
Palo Alto Networks exceeded expectations with EPS at $0.93 versus an estimate of $0.89 and revenue at $2.47B versus an estimate of $2.46B; they project NGS ARR of $6.11 to $6.14 billion for Q2 '26 and $7 to $7.1 billion for FY 2026.
Bullish
Palo Alto Networks exceeded expectations across every guided metric with robust demand across their core business.
Bearish
AI is exposing cracks in enterprise architectures due to incomplete patches and missing platforms.