Palo Alto Networks Q2 sales top estimates, revenue up 34.4% to $3.41 billion

Palo Alto Networks (NASDAQ:PANW), the cybersecurity platform provider, reported revenue ahead of Wall Street's expectations in Q2 CY2026, with sales up 34.4% year on year to $3.41 billion. That topped analyst estimates of $3.35 billion by 1.7%.

Non-GAAP profit came in at $1.02 per share, 4.4% above analysts' consensus estimate of $0.98. Adjusted operating income was $1.01 billion, a 29.6% margin and 2.9% above the $982.5 million analysts expected.

For Q3 CY2026, the company guided for revenue of $3.31 billion at the midpoint, above analyst estimates of $3.21 billion and implying a 33.6% year-on-year increase. Adjusted EPS guidance for the upcoming financial year 2027 was $4.18 at the midpoint, beating analyst estimates by 1.7%. Sell-side analysts expect revenue to grow 20.3% over the next 12 months.

Founded in 2005 by security visionary Nir Zuk, Palo Alto Networks provides AI-powered cybersecurity platforms that protect organizations' networks, clouds, and endpoints. The stock remained flat at $361.64 immediately following the results.