Palo Alto Networks Reports Fiscal Second Quarter 2026 Financial Results

Core Insights - Palo Alto Networks reported a 15% year-over-year revenue growth for fiscal Q2 2026, reaching $2.6 billion, compared to $2.3 billion in the same quarter of the previous year [1] - The company achieved a GAAP net income of $432 million, or $0.61 per diluted share, up from $267 million, or $0.38 per diluted share, in fiscal Q2 2025 [1] - Non-GAAP net income for the same period was $732 million, or $1.03 per diluted share, compared to $566 million, or $0.81 per diluted share, in the prior year [1] Financial Performance - Total revenue for fiscal Q2 2026 was $2.6 billion, a 15% increase from $2.3 billion in fiscal Q2 2025 [1] - GAAP net income rose to $432 million from $267 million year-over-year [1] - Non-GAAP operating income was reported at $785 million, with a non-GAAP operating margin of 30.3% [3] Key Metrics - Remaining performance obligation grew 23% year-over-year to $16.0 billion [1] - Next-Generation Security Annual Recurring Revenue (ARR) increased by 33% year-over-year to $6.3 billion [1] - For fiscal Q3 2026, the company expects total revenue between $2.941 billion and $2.945 billion, representing a year-over-year growth of 28% to 29% [1] Strategic Outlook - The company anticipates a diluted non-GAAP net income per share of $0.78 to $0.80 for fiscal Q3 2026 [1] - For the fiscal year 2026, total revenue is expected to be between $11.28 billion and $11.31 billion, indicating a year-over-year growth of 22% to 23% [1] - The company is focusing on integrating acquisitions, including CyberArk and Chronosphere, to drive future growth [1]