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Sentiment · FY2026 Q3
As of FY2026 Q2, the Tellvest earnings-call sentiment score for Palo Alto Networks (PANW) is 6/10.
Palo Alto Networks posted Q2 revenue of $2.59 billion, up 15%, with NGS ARR growing 33% to $6.33 billion including $200 million from Chronosphere. Record platformizations showed broad-based organic strength, with SASE surpassing $1.5 billion ARR and XSIAM exceeding $500 million ARR. The CyberArk and Chronosphere acquisitions closed with strong early momentum. However, FY2026 EPS guidance was lowered to $3.65-$3.70 due entirely to M&A dilution from the CyberArk 112 million share issuance.
Scored from Palo Alto Networks’s FY2026 Q2 earnings call. The newest quarter is available with Tellvest Pro.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $2.19B | +12.1% | $0.51 | +59.4% | 73.8% | 10.9% | 16.3% | $465M |
| FY2025 Q1 | $2.14B | +13.9% | $0.49 | +75.0% | 74.1% | 13.4% | 16.4% | $1.47B |
| FY2025 Q2 | $2.26B | +14.3% | $0.38 | -84.4% | 73.5% | 10.6% | 11.8% | $509M |
| FY2025 Q3 | $2.29B | +15.3% | $0.37 | -5.1% | 72.9% | 9.6% | 11.5% | $560M |
| FY2025 Q4 | $2.54B | +15.8% | $0.36 | -29.4% | 73.2% | 19.6% | 10.0% | $1.18B |
| FY2026 Q1 | $2.47B | +15.7% | $0.47 | -4.1% | 74.2% | 12.5% | 13.5% | $1.69B |
| FY2026 Q2 | $2.59B | +14.9% | $0.60 | +57.9% | 73.6% | 15.4% | 16.7% | $638M |
| FY2026 Q3 | $3.00B | +31.1% | $-0.28 | -175.7% | 67.6% | -6.1% | -5.9% | $788M |
Reporting soon: earnings call Tuesday, Sep 1
A pre-earnings brief is ready for PANW: the setup, what peers and partners said this season, and which analysts to watch. Reading it is a Tellvest Pro feature.
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