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— Management
03Detailed Report
PANW.NE
Company PANW.NE
Period
Q1 2026
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 24, 2026
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Executive Summary
Palo Alto Networks delivered a robust start to QQ1 2026, with revenue of $2.474 billion, marking a 12.99% year-over-year gain and an 8.08% quarter-over-quarter rise. Gross profit of $1.836 billion produced a 74.21% gross margin, underscoring the durability of PANW’s software-driven mix and subscription-based model. Operating income reached $309 million (≈12.49% margin) and EBITDA stood at $412 million (约16.65% margin), reflecting continued operating leverage even as the company invests aggressively in R&D and go-to-market expansion to support multi-product adoption and cloud-security offerings. Net income was $334 million (net margin ≈13.50%), with diluted EPS of $0.47. While YoY net income declined about 6.6%, QoQ net profit surged ≈27.4% as the quarter benefited from favorable mix, cost management, and higher top-line contribution.
Key Performance Indicators
Revenue
Increasing
2.47B
QoQ: 8.08% | YoY: 12.99%
Gross Profit
Increasing
1.84B
74.21% margin
QoQ: 9.96% | YoY: 13.63%
Operating Income
Increasing
309.00M
QoQ: 41.22% | YoY: 29.61%
Net Income
Decreasing
334.00M
QoQ: 27.43% | YoY: -6.63%
EPS
Decreasing
0.49
QoQ: 25.64% | YoY: -2.97%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue: $2.474B, YoY +12.99%, QoQ +8.08% | Gross Profit: $1.836B, YoY +13.63%, QoQ +9.96%, Gross Margin: 74.21% | Operating Income: $309M, YoY +29.61%, QoQ +41.22%, Operating Margin: 12.49% | EBITDA: $412M, Margin 16.65% | Net Income: $334M, YoY -6.63%, QoQ +27.43%, Net Margin: 13.50% | EPS (GAAP): $0.49, Diluted: $0.47, YoY EPS -2.97%, QoQ +25.64% | Deferred Revenue: $6.132B | Cash & Equivalents: $3.066B; Cash & Short-Term Investments: $4.21B; Net Debt: -$2.72B | Total Liabilities: $14.871B; Total Shareholders’ Equity: $8.665B | Current Ratio: ~0.99; Quick Ratio (~cash + receivables)/current liabilities ≈ 0.75 | Long-Term Debt: $346M; Free cash flow not disclosed in provided data | Four-Quarter Revenue Trajectory (TTM): $2.439B (approx) to $2.474B, reflecting steady growth in software subscriptions and cloud-security adoption.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
2.47B
12.99%
8.08%
Gross Profit
1.84B
13.63%
9.96%
Operating Income
309.00M
29.61%
41.22%
Net Income
334.00M
-6.63%
27.43%
EPS
0.49
-2.97%
25.64%
Key Financial Ratios
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