
• Reported GAAP EPS of $0.61 up 48.78% YoY • Reported revenue of $2.59B up 14.91% YoY • Palo Alto Networks expects Q3 FY26 revenue of $2.941 billion to $2.945 billion, with Next-Generation Security ARR of $7.94 billion to $7.96 billion, and diluted non-GAAP net income per share of $0.78 to $0.80.
Bullish
Palo Alto Networks achieved strong top-line growth and expanded non-GAAP operating margins, driven by accelerating platformization, AI adoption, and anticipated integration value from recent acquisitions.
Bearish
Palo Alto Networks faces risks including failure to achieve expected acquisition benefits, delays in new product development and market acceptance, and challenges in retaining key personnel amid competition.