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Palo Alto Networks, Inc. (PANW)

371.59 -11.26 (-2.94%)
At close: August 28 at 4:00:00 PM EDT
369.50 -2.09 (-0.56%)
Pre-Market: 8:36:01 AM EDT
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PANW Q4 2026 earnings call
September 1, 2026 at 4:30 PM EDT
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Palo Alto Networks is set to report Q4 earnings on September 1, 2026, with expectations of 32% revenue growth year-over-year. The cybersecurity sector is buoyed by strong results from peers, but analysts caution about the stock's steep valuation and the need for solid guidance to sustain recent gains.

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  • Previous Close 382.85
  • Open 377.26
  • Bid 349.56 x 100
  • Ask 390.47 x 100
  • Day's Range 355.55 - 378.52
  • 52 Week Range 139.57 - 398.88
  • Volume 5,843,646
  • Avg. Volume 7,075,949
  • Market Cap (intraday) 302.846B
  • Beta (5Y Monthly) 0.89
  • PE Ratio (TTM) 323.12
  • EPS (TTM) 1.15
  • Earnings Date Sep 1, 2026
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 364.01

Palo Alto Networks, Inc. provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It offers Prisma Access, a secure access service edge solution; Strata Cloud Manager, a network security management solution; and Prisma AIRS to protect customers' entire AI ecosystem. It provides a comprehensive cloud native application protection platform; and Code to Cloud platform, as well as offers VM-Series and CN-Series virtual firewalls for inline network security on multi- and hybrid-cloud environments. It provides security operation solutions through the Cortex platform that includes Cortex XSIAM, an AI-driven security operations platform; Cortex XDR to prevent, detect, and respond to cybersecurity attacks; and Cortex XSOAR for security orchestration, automation, and response; and Cortex Xpanse for attack surface management, as well as offers threat intelligence and advisory services under the Unit 42 name. It provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline; and threat intelligence, data loss prevention, services to resolve network disruptions, and sensitive data protection. It offers professional services, including architecture design and planning, implementation, configuration, and firewall migration; education services, such as certifications, as well as online and in-classroom training; and support services. It sells its products and services through its channel partners, as well as directly to enterprises, service providers, and government entities operating in various industries, including education, energy, financial services, government entities, healthcare, Internet and media, manufacturing, public sector, and telecommunications. The company was incorporated in 2005 and is headquartered in Santa Clara, California.

www.paloaltonetworks.com

21,491

Full Time Employees

July 31

Fiscal Year Ends

Performance Overview

Trailing total returns as of 8/28/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

PANW
101.73%
S&P 500 (^GSPC)
12.65%

1-Year Return

PANW
94.53%
S&P 500 (^GSPC)
18.61%

3-Year Return

PANW
219.76%
S&P 500 (^GSPC)
73.95%

5-Year Return

PANW
383.34%
S&P 500 (^GSPC)
71.02%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized
 

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q3 FY26
Revenue 3B
Earnings -177M
Profit Margin -5.90%

Q4

FY25

Q1

FY26

Q2

FY26

Q3

FY26

0
1B
2B
3B
-5.0%
0.0%
5.0%
10.0%
15.0%
 

Analyst Insights

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Top Analyst

Mizuho
73/100
Latest Rating
Outperform
 

Analyst Price Targets

201.00 Low
364.01 Average
371.59 Current
475.00 High
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Latest Rating

Date 8/25/2026
Analyst JP Morgan
Rating Action Maintains
Rating Overweight
Price Action Raises
Price Target 326 -> 384
 

Statistics

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Valuation Measures

Annual
As of 8/27/2026
  • Market Cap

    312.02B

  • Enterprise Value

    310.98B

  • Trailing P/E

    332.91

  • Forward P/E

    92.59

  • PEG Ratio (5yr expected)

    4.24

  • Price/Sales (ttm)

    26.58

  • Price/Book (mrq)

    11.28

  • Enterprise Value/Revenue

    29.32

  • Enterprise Value/EBITDA

    155.96

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    7.95%

  • Return on Assets (ttm)

    1.77%

  • Return on Equity (ttm)

    4.83%

  • Revenue (ttm)

    10.61B

  • Net Income Avi to Common (ttm)

    842.9M

  • Diluted EPS (ttm)

    1.15

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    3.11B

  • Total Debt/Equity (mrq)

    7.70%

  • Levered Free Cash Flow (ttm)

    3.58B

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Company Insights

Fair Value

371.59 Current
 

Dividend Score

0 Low
Sector Avg.
100 High
 

Hiring Score

0 Low
Sector Avg.
100 High
 

Insider Sentiment Score

0 Low
Sector Avg.
100 High
 

Research Reports

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  • Hugging Face Breach by OpenAI's Models Reaffirms Our View on Cyber Importance in an AI World

    Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 80,000 enterprise customers across the world, including more than three-fourths of the Global 2000.

    Rating
    Price Target
     
  • Hugging Face Breach by OpenAI's Models Reaffirms Our View on Cyber Importance in an AI World

    Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 80,000 enterprise customers across the world, including more than three-fourths of the Global 2000.

    Rating
    Price Target
     
  • Hugging Face Breach by OpenAI's Models Reaffirms Our View on Cyber Importance in an AI World

    Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 80,000 enterprise customers across the world, including more than three-fourths of the Global 2000.

    Rating
    Price Target
     
  • Hugging Face Breach by OpenAI's Models Reaffirms Our View on Cyber Importance in an AI World

    Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 80,000 enterprise customers across the world, including more than three-fourths of the Global 2000.

    Rating
    Price Target
     

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