Exhibit 99.1 Palo Alto Networks Reports Fiscal Third Quarter 2025 Financial Results SANTA CLARA, Calif., May 20, 2025 — Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, announced today financial results for its fiscal third quarter 2025, ended April 30, 2025. Total revenue for the fiscal third quarter 2025 grew 15% year over year to $2.3 billion, compared with total revenue of $2.0 billion for the fiscal third quarter 2024. GAAP net income for the fiscal third quarter 2025 was $0.3 billio ...

Core Viewpoint - Palo Alto Networks reported a 15% year-over-year revenue growth for fiscal Q3 2025, reaching $2.3 billion, while maintaining strong profitability metrics [2][8]. Financial Performance - Total revenue for fiscal Q3 2025 was $2.3 billion, up from $2.0 billion in fiscal Q3 2024, reflecting a 15% increase [2][8]. - GAAP net income for fiscal Q3 2025 was $0.3 billion, or $0.37 per diluted share, compared to $0.3 billion, or $0.39 per diluted share, in the same quarter of the previous year [2][3]. - Non-GAAP net income for fiscal Q3 2025 was $0.6 billion, or $0.80 per diluted share, an increase from $0.5 billion, or $0.66 per diluted share, in fiscal Q3 2024 [3][22]. Strategic Developments - The company achieved a significant milestone by surpassing $5 billion in Next-Gen Security Annual Recurring Revenue (ARR), which grew 34% year-over-year to $5.1 billion [4][8]. - Remaining performance obligation increased by 19% year-over-year to $13.5 billion, indicating strong future revenue visibility [8][9]. Financial Outlook - For fiscal Q4 2025, the company expects Next-Gen Security ARR to be between $5.52 billion and $5.57 billion, representing a year-over-year growth of 31% to 32% [9]. - Total revenue guidance for fiscal year 2025 is projected to be between $9.17 billion and $9.19 billion, reflecting a year-over-year growth of 14% [9]. Operational Metrics - Non-GAAP operating margin for fiscal Q3 2025 was reported at 27.4%, compared to 25.6% in the same quarter of the previous year [21]. - The company’s total gross profit for fiscal Q3 2025 was $1.67 billion, up from $1.47 billion in fiscal Q3 2024 [20].

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Core Viewpoint - Palo Alto Networks is expected to report strong fiscal Q3 2025 results, driven by increased cybersecurity deal activity and a focus on platformization, with a price forecast of $225 from Wedbush analyst Daniel Ives [1][8]. Group 1: Financial Projections - The company anticipates Next-Gen Security Annual Recurring Revenue (NGS ARR) between $5.03 billion and $5.08 billion, reflecting a year-over-year increase of 33%-34% [9]. - Palo Alto Networks projects its Remaining Performance Obligation (RPO) to reach $13.50 billion to $13.60 billion, indicating a 19% to 20% year-over-year growth [9]. - For fiscal year 2025, total revenue is expected to increase by 14% year-over-year, with projected revenue of $9.17 billion and EPS of $3.21 [7][9]. Group 2: Strategic Initiatives - The company is focusing on a platformization strategy, which is expected to generate a more stable pipeline of deals, particularly with the increasing adoption of cloud services [2][4]. - Key products driving this strategy include XSIAM and Cortex XDR, which are supported by a steady booking pipeline of multi-million dollar deals [5]. - The recent launch of its AI suite, including Access and security posture management, is anticipated to enhance the scale of its platformization approach [6]. Group 3: Market Position and Trends - Palo Alto Networks is well-positioned to benefit from the AI Revolution, as cybersecurity is increasingly linked to enterprise AI initiatives [6]. - The company is expected to see incremental deal flow as more enterprises adopt AI projects, enhancing its market share in the cybersecurity landscape [5][6]. - The analyst notes that the focus of the upcoming conference call will be on deal metrics and insights from CEO Nikesh Arora, indicating a strong emphasis on performance and growth [7].

