PANW · Palo Alto Networks Inc

Track PANW — free

$363.85 -11.21 (-2.99%)

S&P 500 member Nasdaq-100 member Russell 1000 member Rebalance outlook locked

Market Cap

$305.88B

818.00M

Up next

Next earnings call

Dec 2, 2026 Est · unconfirmed · in 11 wks

Latest filing: 10-K

filed Sep 10, 2026

Metrics snapshot

Useful current figures from the complete screener profile.

View all 115 metrics

Revenue (TTM)

$11.48B

Trailing 12 months

Net income (TTM)

$307.00M

Trailing 12 months

Revenue growth YoY

+34.5%

Year over year

Operating margin

6.1%

Trailing 12 months

P / E (TTM)

937.7

Trailing earnings · reciprocal yield 0.1%

FCF yield

1.3%

TTM · current market cap

Return on invested capital

—

Trailing 12 months

Net cash

—

Latest balance sheet

Dividend yield

—

Trailing 12 months

Shares change YoY

+13.3%

Year over year · more shares

Price change (1Y)

+84.6%

Trailing year

Short interest

2.6%

Latest settlement · 3.9 days to cover

View all 115 metrics

AI Brief

Q4 FY26 earnings call · Sep 1, 2026

Q4 FY26

TL;DR. Palo Alto Networks closed fiscal 2026 with record results, exceeding guidance on every metric, growing NGS ARR 63% to $9.1B and revenue 34% YoY in Q4 to $3.41B, while guiding fiscal 2027 to revenue of $14.1–$14.2B (23–24% growth) and reaffirming its FY30 $20B NGS ARR target.

Bullish

+ Q4 NGS ARR grew 63% YoY to $9.1B with nearly $1B in net new NGS ARR added in a single quarter.
+ RPO surpassed the $20B threshold for the first time, closing at $21.2B, up 34% YoY.
+ Q4 total revenue grew 34% YoY to $3.41B and full-year revenue grew 24% to $11.5B.
+ Non-GAAP operating margin expanded 40 bps YoY to 29.2% for FY26 despite absorbing lower-margin acquisitions.
+ Q4 non-GAAP EPS of $1.02 exceeded the high end of guidance by $0.04 and adjusted free cash flow grew 35% YoY to $1.29B.

Bearish

− Q4 GAAP gross margin was 74.8%, down 100 bps YoY, and FY26 gross margin was 75.8%, down 60 bps YoY, due to SaaS mix shift.
− Q4 GAAP net loss was $282M, or ($0.35) per diluted share, versus GAAP net income of $254M a year ago.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice

Overall

Buy

SellHoldBuy

Technical Strong Buy Momentum Very Strong Sentiment Bullish Fundamentals Strong Quant / Vol Very High

Market backdrop VIX 15.4 · calm Equity put/call 0.52

Technical

price trend

Strong Buy

50 / 200-day cross No cross

Price vs 200-day avg +56%

above

Price vs 50-day avg +6%

above

RSI (14) 58

neutral

MACD trend Positive

52-week position 92%

near high

Momentum

relative strength

Very Strong

1-month return +4%

trailing

6-month return +140%

trailing

YTD return +104%

this year

Relative strength +122%

vs S&P · 6-mo

Sentiment

smart money

Bullish

Trend (MA cross) No cross

50d $352 › 200d $240 — 50d above 200d

Institutional flow Accumulating

+18% holders QoQ · +610 funds added

Insider flow Distributing

Net -$2.1M over 90 days · 100% sells

Short interest Falling

2.62% of float · ▼ -4.5% MoM · 3.9 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

2,943 holders — near 3-yr high, broad support

Squeeze score 54

elevated · 0–100

Fundamentals

Strong

Revenue growth +29%

Y/Y

Gross margin 355%

contracting

EPS growth −75%

Y/Y

Buyback $1.0B

remaining

Balance sheet $856.2M

net debt

Quant / Vol

risk profile

Very High

Volatility 47%

annualized · 1-yr

Max drawdown −36%

past year

ATR 5.1%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

what management promised — and delivered

Beat or met 8 of last 8

Latest guidance · from the Earnings Call filed Sep 1, 2026

fiscal first quarter 2027

NGS ARR Initiated $9.54B – $9.56B

RPO Initiated $20.8B – $20.9B

fiscal year 2027

NGS ARR Initiated $11.08B – $11.18B

RPO Initiated $25.2B – $25.4B

Operating margin Non-GAAP Initiated 29.5%

Prior guidance period ended · from the 8-K filed Aug 19, 2024

Total revenue · fiscal first quarter 2025 $2.1B – $2.13B

Diluted non-GAAP net income per share · fiscal first quarter 2025 $1.47 – $1.49

Total revenue · fiscal year 2025 $9.1B – $9.15B

Non-GAAP operating margin · fiscal year 2025 27.5% – 28%

Diluted non-GAAP net income per share · fiscal year 2025 $6.18 – $6.31

Adjusted free cash flow margin · fiscal year 2025 37% – 38%

Guided vs delivered · last 8 settled

Total revenue fiscal first quarter 2025

guided $2.1B – $2.13B

guided $2.1B – $2.13B $2.14B Beat +1.1%

Total revenue fiscal year 2025

guided $9.1B – $9.15B

guided $9.1B – $9.15B $9.22B Beat +1.1%

Total revenue fiscal fourth quarter 2024

guided $2.15B – $2.17B

guided $2.15B – $2.17B $2.19B Beat +1.3%

Total revenue fiscal year 2024

guided $7.99B – $8.01B

guided $7.99B – $8.01B $8.03B Beat +0.3%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Strong Buy

0 · 2 · 4

50 / 200-day cross

No cross Neutral

Price vs 200-day avg

+56% Bullish

Price vs 50-day avg

+6% Bullish

RSI (14)

