Palo Alto Networks Sees 29% Q3 Revenue Growth, 56% Security ARR Jump
PANW•Analysts expect Palo Alto Networks to post Q3 non-GAAP EPS of $0.79 on $2.943B revenue, up 29% year-over-year, with guidance of $2.941–2.945B. Next-Generation Security ARR is forecast at $7.94–7.96B for 56% growth, and full-year revenue is guided at $11.28–11.31B with a 37% free-cash-flow margin.
1. Q3 Fiscal 2026 Expectations
Analysts forecast $0.79 non-GAAP EPS on $2.943B revenue, reflecting 29% year-over-year growth. The company also guided Q3 revenue between $2.941B and $2.945B and EPS between $0.78 and $0.80.
2. Next-Generation Security ARR Guidance
Palo Alto Networks projects Next-Generation Security ARR to reach $7.94-7.96B, representing 56% annual growth compared to $6.3B last quarter. Platform consolidation strategy continues driving strong ARR momentum.
3. Full-Year Outlook and Stock Rally
Full-year revenue guidance is set at $11.28-11.31B with an adjusted free-cash-flow margin of 37%. The stock has surged 91% over the past three months, leaving limited room for error on execution.
