Q1 2026 Palo Alto Networks Inc Earnings Call Transcript

Nov 19, 2025 / 09:30 PM GMT

Transcript 10-Q8-K

Key Points

Positve

Palo Alto Networks Inc (PANW) reported a strong start to the fiscal year with revenue growth of 16% and operating margins exceeding 30% for the second consecutive quarter.
The company achieved significant growth in its Next-Generation Security (NGS) offerings, with ARR reaching $5.85 billion, a 29% increase year-over-year.
Palo Alto Networks Inc (PANW) is seeing strong demand for its AI security platform, PRISMAir, and has integrated Protect AI to enhance its AI security capabilities.
The company announced strategic acquisitions of Cyber Ark and Chronosphere, which are expected to expand its market presence in identity security and observability.
Palo Alto Networks Inc (PANW) is actively addressing emerging threats from AI and quantum computing, positioning itself as a leader in AI security and quantum readiness.

Negative

The integration of recent acquisitions, Cyber Ark and Chronosphere, may pose challenges and could impact short-term margins and free cash flow.
The company faces a rapidly evolving threat landscape with AI-driven cyberattacks, requiring continuous innovation and adaptation.
There is a significant gap in enterprise architectures that lack robust security, which could be exploited by attackers.
Palo Alto Networks Inc (PANW) is entering new markets with its acquisitions, which may require adjustments in its sales and marketing strategies.
The company's ambitious growth targets, including a $20 billion ARR by FY30, depend on successful execution of its platformization strategy and market expansion.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PANW.OQ - Palo Alto Networks Inc
Q1 2026 Palo Alto Networks Inc Earnings Call
Nov 19, 2025 / 09:30PM GMT

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Presentation
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We are the chat GPT of enterprise. If you're using AI for generating code, you've got to make sure that you're free of any malicious code, any malware. At the same time, you've got to make sure you're not leaking sensitive data to third-party. PRISMAir's AI runtime functionality is not just protecting us against the prompt injection, data poisoning, jailbreaking attempts, but at the same time, all the older issues, the data leak prevention, the DLP, the malware detection and prevention, all those are still relevant.

Palo Alto Networks is providing the visibility to the customer about all usages of GN AI within their environment, protecting what kind of data can lead to the LLMs. What kind of data is coming back from the

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