Can PANW's Platform Deals Drive Sustainable Double-Digit Growth?

Key Takeaways Palo Alto Networks ended fiscal 2025 with strong momentum in its large platform deals.Customers with more than $20M in NGS ARR jumped 80%, showing robust enterprise adoption.The Q4 platform wins topped $100M, supporting PANW's 14% FY26 revenue growth outlook.Palo Alto Networks (PANW) finished fiscal 2025 with strong results, helped by more customers choosing its platforms. In the fourth quarter of fiscal 2025, the company saw a record number of large platform deals.The platformization strategy ...