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Palo Alto Networks, Inc. PANW Q3 2026 earnings

Reported June 2, 2026 · After market close

Revenue$3.0BBeat by $58.7M
EPS$0.85Beat by $0.06
Revenue estimate$2.9B
EPS estimate$0.79
“Q3 was a standout quarter for Palo Alto Networks, with accelerating organic bookings growth as customers turn to us to secure their AI deployments at scale, The latest advancements at the AI frontier have increased the level of urgency around cybersecurity, and redefined the shape of the industry for the coming years.”
Nikesh Arora

Next report

Sep 1, 2026 (In 4 days)
Revenue estimate$3.4B
EPS estimate$0.98

Financials

Q3 2026

Income statement

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Revenue$3.0B+31.1%
Gross profit$2.0B+21.4%
Operating income-$183.0M-184%
Net income-$177.0M-168%
EPS (diluted)-$0.22-159%

Balance sheet

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Cash & equivalents$2.4B-0.9%
Total debt$2.2B+206%
Total equity$27.7B+283%
Total assets$46.3B+110%

Cash flow

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Operating cash flow$871.0M+38.7%
CapEx$83.0M+22.1%
Free cash flow$788.0M+40.7%

Valuation & ratios

Valuation

as of 08/27/26
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Market cap$276.54B+121%
Enterprise value$276.39B+124%
P/E328.1×+218×
P/S26.1×+12.5×

Profitability

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Gross margin71.9%-1.6pp
Operating margin9.6%-1.5pp
Net margin7.9%-6.0pp
FCF margin35.8%+2.0pp

Returns & leverage

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Return on equity4.8%-16.3pp
Debt / equity0.1×0.0×
Current ratio0.9×0.0×

Segments

By geography

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Europe, the Middle East, and Africa (“EMEA”)$633.0M+31.9%
Asia Pacific and Japan (“APAC”)$351.0M+25.8%
Other Americas$164.0M+56.2%

By product

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Subscription$1.6B+32.3%
Support$776.0M+28.9%

FAQ

When did Palo Alto Networks, Inc. report Q3 2026 earnings?
Palo Alto Networks, Inc. (PANW) reported Q3 2026 earnings on June 2, 2026 after market close.
What were Palo Alto Networks, Inc.'s Q3 2026 revenue and EPS?
Palo Alto Networks, Inc. reported revenue of $3.0B and eps of $0.85 for Q3 2026.
Did Palo Alto Networks, Inc. beat estimates in Q3 2026?
Revenue beat the consensus estimate of $2.9B by $58.7M. EPS beat the consensus estimate of $0.79 by $0.06.
How did Palo Alto Networks, Inc.'s Q3 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 31.1% from $2.3B a year earlier and eps grew 6.2% from $0.80.
Where can I find Palo Alto Networks, Inc.'s Q3 2026 SEC filings?
You can read the 8-K earnings release (0001327567-26-000012) and the 10-Q periodic report (0001327567-26-000015) directly on SEC EDGAR. The filing index links above go to sec.gov.