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Palo Alto Networks, Inc. PANW Q4 2026 Annual earnings

Reported September 1, 2026 · After market close

Revenue$3.4BBeat by $58.3M
EPS$1.02Beat by $0.04
Revenue estimate$3.4B
EPS estimate$0.98
“We delivered a strong Q4 to close out the year, adding nearly $1 billion of Net New NGS ARR in a single quarter. The latest advancements in AI are elevating cybersecurity to the top of the CIO priority list, and will serve as durable tailwinds as we progress towards our $20 billion FY30 NGS ARR target.”
Nikesh Arora

Next report

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

Financials

Q4 2026

Income statement

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Revenue$3.4B+34.5%
Gross profit$2.3B+24.1%
Operating income$172.0M-65.4%

Balance sheet

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Cash & equivalents$2.5B+10.3%
Total debt$793.0M+90.0%
Total equity$27.5B+251%
Total assets$48.5B+106%

Cash flow

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Operating cash flow$1.4B+32.9%
CapEx$103.0M+18.4%
Free cash flow$1.3B+34.3%

Valuation & ratios

Valuation

as of 10/09/26
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Market cap$325.97B+124%
Enterprise value$324.25B+126%
P/S28.4×+12.6×

Profitability

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Gross margin70.4%-3.1pp
Operating margin6.1%-7.4pp
FCF margin35.8%-1.8pp

Returns & leverage

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Debt / equity0×0.0×
Current ratio0.9×-0.1×

Segments

By geography

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Europe, the Middle East, and Africa (“EMEA”)$714.0M+38.6%
Asia Pacific and Japan (“APAC”)$388.0M+33.8%
Other Americas$168.0M+47.4%

By product

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Subscription$1.8B+39.8%
Support$833.0M+28.7%

FAQ

When did Palo Alto Networks, Inc. report Q4 2026 earnings?
Palo Alto Networks, Inc. (PANW) reported Q4 2026 earnings on September 1, 2026 after market close.
What were Palo Alto Networks, Inc.'s Q4 2026 revenue and EPS?
Palo Alto Networks, Inc. reported revenue of $3.4B and eps of $1.02 for Q4 2026.
Did Palo Alto Networks, Inc. beat estimates in Q4 2026?
Revenue beat the consensus estimate of $3.4B by $58.3M. EPS beat the consensus estimate of $0.98 by $0.04.
How did Palo Alto Networks, Inc.'s Q4 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 34.4% from $2.5B a year earlier and eps grew 7.4% from $0.95.
Where can I find Palo Alto Networks, Inc.'s Q4 2026 SEC filings?
You can read the 8-K earnings release (0001327567-26-000019) and the 10-K periodic report (0001327567-26-000023) directly on SEC EDGAR. The filing index links above go to sec.gov.