58 Neutral

MACD trend

Positive Bullish

52-week position

92% Bullish

Market signals — smart money & positioning

Bullish · 3 of 6

Trend (MA cross) No cross

50d $352 › 200d $240 — 50d above 200d

Institutional flow Accumulating

+18% holders QoQ · +610 funds added

Insider flow Distributing

Net -$2.1M over 90 days · 100% sells

Short interest Falling

2.62% of float · ▼ -4.5% MoM · 3.9 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

2,943 holders — near 3-yr high, broad support

Price context

position in its 52-week range

Range low $142 Now $375 · 92% Range high $396

vs 200-day avg +56% vs 50-day avg +6%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings

Metric	Latest	Period	YoY
Aggregate purchase price	$1B	Year Ended July 31, 2026 filing	—
Next-Generation Security Annualized Recurring Revenue	$9.1B	fiscal 2026 filing	—
Number of shares repurchased	7M	Year Ended July 31, 2026 filing	—
Remaining performance obligations	$21.2B	fiscal 2026 filing	—
Weighted-average price per share	$147.7	Year Ended July 31, 2026 filing	—
Adjusted free cash flow non-GAAP	$4.41B	Year Ended July 31, 2026	—
Adjusted free cash flow margin non-GAAP	38.4%	fiscal year 2026	—
Free cash flow non-GAAP	$4.11B	Year Ended July 31, 2026	—
GAAP → non-GAAP reconciliation GAAP Net cash provided by operating activities 4.55B -440M Less: purchases of property, equipment, and other assets = Free cash flow (non-GAAP) 4.11B
Non-GAAP net income non-GAAP	$2.93B	Year Ended July 31, 2026	—
GAAP → non-GAAP reconciliation GAAP GAAP net income (loss) 307M +1.71B Share-based compensation-related charges +295M Acquisition-related costs +638M Amortization expense of acquired intangible assets +16M Litigation-related charges +562M Change in fair value of convertible senior notes and capped calls -599M Income tax and other tax adjustments = Non-GAAP net income 2.93B
Non-GAAP net income per share, diluted non-GAAP	$3.84	Year Ended July 31, 2026	—
GAAP → non-GAAP reconciliation GAAP GAAP net income (loss) per share, diluted $0.4 +$2.23 Share-based compensation-related charges +$0.39 Acquisition-related costs +$0.84 Amortization expense of acquired intangible assets +$0.02 Litigation-related charges +$0.74 Change in fair value of convertible senior notes and capped calls -$0.78 Income tax and other tax adjustments = Non-GAAP net income per share, diluted $3.84
Non-GAAP operating income non-GAAP	$3.36B	Year Ended July 31, 2026	—
GAAP → non-GAAP reconciliation GAAP GAAP operating income 695M +1.71B Share-based compensation-related charges +295M Acquisition-related costs +638M Amortization expense of acquired intangible assets +16M Litigation-related charges = Non-GAAP operating income 3.36B

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Software - Infrastructure — same industry group

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
PANW Palo Alto Networks Inc this stock	$305.88B	+103.6%	+29.0%	—	2.6%
MSFT Microsoft Corp	$3.75T	+2.9%	+6.9%	28.2	1.0%
ORCL Oracle Corp	$437.81B	-22.7%	+17.3%	22.7	1.5%
PLTR Palantir Technologies Inc.	$413.99B	-0.8%	+56.2%	147.2	2.7%
CRWD CrowdStrike Holdings, Inc.	$248.36B	—	+21.7%	4851.1	2.4%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders Accumulating

Holders

2,943

% held: 88.1%
Net QoQ: +55.5M sh
Top holder: BlackRock, Inc.

Held Float

View

Held by Funds

Fund positions

1,131

View

Short & Settlement

Short Interest Falling

Shares short

21.4M

Days to cover: 3.9d
Change: -1.0M sh

View

Short Volume

Short vol %

53%

As of: Sep 18, 2026

Short Total

View

Fails to Deliver

FTD shares

Value: $2.2K
As of: Aug 31, 2026

View

Off-Exchange

Off-exchange %

47.1%

Week of: Aug 10, 2026

Off-exch Lit

View

Smart Money

Insider Trades Net selling

Net (90d)

-$2.1M

Buyers / Sellers: 0 / 3

Buyers Sellers

View

Congressional Trades Sell

Member

John McGuire

Amount: $1.0K–$15.0K
Traded: Jul 31, 2026

View

Financials

Revenue (FY)

$11.5B

Net income (FY): $307.0M
EPS diluted: $0.40

View

Buybacks

Authorized

$5.1B

Remaining: $1.0B

Spent Remaining

View

Filings

SEC Filings

Latest

10-K

Filed: Sep 10, 2026
This year: 12

View

Proposed Sales

Value

$7.5M

Shares: 20.0K
Filed: Sep 17, 2026

View

Earnings & Events

Earnings Calls

Last call

Sep 1, 2026

View

Performance

	5D	20D	120D	MTD	YTD
PANW	+10.8%	+4.3%	+139.9%	-1.9%	+103.6%
SPY	+0.6%	-0.8%	+18.2%	-0.6%	+11.8%
vs SPY	+10.2%	+5.1%	+121.7%	-1.3%	+91.8%

Capital returns

Buyback program · as of Jul 31, 2026

Authorized

$5.10B

Spent (derived)

$4.10B

Remaining

$1.00B

Spent Remaining

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1327567 CUSIP 697435105 13F (30d) 77 filings 60 filers Visit website Investor relations

PANW · Palo Alto Networks Inc

Price & Indicators

Up next

Metrics snapshot

AI Brief

Equibles Rating

Guidance & track record

Technicals

Key metrics

Versus peers

At a glance

Performance

Capital returns