Palo Alto Networks, Inc. logo

Palo Alto Networks, Inc.

PANWNASDAQStock Fundamentals

Palo Alto Networks is a global cybersecurity leader providing integrated platforms designed to protect users, networks, clouds, and endpoints through AI-driven automation. The company's core value proposition centers on a 'platformization' strategy, enabling organizations to consolidate disparate security point products into a unified architecture for improved security outcomes and operational efficiency. Their comprehensive portfolio spans network security, cloud-native application protection, and advanced security operations.

Market Cap$211.33B
Revenue TTM$9.9B
Net Income TTM$1.3B
P/E Ratio164.86
Net Margin12.96%
EPS TTM$1.81
Free Cash Flow TTM$3.6B
Employees14.8K
CEONikesh Arora
CountryUnited States of America
Technology
Software - Infrastructure
SegmentsCybersecurity, Software - Infrastructure, Cloud Computing
Business ModelsSubscription SaaS, Hardware Sales, Professional Services, Usage-based Licensing
Most Recent EarningsFeb 17, 2026 · 3 months 10 days agoQ2 2026
View report
Next EarningsJun 2, 2026 · In 6 daysAfter Market Close · Q3 2026

Financials

Based on Q2 2026 filing

Gross Margin73.5%
Op. Margin14.37%
ROE16.26%
D/E3.96%
Current Ratio1.04
Total Debt$372.0M
Cash$4.2B
CapEx TTM$408.2M

Gross Profit

View metric

Net Income

View metric

Operating Cash Flow

View metric

Free Cash Flow

View metric

EPS (Diluted)

View metric

Business Segments

Network Security

primary

Provides zero trust security solutions for on-premises, branch, and remote environments. This segment includes hardware and software firewalls, secure access service edge (SASE) solutions, and a suite of cloud-delivered security services.

Products

Prisma Access, Prisma SD-WAN, Prisma Access Browser, ML-Powered Next-Generation Firewalls (NGFW), Prisma AIRS, Strata Cloud Manager, Strata Copilot, GlobalProtect, Advanced Threat Prevention, Advanced WildFire, Advanced URL Filtering, Advanced DNS Security, IoT/OT Security, Enterprise DLP, AIOps

Customers

Enterprises, Service Providers, Government Entities, Small Businesses

Security Operations (Cortex)

major

Delivers AI-powered platforms that transform security operations by unifying data, automation, and proactive protection. It focuses on endpoint security, threat detection, and the automation of incident response workflows.

Products

Cortex XSIAM, Cortex XDR, Cortex XSOAR, Cortex Xpanse, Cortex XDR Prevent, Cortex XDR Pro

Customers

Enterprise Security Operations Centers (SOC), Managed Security Service Providers (MSSP), Large Organizations

Cloud Security

major

Offers a Cloud Native Application Protection Platform (CNAPP) that secures multi-cloud and hybrid-cloud environments across the entire application development lifecycle. It integrates code-to-cloud security with real-time detection and response.

Products

Cortex Cloud, Prisma Cloud, VM-Series Virtual Firewalls, CN-Series Containerized Firewalls, Cloud NGFW

Customers

Cloud-native Organizations, Enterprises with Hybrid Cloud Infrastructure, Software Developers

Threat Intelligence and Advisory Services

moderate

Provides expert-led security consulting, incident response, and threat research to help organizations manage cyber risk. This segment also includes managed detection and response (MDR) and professional implementation services.

Products

Unit 42, Focused Services, Standard/Premium/Platinum Support, Professional Services, Education Services

Customers

Enterprises, Incident Response Clients, Channel Partners

Business Overview

Competitive Position

A leading global cybersecurity provider focused on platform consolidation and AI-driven security automation across network, cloud, and endpoint environments.

Geographies

Global, United States

Customer Segments

Enterprise, Government, Service Providers, Financial Services, Healthcare, Telecommunications

Upstream Dependencies

Electronics Manufacturing Services (EMS) providers, Original Design Manufacturers (ODM), Component Suppliers, Third-party Logistics Providers, Cloud Hosting Providers (AWS, Azure, Google Cloud)

Downstream Customers

Two-tier Distributors, Resellers, Global Systems Integrators, Managed Security Service Providers (MSSP), Direct Enterprise Customers

Palo Alto Networks, Inc. logo

Palo Alto Networks, Inc. FAQ

Common questions about Palo Alto Networks, Inc.

Palo Alto Networks is a global cybersecurity leader providing integrated platforms designed to protect users, networks, clouds, and endpoints through AI-driven automation. The company's core value proposition centers on a 'platformization' strategy, enabling organizations to consolidate disparate security point products into a unified architecture for improved security outcomes and operational efficiency. Their comprehensive portfolio spans network security, cloud-native application protection, and advanced security operations.

Palo Alto Networks, Inc. (PANW) has a market capitalization of $211.33B and trades on NASDAQ.

Palo Alto Networks, Inc. generated $9.9B in trailing twelve-month revenue with net income of $1.3B, representing a net margin of 13.0%. Gross margin stands at 73.5%, with free cash flow of $3.6B. These figures are based on the Q1 2026 filing.

Palo Alto Networks, Inc.'s key competitors include CrowdStrike Holdings, Inc., Fortinet, Inc., Cisco Systems, Inc., and others. These companies compete in similar markets and product categories.

Palo Alto Networks, Inc. has approximately 14,789 employees.