PANW
Palo Alto NetworksPrevious close
365.87
Change
−14.70 / −3.86%
P/E (TTM) ?
1,015.0
Market Cap
$296B
1M
−7.91%
S&P 500 −0.91% over same period
Volume / Avg Volume
7.6M / 5.5M
1.37× average
Latest earnings analysisFY2026 Q4Reported 2026-09-01
Palo Alto Networks FY2026: revenue up 24.5%, GAAP profit down 72.9%
Palo Alto Networks closed FY2026 with $11.48 billion of revenue, up 24.5% year over year, and an adjusted free cash flow margin of 38.4%, yet GAAP net income fell to $307 million and the next-quarter revenue guide sits about 2.0% below consensus. This is a fast-growing, cash-rich business whose reported profit is being squeezed by share-based compensation and acquisition accounting. Read the GAAP and non-GAAP lines side by side — the gap between them is the story.
Read the full analysis →Revenue$11.48BYoY +352.70%
EPS (non-GAAP)$1.02
Next-quarter revenue guidance$3.31B ±0.15%Below estimatesest. $3.37B
Next-day move−9.28%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q4 Quarter ended 2026-07 | 2026-09-01 | $11.5B | Read analysis → |
| FY2026 Q3 Quarter ended 2026-04 | 2026-06-02 | $3.0B | Pending |
| FY2026 Q2 Quarter ended 2026-01 | 2026-02-17 | $2.6B | Pending |
| FY2026 Q1 Quarter ended 2025-10 | 2025-11-19 | $2.5B | Pending |
| FY2025 Q4 Quarter ended 2025-07 | 2025-08-18 | $9.2B | Pending |
| FY2025 Q3 Quarter ended 2025-04 | 2025-05-20 | $2.3B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 100 of its 5-year rangeExpensive
5-year range 44.4 – 314.6 · Median 120.0
Last 4 quarters: $0 in buybacks + $0 in dividends, 0.00% of market cap combined
P/E (TTM)
1,015.0
P/B
11.3
P/S
27.1
PEG
5.84
Earnings Reaction
Over the last 6 reports, the stock moved ±6.5% on average on the first trading day after, rising 1 times
Most recent −9.28%
Guidance Credibility
Of the last 3 next-quarter revenue guides, 3 were met; actual results averaged 1.0% above guidance
Volatility & Correlation
1-year beta 1.26 · Correlation with S&P 500 0.32Tracks the market
Annualized volatility 50% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
Buy 0 · $0.00MSell 10 · $20.8MNet selling $20.8M
- 10-09Bawa AparnaDirectorSell$0.10M250 shares · 2 trades · Avg price 412.28
- 10-01Paul Josh D.Chief Accounting OfficerSell$0.16M400 shares · Avg price 395.70
- 09-24Bawa AparnaDirectorSell$0.10M260 shares · Avg price 392.69
- 09-24Golechha DipakEVP, Chief Financial OfficerSell$10.8M27,500 shares · 8 trades · Avg price 391.60
- 09-17GOETZ JAMES JDirectorSell$7.5M20,000 shares · 11 trades · Avg price 376.68
- 09-15Bawa AparnaDirectorSell$0.19M500 shares · Avg price 377.18
- 09-14Bawa AparnaDirectorSell$0.37M1,000 shares · Avg price 373.61
- 09-14Key John P.DirectorSell$0.94M2,500 shares · Avg price 376.03
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q4 | 3.41 | +34.5% | 67.6% | -0.28 | -0.46 |
| FY2026 Q3 | 3.00 | +31.1% | 67.6% | -0.18 | -0.22 |
| FY2026 Q2 | 2.59 | +14.9% | 73.6% | 0.43 | 0.61 |
| FY2026 Q1 | 2.47 | +15.7% | 74.2% | 0.33 | 0.47 |
| FY2025 Q4 | 2.54 | +15.9% | 73.2% | 0.25 | 0.36 |
| FY2025 Q3 | 2.29 | +15.3% | 73.0% | 0.26 | 0.37 |
| FY2025 Q2 | 2.26 | +14.3% | 73.5% | 0.27 | 0.38 |
| FY2025 Q1 | 2.14 | +13.9% | 74.1% | 0.35 | 0.49 |
| FY2024 Q4 | 2.19 | +12.1% | 73.8% | 0.36 | 0.25 |
| FY2024 Q3 | 1.98 | +15.3% | 74.1% | 0.28 | 0.39 |
| FY2024 Q2 | 1.98 | +19.3% | 74.7% | 1.75 | 2.44 |
| FY2024 Q1 | 1.88 | +20.1% | 74.8% | 0.19 | 0.56 |
| Ticker | P/E | Revenue YoY | Gross Margin | 1M | View |
|---|---|---|---|---|---|
| PANW | 1,015.0 | +34.5% | 67.6% | −7.91% | Neutral |
| NVDA | 25.8 | +105.9% | 75.0% | −10.39% | Bullish |
| AAPL | 39.3 | +16.4% | 50.1% | +3.49% | Bullish |
| MSFT | 27.2 | +18.8% | 67.8% | +1.76% | Bullish |
| AVGO | 40.4 | +85.5% | 69.1% | −7.15% | Bullish |
| MU | 11.8 | +379.3% | 86.8% | −16.93% | Bullish |
| AMD | 143.0 | +50.1% | 53.8% | −17.48% | Bullish |
| INTC | — | +20.9% | 43.0% | −45.30% | Bullish |
| PLTR | 156.5 | +92.8% | 84.7% | −1.57% | Bullish |