Core Viewpoint - Palo Alto Networks is set to report earnings, with expectations of a gain of $0.77/share on $2.27 billion in revenue, while the Whisper number suggests a gain of $0.78/share [2] Financial Performance - The company's earnings have shown consistent growth over the years, with earnings per share (EPS) increasing from $0.82 in 2020 to $2.84 in 2024, and projected to reach $3.23 in 2025 and $3.66 in 2026 [3] - The current price-to-earnings (P/E) ratio stands at 51, which is 2.1 times that of the S&P 500 [3] Technical Analysis - The stock has been in a downtrend since February 2025 but is currently forming a bullish cup-with-handle pattern, being only 7% below its record high of $208.39/share [4] Company Profile - Palo Alto Networks, Inc. provides a range of cybersecurity solutions globally, including network security platforms like Prisma Access and Strata Cloud Manager, as well as cloud security solutions such as Prisma Cloud [5] - The company also offers security operation solutions through its Cortex platform, which includes AI-driven security operations and threat intelligence services [6] - Its products and services are sold through channel partners and directly to medium to large enterprises across various industries, including healthcare, financial services, and telecommunications [8]

Group 1 - Palo Alto Networks, Inc. is set to release its third-quarter earnings results on May 20, with expected earnings of 77 cents per share, an increase from 66 cents per share in the same period last year [1] - The company is projected to report quarterly revenue of $2.28 billion, up from $1.98 billion a year earlier [1] - On April 28, Palo Alto Networks announced a definitive agreement to acquire Protect AI, which may impact its future growth and market position [2] Group 2 - Analyst Jonathan Ruykhaver from Cantor Fitzgerald reiterated an Overweight rating with a price target of $223 [8] - Jefferies analyst Joseph Gallo maintained a Buy rating and raised the price target from $215 to $225 [8] - Roth Capital analyst Taz Koujalgi initiated coverage with a Neutral rating and a price target of $210 [8] - Morgan Stanley analyst Hamza Fodderwala maintained an Overweight rating but reduced the price target from $230 to $205 [8] - Stephens & Co. analyst Todd Weller initiated coverage with an Equal-Weight rating and a price target of $205 [8]

Core Insights - Palo Alto Networks (NASDAQ:PANW) is expected to release its earnings report on May 20, 2025, with historical trends indicating a tendency for positive stock movement post-announcement [2][3] - The consensus forecast for the upcoming earnings report estimates earnings per share (EPS) of $0.77 on revenue of $2.28 billion, reflecting growth from the previous year's EPS of $0.66 and revenue of $1.98 billion [4] - The company currently has a market capitalization of $127 billion, with trailing twelve months revenue of $8.6 billion, operating profits of $942 million, and net income of $1.3 billion [5] Historical Performance - Over the past five years, Palo Alto Networks has recorded a positive one-day return in 70% of earnings announcements, with a median positive return of 7.4% and a maximum return of 18.6% [2][8] - In the last three years, the percentage of positive one-day returns slightly decreased to 67%, with a median of 7.4% for positive returns and -3.0% for negative returns [8] Trading Strategies - Event-driven traders can leverage historical trends by taking positions before earnings releases or assessing post-earnings returns to inform medium-term trading decisions [3][7] - A strategy involving the correlation between short-term (1D) and medium-term (5D) returns can be employed, particularly if a strong correlation is identified [7][8] Peer Influence - The performance of peer companies can impact the post-earnings reaction of Palo Alto Networks, with price adjustments potentially occurring before the earnings are disclosed [9]

