Palo Alto Networks Inc

PANW: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Palo Alto Earnings: Broad-Based Demand Drives a Strong Quarter and Outlook; FVE Raised

Malik Ahmed Khan

Jun 2, 2026

Palo Alto reported very strong third-quarter results, with the firm's sales growing 31% to $3.00 billion and its adjusted operating margins contracting 30 basis points to 27.1%. The firm's next-generation annual recurring revenue, or NGS ARR, grew 60% in the quarter to $8.13 billion.

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Palo Alto Networks Inc

Palo Alto Earnings: Broad-Based Demand Drives a Strong Quarter and Outlook; FVE Raised

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