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Palo Alto Networks, Inc. PANW Q2 2026 earnings

Reported February 17, 2026 · After market close

Revenue$2.6BBeat by $11.2M
EPS$1.03Beat by $0.09
Revenue estimate$2.6B
EPS estimate$0.94

Next report

Nov 18, 2026 (in a month)
Revenue estimate$3.3B
EPS estimate$0.97

Financials

Q2 2026

Income statement

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Revenue$2.6B+14.9%
Gross profit$1.9B+15.1%
Operating income$397.0M+64.7%
Net income$432.0M+61.8%
EPS (diluted)$0.61+60.5%

Balance sheet

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Cash & equivalents$4.2B+86.2%
Total debt$372.0M-58.5%
Total equity$9.4B+47.3%
Total assets$25.0B+19.2%

Cash flow

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Operating cash flow$554.0M-0.5%
CapEx$170.0M+254%
Free cash flow$384.0M-24.6%

Valuation & ratios

Valuation

as of 01/31/26
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Market cap$123.35B+104%
Enterprise value$119.55B+103%
P/E96.2×+48.1×
P/S12.5×+5.4×

Profitability

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Gross margin73.5%-0.4pp
Operating margin14.4%+3.4pp
Net margin13%-1.7pp
FCF margin36%+1.8pp

Returns & leverage

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Return on equity16.3%-7.1pp
Debt / equity0×-0.1×
Current ratio1×+0.2×

Segments

By geography

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Europe, the Middle East, and Africa (“EMEA”)$560.0M+16.7%
Asia Pacific and Japan (“APAC”)$322.0M+17.1%
Other Americas$124.0M+21.6%

By product

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Subscription$1.4B+13.9%
Support$676.0M+12.1%

FAQ

When did Palo Alto Networks, Inc. report Q2 2026 earnings?
Palo Alto Networks, Inc. (PANW) reported Q2 2026 earnings on February 17, 2026 after market close.
What were Palo Alto Networks, Inc.'s Q2 2026 revenue and EPS?
Palo Alto Networks, Inc. reported revenue of $2.6B and eps of $1.03 for Q2 2026.
Did Palo Alto Networks, Inc. beat estimates in Q2 2026?
Revenue beat the consensus estimate of $2.6B by $11.2M. EPS beat the consensus estimate of $0.94 by $0.09.
How did Palo Alto Networks, Inc.'s Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 14.9% from $2.3B a year earlier and eps grew 27.2% from $0.81.
Where can I find Palo Alto Networks, Inc.'s Q2 2026 SEC filings?
You can read the 8-K earnings release (0001327567-26-000003) and the 10-Q periodic report (0001327567-26-000005) directly on SEC EDGAR. The filing index links above go to sec.gov.