Core Viewpoint - Palo Alto Networks is expected to report strong fiscal third-quarter results with projected revenues of $2.26-$2.29 billion, indicating a year-over-year growth of 14-15% [1][8] Revenue and Earnings Projections - The Zacks Consensus Estimate for fiscal third-quarter revenues is $2.27 billion, reflecting a growth of 14.6% from the previous year [1] - Non-GAAP earnings are projected to be 77 cents, representing a 16.7% increase from the same quarter last year [2] Performance History - Palo Alto Networks has consistently beaten the Zacks Consensus Estimate in the last four quarters, with an average surprise of 5.5% [5] Factors Influencing Q3 Results - The company is likely to benefit from strong deal wins and increased demand for its machine learning-powered security models [8] - The accelerated migration to cloud platforms and rising cyberattacks due to hybrid work environments are expected to drive demand for cybersecurity solutions [9] - FedRAMP recognitions for several products are enhancing adoption among government organizations [10] Challenges and Risks - The company faces challenges related to the transition from hardware to software and cloud-based solutions, which may impact gross margins [11] - There are concerns about softening IT spending due to macroeconomic uncertainties, which could affect revenue growth [15] - Increased competition from established players like CrowdStrike and Zscaler necessitates continuous investment in capabilities [18][19] Stock Performance and Valuation - Over the past year, Palo Alto Networks' shares have increased by 21.8%, underperforming the Zacks Internet – Software industry's return of 31.8% [12] - The company is trading at a forward 12-month P/S of 12.52X, which is lower than the industry's 14.04X, indicating a fair valuation [13] Investment Consideration - The company's innovative product offerings and expanding market opportunities in areas like Zero Trust and private 5G security solutions present growth potential [14] - Despite near-term challenges, the long-term outlook remains positive, making the stock worth holding [21]

Core Insights - Analysts expect Palo Alto Networks (PANW) to report quarterly earnings of $0.77 per share, reflecting a year-over-year increase of 16.7% [1] - Revenue is anticipated to reach $2.27 billion, marking a 14.6% increase from the same quarter last year [1] - The consensus EPS estimate has been revised 0.1% lower in the last 30 days, indicating a reevaluation of initial estimates by analysts [1][2] Revenue Projections - Analysts predict 'Revenue- Product' to be $418.98 million, indicating a year-over-year change of +7.2% [4] - The estimate for 'Revenue- Subscription and support' is $1.86 billion, suggesting a change of +16.4% year over year [4] - The 'Revenue- Subscription and support- Support' is estimated at $598.89 million, reflecting a +9.3% change from the prior-year quarter [4] Subscription Metrics - The average prediction for 'Revenue- Subscription and support- Subscription' is $1.25 billion, indicating a year-over-year change of +20% [5] - Analysts estimate 'Remaining Performance Obligation (RPO)' to reach $13.54 billion, up from $11.3 billion reported in the same quarter last year [5] Profit Projections - 'Product gross profit Non-GAAP' is projected to be $329.84 million, compared to $316.60 million in the same quarter last year [6] - 'Subscription and support gross profit Non-GAAP' is expected to reach $1.43 billion, up from $1.22 billion reported in the same quarter last year [6] Stock Performance - Palo Alto shares have increased by +12.5% in the past month, outperforming the Zacks S&P 500 composite's +9% [6] - The company holds a Zacks Rank 3 (Hold), indicating it is expected to closely follow overall market performance in the near term [6]

Core Viewpoint - The market anticipates Palo Alto Networks (PANW) will report a year-over-year increase in earnings and revenues for the quarter ended April 2025, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The upcoming earnings report is expected on May 20, 2025, with a consensus EPS estimate of $0.77, reflecting a +16.7% year-over-year change, and revenues projected at $2.27 billion, up 14.6% from the previous year [3][2]. Estimate Revisions - The consensus EPS estimate has been revised down by 0.05% over the last 30 days, indicating a slight reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, which complicates predictions of an earnings beat [10][11]. Historical Performance - Palo Alto has consistently beaten consensus EPS estimates in the past four quarters, with a +3.85% surprise in the last reported quarter [12][13]. Investment Considerations - Despite the historical performance, the current combination of a 0% Earnings ESP and a Zacks Rank of 3 suggests that Palo Alto may not be a strong candidate for an earnings beat [11][16].