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Palo Alto Networks, Inc.

Palo Alto Networks, Inc.

NASDAQ•PANW
CEO: Mr. Nikesh Arora C.F.A.
Sector: Technology
Industry: Software - Infrastructure
Listing Date: 2012-07-20
Palo Alto Networks, Inc. provides cybersecurity solutions worldwide. The company's network security platforms include Prisma Access, a security services edge (SSE) solution, as well as Strata Cloud Manager, a network security management solution. It also provides cloud security solutions, including Prisma Cloud, a cloud native application protection platform; and Code to Cloud platform, as well as offers VM-Series and CN-Series virtual firewalls for inline network security on multi- and hybrid-cloud environments. In addition, the company provides security operation solutions through Cortex platform that includes Cortex XSIAM, an AI-driven security operations platform; Cortex XDR for the prevention, detection, and response to complex cybersecurity attacks; and Cortex XSOAR for security orchestration, automation, and response; and Cortex Xpanse for attack surface management, as well as offers threat intelligence and advisory services under the Unit 42 name. Further, it provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention. Additionally, the company offers professional services, including architecture design and planning, implementation, configuration, and firewall migration; education services, such as certifications, as well as online and in-classroom training; and support services. It sells its products and services through its channel partners, as well as directly to medium to large enterprises, service providers, and government entities operating in various industries, including education, energy, financial services, government entities, healthcare, Internet and media, manufacturing, public sector, and telecommunications. The company was incorporated in 2005 and is headquartered in Santa Clara, California.
Contact Information
3000 Tannery Way, Santa Clara, CA, 95054, United States
408-753-4000
www.paloaltonetworks.com
Market Cap
$130.86B
P/E (TTM)
118.9
65.8
Dividend Yield
--
52W High
$223.61
52W Low
$144.15
52W Range
65%
Rank39Top 29.7%
4.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q1 2026 Data

Revenue

$2.47B+15.67%
4-Quarter Trend

EPS

$0.49-9.26%
4-Quarter Trend

FCF

$1.69B+15.11%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Revenue Growth Strong Total Revenue reached $9.22B USD in FY2025, marking a 14.9% increase over prior year results.
NGS ARR Expansion Next-Generation Security ARR hit $5.6B USD, showing substantial growth driven by increased subscription adoption across platforms.
Strong Liquidity Position Total cash, equivalents, and investments reached $8.46B USD as of July 31, 2025, supporting future operations and strategy.
Gross Margin Stability Total Gross Margin remained high at 73.4% USD for FY2025, despite product mix shifts impacting hardware margins.

Risk Factors

Growth Management Strain Continued rapid growth places significant strain on management, systems, and controls; failure to scale could disrupt operations.
Revenue Growth Sustainability Prior revenue growth rates may not indicate future performance; inability to maintain growth risks profitability and stock volatility.
Geopolitical and Economic Uncertainty Global instability, including hostilities in Israel and geopolitical tensions, may adversely affect operating results and customer spending patterns.
Channel Partner Reliance Risk Substantial revenue relies on channel partners; failure of key distributors to perform limits product sales and distribution capabilities.

Outlook

Platformization Strategy Execution Strategy focuses on consolidating disparate products into tightly integrated platforms for more secure, faster, and cost-effective customer outcomes.
Future Investment Focus Plans include significant investment in R&D, product development, customer support, and expanding global sales headcount for future growth.
CyberArk Acquisition Integration Definitive agreement signed to acquire CyberArk; integration planning is underway, expected to close during the second half of fiscal 2026.
AI Ecosystem Expansion Continued development and deployment of AI across platforms, including Prisma AIRS, to enhance security posture and troubleshoot infrastructure health.

Peer Comparison

Revenue (TTM)

Accenture plcACN
$69.67B
+7.4%
Intel CorporationINTC
$53.44B
-1.5%
Adobe Inc.ADBE
$23.18B
+10.7%

Gross Margin (Latest Quarter)

Adobe Inc.ADBE
89.3%
-0.5pp
Fortinet, Inc.FTNT
81.5%
-1.0pp
Synopsys, Inc.SNPS
78.1%
-0.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
INTC$178.12B923.30.2%22.8%
APH$170.71B44.634.6%29.7%
ACN$168.31B21.825.6%12.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.1%
Moderate Growth
4Q Net Income CAGR
7.7%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years
  • Form 10-Q - Q1 2026

    Period End: Oct 31, 2025|Filed: Nov 20, 2025|
    Revenue: $2.47B+15.7%
    |
    EPS: $0.49-9.3%
    Miss
  • Form 10-K - FY 2025

    Period End: Jul 31, 2025|Filed: Aug 29, 2025|
    Revenue: $9.22B+14.9%
    |
    EPS: $1.71-57.7%
    Beat
  • Form 10-Q - Q3 2025

    Period End: Apr 30, 2025|Filed: May 21, 2025|
    Revenue: $2.29B+15.3%
    |
    EPS: $0.39-9.3%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jan 31, 2025|Filed: Feb 14, 2025|
    Revenue: $2.26B+14.3%
    |
    EPS: $0.41-85.0%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Oct 31, 2024|Filed: Nov 21, 2024|
    Revenue: $2.14B+13.9%
    |
    EPS: $0.54+74.2%
    Miss
  • Form 10-K - FY 2024

    Period End: Jul 31, 2024|Filed: Sep 6, 2024|
    Revenue: $8.03B+16.5%
    |
    EPS: $4.04+453.4%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Apr 30, 2024|Filed: May 21, 2024|
    Revenue: $1.98B+15.3%
    |
    EPS: $0.43+145.7%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jan 31, 2024|Filed: Feb 21, 2024|
    Revenue: $1.98B+19.3%
    |
    EPS: $2.74+1857.1%
    Beat