Palo Alto Networks, Inc.

Palo Alto Networks, Inc. Earnings Recaps

PANW Financials 1 recap
Q2 2026 Feb 18, 2026

Palo Alto Networks achieved robust fiscal Q2 2026 results, highlighted by a 15% revenue growth and a 28% increase in Net Generational Services (NGS) Annual Recurring Revenue (ARR), driven by strong demand for cybersecurity solutions.

Key takeaways
  • Operating margin exceeded 30% for the third consecutive quarter, indicating improving profitability.
  • Record 110 net new platformizations, raising total to approximately 1,550, alongside a net retention rate of 119%.
  • Successful integration of recent acquisitions, including CyberArk and Chronosphere, with positive feedback from customers on early implementations.
  • Continued leadership in AI security and platformization strategy supporting market expansion amidst rising security needs.
Full recap