Palo Alto Networks FY26 net income drops 72.93% to $307 million; revenue rises 24% to $11.48 billion
PANW•FY26 results
- Palo Alto Networks revenue rose 24% to USD 11.48 billion; net income swung to USD 307 million from profit.
- Operating income fell to USD 695 million from USD 1.24 billion; operating margin narrowed 7.4 percentage points to 6.1%.
- Gross margin slipped 3 percentage points to 70.4%, with product margin down to 75.1% and subscription and support margin down to 69.2%.
Security and cash flow metrics
- Next-Generation Security ARR climbed to USD 9.1 billion; remaining performance obligations increased to USD 21.2 billion.
- Free cash flow (non-GAAP) increased to USD 4.11 billion; cash from operations rose to USD 4.55 billion.
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