.97%
TSCM ETF3.51%
AIFD ETF3.41%
State Street SPDR S&P Kensho Future Security ETF (FITE)2.03%