Palo Alto Networks Reports Strong Q4 FY2026 Earnings with Record Revenue Growth
Palo Alto Networks (NASDAQ:PANW) reported strong financial results for the fourth quarter of fiscal year 2026, driven by robust growth across its network security platforms and SASE business. Total revenue reached $3.41 billion, a 34% increase from the prior year, while Next-Generation Security Annual Recurring Revenue (NGS ARR) hit $9.1 billion—up 63%. The company also reported Remaining Performance Obligations of $21.2 billion and Non-GAAP earnings per share of $1.02, surpassing guidance expectations. The results reflect strong adoption of platform-based solutions across the Cortex, Idira, Prisma Access, XSIAM, and Observability platforms. Notably, Prisma AIRS ARR surpassed $100 million within four quarters of launch, while SASE bookings grew 40% year over year. Management provided revenue guidance for Q1 FY27 between $3.3 billion to $3.31 billion and full-year revenue expectations from $14.1 billion to $14.2 billion. Despite the strong performance, management highlighted potential headwinds including rising commodity costs in hardware components like memory and storage, which impacted gross margins slightly year over year.
Tickers: $PANW
Topics: ARR growth free cash flow revenue SASE bookings