# Palo Alto Networks (PANW) — Earnings

PANW · NASDAQ · Stock

Canonical page: https://www.lighthorse.io/tickers/panw/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q4 2026 |
| Period end | Jul 31, 2026 |
| EPS actual | $1.02 |
| EPS estimate | $0.98 |
| EPS surprise | +4.35% |
| Revenue surprise | +1.74% |
| Revenue | $3.4B |
| Revenue estimate | $3.4B |
| Reported | Sep 1, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1327567/000132756726000023/panw-20260731.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/a63f6e30-346e-1e06-dce9-5c471d7fe43a.html) |

Palo Alto Networks reported fiscal Q4 2026 results on September 1, 2026. Earnings per share were $1.02, ahead of the $0.98 estimate by 4.35%. Revenue was $3.4 billion, 1.74% above the $3.4 billion consensus. Compared with Q4 2025, EPS rose about 7% from $0.95, while revenue rose about 36% from $2.5 billion.

Annual EPS rose in every fiscal year in the table, from $1.26 in fiscal 2022 to $2.22 in 2023, $2.84 in 2024, $3.34 in 2025 and $3.83 in 2026. That is about three times the fiscal 2022 level, and up about 15% on fiscal 2025. Annual revenue more than doubled over the same span, from $5.5 billion to $11.5 billion, with fiscal 2026 up 25%. Q4 2026 revenue is the highest quarter in the table, while the EPS high is $1.03 from Q2 2026. The company beat EPS estimates in all of the last 20 quarters. The largest beat was 35.10% in Q2 2023.

Palo Alto Networks reported fiscal Q1 between November 15 and November 20 in each of the past five years. That points to mid-to-late November 2026 for the next report. It will open fiscal 2027 and show whether revenue growth stays ahead of EPS growth.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q4 2026 | Sep 1, 2026 | $0.98 | $1.02 | 4.35% | $3.4B | $3.4B |
| Q3 2026 | Jun 2, 2026 | $0.79 | $0.85 | 7.20% | $2.9B | $3.0B |
| Q2 2026 | Feb 17, 2026 | $0.94 | $1.03 | 9.69% | $2.6B | $2.6B |
| Q1 2026 | Nov 19, 2025 | $0.89 | $0.93 | 4.34% | $2.5B | $2.5B |
| Q4 2025 | Aug 18, 2025 | $0.89 | $0.95 | 7.32% | $2.5B | $2.5B |
| Q3 2025 | May 20, 2025 | $0.77 | $0.80 | 3.67% | $2.3B | $2.3B |
| Q2 2025 | Feb 13, 2025 | $0.78 | $0.81 | 3.97% | $2.2B | $2.3B |
| Q1 2025 | Nov 20, 2024 | $0.74 | $0.78 | 5.36% | $2.1B | $2.1B |
| Q4 2024 | Aug 19, 2024 | $0.70 | $0.76 | 7.12% | $2.2B | $2.2B |
| Q3 2024 | May 20, 2024 | $0.64 | $0.66 | 3.66% | $2.0B | $2.0B |
| Q2 2024 | Feb 20, 2024 | $0.65 | $0.73 | 12.34% | $2.0B | $2.0B |
| Q1 2024 | Nov 15, 2023 | $0.60 | $0.69 | 14.35% | $1.9B | $1.9B |
| Q4 2023 | Aug 18, 2023 | $0.64 | $0.72 | 12.01% | $2.0B | $2.0B |
| Q3 2023 | May 23, 2023 | $0.47 | $0.55 | 17.72% | $1.7B | $1.7B |
| Q2 2023 | Feb 21, 2023 | $0.39 | $0.53 | 35.10% | $1.6B | $1.7B |
| Q1 2023 | Nov 17, 2022 | $0.34 | $0.42 | 20.96% | $1.6B | $1.6B |
| Q4 2022 | Aug 22, 2022 | $0.38 | $0.40 | 4.93% | $1.5B | $1.6B |
| Q3 2022 | May 19, 2022 | $0.28 | $0.30 | 6.73% | $1.4B | $1.4B |
| Q2 2022 | Feb 22, 2022 | $0.27 | $0.29 | 5.72% | $1.3B | $1.3B |
| Q1 2022 | Nov 18, 2021 | $0.26 | $0.27 | 4.67% | $1.2B | $1.2B |

## Frequently Asked Questions

### When did Palo Alto Networks (PANW) last report earnings?

Palo Alto Networks last reported on Sep 1, 2026, covering fiscal Q4 2026.

### Did PANW beat earnings estimates?

Yes. Palo Alto Networks reported EPS of $1.02 for Q4 2026 against a $0.98 estimate — a 4.35% beat.

### How much revenue did PANW report last quarter?

Palo Alto Networks reported $3.4B in revenue for Q4 2026, against a consensus estimate of $3.4B.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

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