Palo Alto Networks · Q3 FY2026 · June 2, 2026
Palo Alto Networks (PANW) Q3 FY2026 Earnings: Platformization, NGS ARR & Cybersecurity Outlook
A structured quarterly research file based on the earnings release and cited primary documents. Consensus, transcript, Q&A, and price-reaction fields are shown only when verified data are available.
Year over year: +31%
Reported result
Reported result
Investment read
Revenue: $3.0B revenue, up 31% year over year Profitability: $0.85 non-GAAP diluted EPS and $910M of adjusted free cash flow The next research checkpoint is the forward guide is the main post-earnings valuation reset.
Results check
Reported results
| Metric | Reported | YoY |
|---|---|---|
| Revenue | $3.0BRevenue: $3.0B revenue, up 31% year over year Source | +31% |
| Profitability | $0.85Profitability: $0.85 non-GAAP diluted EPS and $910M of adjusted free cash flow Source | — |
| Guidance | $3.345BGuidance: fiscal Q4 revenue guidance was $3.345B-$3.355B, with NGS ARR expected at $8.90B-$8.95B Source | — |
Investor focus
What investors are likely to focus on
Potential result drivers
- Revenue: $3.0B revenue, up 31% year over year
- Profitability: $0.85 non-GAAP diluted EPS and $910M of adjusted free cash flow
- Guidance: fiscal Q4 revenue guidance was $3.345B-$3.355B, with NGS ARR expected at $8.90B-$8.95B
Verified after-hours, next-day, and benchmark-relative price data are not stored in this record. The factors above are research considerations, not a measured attribution of the stock move.
Next quarter
What to watch next
| Indicator | Current baseline | Next check | Source |
|---|---|---|---|
| Revenue | $3.0B | Next-Generation Security ARR grew 60% year over year to $8.1B, including CyberArk and Chronosphere | Primary source |
| Profitability | $0.85 | The profit line has to be read with margin quality, cash flow, and any one-time factors. | Primary source |
| Guidance | $3.345B | The forward guide is the main post-earnings valuation reset. | Primary source |
Primary documents
Sources and documents
FAQ
Reader questions
What did Palo Alto Networks report for Revenue?
Revenue: $3.0B revenue, up 31% year over year
What did Palo Alto Networks report for Profitability?
Profitability: $0.85 non-GAAP diluted EPS and $910M of adjusted free cash flow
What did Palo Alto Networks report for Guidance?
Guidance: fiscal Q4 revenue guidance was $3.345B-$3.355B, with NGS ARR expected at $8.90B-$8.95B