Palo Alto Networks, Inc. Q2 2026 Earnings Recap

PANW Q2 2026 February 18, 2026

Get alerts when PANW reports next quarter

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.

Earnings Per Share Beat

$1.03 vs $0.94 est.

+9.7% surprise

Revenue Beat

2594000000 vs 2582811000 est.

+0.4% surprise

Market Reaction

1-Day -6.82%

5-Day -9.05%

30-Day +0.87%

See PANW alongside your other holdings

Add to your portfolio — free

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.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit PANW on AllInvestView.