Product — Revenue:
Palo Alto Networks, Inc. Product — Revenue: decreased by 24.4% to $434.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 22.7%, from $353.80M to $434.00M. Over 4 years (FY 2021 to FY 2025), Product — Revenue: shows an upward trend with a 12.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong demand for on-premises security infrastructure and successful hardware sales cycles, while a decrease may indicate a shift toward cloud-based subscription models or market saturation.
Detailed definition
This metric represents the total revenue generated from the sale of hardware appliances and associated perpetual softwar...
Peer comparison
Comparable to hardware or perpetual license revenue reported by traditional enterprise infrastructure and legacy cybersecurity vendors.
panw_segment_product_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $288.90M | $339.40M | $295.50M | $308.00M | $351.50M | $408.10M | $330.00M | $352.90M | $388.10M | $507.40M | $341.10M | $390.70M | $391.00M | $480.50M | $353.80M | $421.50M | $452.70M | $573.90M | $434.00M |
| QoQ Change | — | +17.5% | -12.9% | +4.2% | +14.1% | +16.1% | -19.1% | +6.9% | +10.0% | +30.7% | -32.8% | +14.5% | +0.1% | +22.9% | -26.4% | +19.1% | +7.4% | +26.8% | -24.4% |
| YoY Change | — | — | — | — | +21.7% | +20.2% | +11.7% | +14.6% | +10.4% | +24.3% | +3.4% | +10.7% | +0.7% | -5.3% | +3.7% | +7.9% | +15.8% | +19.4% | +22.7% |
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Frequently Asked Questions
- What is Palo Alto Networks, Inc.'s product — revenue:?
- Palo Alto Networks, Inc. (PANW) reported product — revenue: of $434.00M in Q4 2025.
- How has Palo Alto Networks, Inc.'s product — revenue: changed year-over-year?
- Palo Alto Networks, Inc.'s product — revenue: increased by 22.7% year-over-year, from $353.80M to $434.00M.
- What is the long-term trend for Palo Alto Networks, Inc.'s product — revenue:?
- Over 4 years (2021 to 2025), Palo Alto Networks, Inc.'s product — revenue: has grown at a 12.0% compound annual growth rate (CAGR), from $1.09B to $1.71B.
- What does product — revenue: mean?
- Revenue earned from selling physical security hardware and perpetual software licenses.