Citable filing context
PANW's research view summarizes recent SEC filing context, starting with earnings from Jun 2, 2026.
| Filed | Item | Context |
|---|---|---|
| Jun 2, 2026 | earnings | Palo Alto Networks reported Q3 fiscal 2026 revenue of $3.0 billion, a 31% increase year-over-year. |
| Apr 13, 2026 | material_agreement | Palo Alto Networks extended leases for three Santa Clara buildings for 12 years, with rent abatement and $72.50/sq ft allowance. |
| Mar 23, 2026 | debt_offering | Palo Alto Networks reported CyberArk changed settlement method for its 0.00% Convertible Senior Notes due 2030. |
| Jun 2, 2026 | Guidance: adjusted_free_cash_flow_margin | 37.50 to 37.50 |
| Jun 2, 2026 | Guidance: next_gen_security_arr | 8.90 to 8.95 |
| Jun 2, 2026 | Guidance: next_gen_security_arr | 8.90 to 8.95 |
| Jun 3, 2026 | mda_quarterly | Palo Alto Networks reported third-quarter fiscal 2026 revenue of $3.0 billion, a 31% year-over-year increase, driven by its "platformization" strategy to consolidate disparate security point products. Next-Generation Security Annualized Recurring Revenue (NGS ARR) rose to $8.1 billion, and remaining performance obligations reached $18.4 billion. The company aggressively expanded its ecosystem through the $21.1 billion acquisition of CyberArk to establish the Idira identity security platform, the $3.0 billion acquisition of Chronosphere for cloud-native observability, and the acquisitions of Koi Security and Portkey to enhance Prisma AIRS AI security capabilities. Despite top-line growth, the company shifted to an operating loss of $183 million, with gross margins declining to 67.6% from 72.9% the previous year. This contraction resulted from increased personnel costs, higher cloud hosting expenses, and significant amortization of intangible assets following recent acquisitions. The company maintains a strong liquidity position with $7.0 billion in cash and investments, although it assumed $1.1 billion in convertible senior notes due 2030 through the CyberArk transaction. Primary risks include geopolitical instability in Israel and the Middle East, as well as macroeconomic pressures from inflation and high interest rates. |
| Feb 18, 2026 | mda_quarterly | Palo Alto Networks faces risks from critical accounting estimates and internal control deficiencies, which could adversely affect operating results and stock price. Growing regulatory and investor scrutiny on corporate responsibility, including new sustainability directives, may increase compliance costs and reputational exposure. Extensive governmental regulations across areas like privacy, data security, and anti-bribery also pose compliance risks, potentially impacting AI/machine learning innovation. The company's common stock experiences significant volatility due to factors such as product announcements, industry news, and geopolitical events. Future stock issuances for financings, acquisitions, or incentive plans, including the settlement of CyberArk's $1.25 billion 0.00% Convertible Senior Notes due 2030, could dilute existing shareholders. While a $1.0 billion share repurchase program remains authorized through December 2026, no shares were repurchased in the last quarter. PANW does not intend to pay dividends, retaining earnings for business expansion. Anti-takeover provisions are in place. Key executives have adopted Rule 10b5-1 trading plans for future stock sales. The company also requires additional capital for growth and acquisitions, and is exposed to risks from catastrophic events. |
Source: SEC EDGAR filing text and events; period Jun 2, 2026; filed Jun 2, 2026.
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