Citable filing context
PANW's research view summarizes recent SEC filing context, starting with earnings from Sep 1, 2026.
| Filed | Item | Context |
|---|---|---|
| Sep 1, 2026 | earnings | Palo Alto Networks reported Q4 fiscal 2026 revenue of $3.41 billion, up 34% year-over-year. |
| Aug 21, 2026 | other | Palo Alto Networks approved a new executive severance policy and adopted amended and restated bylaws. |
| Jun 2, 2026 | earnings | Palo Alto Networks reported Q3 fiscal 2026 revenue of $3.0 billion, a 31% increase year-over-year. |
| Sep 1, 2026 | Guidance: adjusted_free_cash_flow_margin | 38.00 to 38.00 |
| Sep 1, 2026 | Guidance: next_generation_security_arr | 9.54 to 9.56 |
| Sep 1, 2026 | Guidance: next_generation_security_arr | 11.07 to 11.18 |
| Sep 10, 2026 | business | Palo Alto Networks provides global AI-driven cybersecurity solutions organized around a "platformization" strategy designed to simplify enterprise architectures by consolidating disparate point products. Its core offerings span three primary platforms: Network & AI Security, featuring Prisma SASE, ML-powered Next-Generation Firewalls, Cloud-Delivered Security Services, and Prisma AIRS; Cortex, encompassing security operations (Cortex XSIAM), cloud native application protection (Cortex Cloud), and observability (Chronosphere); and Idira, an enterprise identity security platform. The company accelerates platform expansion through strategic acquisitions, including Chronosphere, CyberArk, Koi Security, and Portkey. Go-to-market execution relies heavily on a two-tier indirect distribution model comprising over 8,700 channel partners, with two top distributors generating 30% of total fiscal 2026 revenue. All hardware manufacturing is outsourced to Flextronics. Palo Alto Networks operates in an intensely competitive landscape against tech majors and independent security vendors, including Microsoft, Cisco, CrowdStrike, and Fortinet. The business experiences seasonal demand, typically generating its strongest sequential revenue growth in its second and fourth fiscal quarters. As of July 31, 2026, the company employed 21,921 people globally and complemented its technology portfolio with threat intelligence, incident response, and managed defense services through Unit 42. |
| Sep 10, 2026 | mda | Palo Alto Networks delivered total revenue of $11.5 billion in fiscal 2026, representing 24% year-over-year growth driven by expanding platform adoption and strategic acquisitions. Subscription and support revenue rose to $9.2 billion, comprising 80.1% of total revenue, while product revenue grew 27% to $2.3 billion. Operating execution yielded strong top-line metrics: Next-Generation Security Annualized Recurring Revenue (NGS ARR) surged to $9.1 billion, Remaining Performance Obligations reached $21.2 billion, and non-GAAP free cash flow rose to $4.11 billion on $4.55 billion in operating cash flow. Gross margin contracted to 70.4% from 73.4%, and operating margin decreased to 6.1% from 13.5%. Profitability was suppressed by increased cloud hosting costs, higher intangible asset amortization, elevated sales and R&D headcount, supply chain friction, and $1.8 billion in share-based compensation. Growth was significantly bolstered by M&A, notably CyberArk (forming the Idira identity security platform and adding $1.1 billion in 2030 convertible senior notes), Chronosphere (observability), Koi, and Portkey (Prisma AIRS). Key operational risks include managing global trade policy, supply chain component costs, and ongoing geopolitical tensions in Israel and East Asia. Total cash and investments ended at $7.9 billion. |
Source: SEC EDGAR filing text and events; period Sep 1, 2026; filed Sep 1, 2026.
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