Palo Alto Networks, Inc. (PANW) Earnings Call Transcripts
Palo Alto Networks, Inc.'s Latest Earnings Call - Q3 FY2026
Palo Alto Networks reported exceptional results for Q3 FY2026, delivering $3 billion in revenue, a 31% year-over-year increase, and exceeding all guidance metrics. The company achieved $8.13 billion in Next-Generation Security (NGS) Annual Recurring Revenue (ARR), reflecting a remarkable 60% growth year-over-year. Management raised guidance for both Q4 and the full fiscal year 2026, signaling strong momentum driven by organic bookings and successful integration of recent acquisitions, particularly CyberArk and Chronosphere.
Reported metrics
| Metric | Value |
|---|---|
| Total Revenue | $3 billion (beat) |
| NGS ARR | $8.13 billion (beat) |
| Remaining Performance Obligation (RPO) | $18.4 billion (beat) |
| Gross Margin | 75.8% (beat) |
| Non-GAAP EPS | $0.85 (beat) |
| SASE ARR | $1.6 billion (beat) |
Guidance from management
Management raised guidance for Q4 FY2026, expecting NGS ARR of $8.9 billion to $8.95 billion and revenue of $3.345 billion to $3.355 billion. For FY2026, they anticipate revenue of $11.415 billion to $11.425 billion, reflecting 24% growth.
What management said
So I just want to say thank you. We officially declare [ SaaSpocalypse ] for cybersecurity dead. I want to thank our partners, our employees, and all of you guys for supporting us. See you guys next quarter.
What analysts pressed on
Analysts expressed concerns regarding the integration of CyberArk and its impact on overall performance. There were also questions about the sustainability of high growth rates in the face of increasing competition and evolving AI threats, particularly regarding the effectiveness of automated defenses against sophisticated attacks.
Main topics on the call
- Record Revenue and ARR Growth — Palo Alto Networks achieved $3 billion in total revenue for Q3, growing 31% year-over-year, with NGS ARR reaching $8.13 billion, a 60% increase. Management stated, "Our Q3 performance was exceptional as we delivered a re...
- Strong Demand for Cybersecurity Solutions — The company noted a significant surge in demand for its cybersecurity solutions, particularly as AI technologies evolve. Nikesh Arora highlighted that "the emergence of these latest models makes [existing latency gaps] c...
- Platformization Strategy Success — Palo Alto's platformization strategy is gaining traction, with 110 net new platformizations in Q3 and a total of 2,280 platformized customers. Management emphasized that these engagements represent deep architectural com...
- Guidance Increase — Management raised guidance for Q4 FY2026, expecting NGS ARR of $8.9 billion to $8.95 billion, representing 59% to 60% growth. They also projected FY2026 revenue between $11.415 billion and $11.425 billion, or 24% growth,...
Read the full Palo Alto Networks, Inc. transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Palo Alto Networks, Inc.
Palo Alto Networks, Inc. (PANW) is a publicly listed company in the Software industry, within the Information Technology sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 87 calls on record spanning February 24, 2020 to June 2, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 87 Palo Alto Networks, Inc. earnings call transcripts on record, spanning February 24, 2020 to June 2, 2026. Based on this history, Palo Alto Networks, Inc. reports quarterly. The most recent call on file is dated June 2, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- PANW
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Information Technology
- Industry
- Software
- Calls on record
- 87
- First call
- February 24, 2020
- Most recent
- June 2, 2026
- Reporting cadence
- quarterly