PANW Q4 2025

Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q1 2025

Earnings

Palo Alto Networks closed out fiscal 2025 on a strong note, posting Q4 revenue of $2.54 billion, up 15.8% year over year, and non-GAAP EPS of $0.95 against a consensus estimate of $0.89, a beat of 6.74%, as the company's platformization strategy cont… Read more Palo Alto Networks closed out fiscal 2025 on a strong note, posting Q4 revenue of $2.54 billion, up 15.8% year over year, and non-GAAP EPS of $0.95 against a consensus estimate of $0.89, a beat of 6.74%, as the company's platformization strategy continued to draw enterprise customers away from fragmented point-product security tools. Next-Generation Security ARR climbed 32% year over year to $5.60 billion, while remaining performance obligations grew 24% to $15.80 billion, signaling robust future revenue visibility that underpins management's fiscal 2026 guidance for total revenue of $10.48 billion to $10.53 billion and non-GAAP EPS of $3.75 to $3.85. The quarter also marked a milestone leadership transition, with founder Nir Zuk retiring after two decades and Chief Product Officer Lee Klarich stepping into the CTO role. Still, shares came under pressure following the print, as investors weighed near-term growth deceleration implied in Q1 FY2026 guidance of $2.45 billion to $2.47 billion in revenue against an otherwise constructive longer-term outlook.