Palo Alto Networks Inc. has reported its latest 10-Q, providing insights into its financial condition and operations. The company's mission is to be the cybersecurity partner of choice for enterprises, organizations, service providers, and government entities. Its platforms and services aim to secure enterprise users, networks, clouds, and endpoints through comprehensive cybersecurity backed by artificial intelligence (“AI”) and automation.
For the second quarter of fiscal 2026, Palo Alto Networks Inc. reported total revenue of $2.6 billion, representing a 15% year-over-year growth. The company's portfolio consists of product, subscriptions, and support, with product revenue reaching $514 million, a 22% year-over-year growth, and accounting for 19.8% of total revenue. Subscription and support revenue grew to $2.1 billion, representing 80.2% of total revenue and a 13% year-over-year growth.
The company's end-customers are spread across over 180 countries and represent a broad range of industries, including education, energy, financial services, government entities, healthcare, Internet and media, manufacturing, public sector, and telecommunications. Palo Alto Networks Inc. serves almost all of the Fortune 100 companies and a majority of the Global 2000 companies.
Palo Alto Networks Inc.'s platformization strategy involves consolidating various products and services into tightly integrated architectures to simplify customers' security architectures. The company's offerings include network security, security operations, observability, and threat intelligence and advisory services.
The network security platform includes Secure Access Service Edge (“SASE”), Next-Generation Firewalls, and Cloud-Delivered Security Services, among others. The security operations segment offers AI-powered capabilities, while the observability platform, Chronosphere, provides real-time visibility and monitoring across cloud-native infrastructure, applications, and AI workloads. Additionally, the company provides threat intelligence and advisory services through Unit 42.
Palo Alto Networks Inc. continues to focus on expanding its global presence and maintaining a field sales force that works closely with channel partners in developing sales opportunities. The company primarily uses a two-tiered, indirect fulfillment model, selling its products, subscriptions, and support to distributors, who then sell to resellers and end-customers.
Today the company's shares have moved -0.04% to a price of $187.66. Check out the company's full 10-Q submission here.
