StockDriftsPalo Alto Networks Inc · PANW · 8-K · Filed
Reports Q4 revenue $3.41B, non-GAAP EPS $1.02; FY2027 revenue guidance $14.1B-$14.2B
Source: SEC EDGAR, accession 0001327567-26-000019 · Items 2.02, 9.01
What did Palo Alto Networks Inc announce?
Palo Alto Networks announced Q4 FY2026 financial results, with total revenue up 34% to $3.41 billion and non-GAAP diluted EPS of $1.02, also providing FY2027 guidance.
Palo Alto Networks reported its financial results for the fourth quarter and fiscal year ended July 31, 2026. Total revenue for the fourth quarter of fiscal year 2026 reached $3.41 billion, a 34% increase from $2.536 billion in the fourth quarter of fiscal year 2025. The company's Next-Generation Security Annual Recurring Revenue (ARR) also saw significant growth, climbing 63% year-over-year to $9.10 billion.
The company posted a GAAP net loss of $282 million, or ($0.35) per diluted share, for Q4 FY2026, compared to a GAAP net income of $254 million, or $0.36 per diluted share, in the same period last year. On a non-GAAP basis, diluted earnings per share were $1.02, an increase from $0.95 in Q4 FY2025. Remaining performance obligations also rose 34% year-over-year to $21.2 billion.
Looking ahead, Palo Alto Networks provided guidance for fiscal year 2027, projecting total revenue between $14.10 billion and $14.20 billion, which would represent a 23% to 24% year-over-year increase. They also anticipate Next-Generation Security ARR to be in the range of $11.075 billion to $11.175 billion for fiscal year 2027, an expected growth of 22% to 23%. Non-GAAP diluted net income per share for FY2027 is forecasted to be between $4.16 and $4.19.
Key details
- Q4 FY2026 total revenue grew 34% year-over-year to $3.41 billion.
- Next-Generation Security ARR grew 63% year-over-year to $9.10 billion.
- Non-GAAP diluted EPS for Q4 FY2026 was $1.02, up from $0.95 in Q4 FY2025.
- For FY2027, the company expects total revenue in the range of $14.10 billion to $14.20 billion, representing 23% to 24% year-over-year growth.
Reported results
| Measure | Reported |
|---|---|
| Period | Q4 FY2026 |
| Revenue | $3.41B |
| Revenue, year ago | $2.54B |
| Revenue growth, YoY | +34.5% |
| Diluted EPS | $-0.35 |
| Reporting currency | USD |
Figures as reported by Palo Alto Networks Inc in this filing, in USD. Year-over-year growth is calculated from the two revenue lines above.
Guidance
For the fiscal first quarter 2027, we expect: Next-Generation Security ARR of $9.54 billion to $9.56 billion, representing year-over-year growth of 63%; Remaining performance obligations of $20.8 billion to $20.9 billion, representing year-over-year growth of 34% to 35%; Total revenue in the range of $3.300 billion to $3.310 billion, representing year-over-year growth of 33% to 34%; Diluted non-GAAP net income per share in the range of $0.96 to $0.98. For the fiscal year 2027, we expect: Next-Generation Security ARR of $11.075 billion to $11.175 billion, representing year-over-year growth of 22% to 23%; Remaining performance obligations of $25.2 billion to $25.4 billion, representing year-over-year growth of 19% to 20%; Total revenue in the range of $14.10 billion to $14.20 billion, representing year-over-year growth of 23% to 24%; Non-GAAP operating margin of 29.5%; Diluted non-GAAP net income per share in the range of $4.16 to $4.19; Adjusted free cash flow margin to be 38.0%.
Why it matters
This 8-K reports a results announcement at Palo Alto Networks Inc. The likely share-price reaction reads as positive.