Palo Alto Networks Q3 Revenue Up 31%

By Greg Peters • Wednesday, June 03 10:56 • Permanent Link

Palo Alto Networks reported third-quarter fiscal 2026 revenue of $3.0 billion, up 31% from $2.3 billion a year earlier.

The company said the quarter’s growth was driven by its platformization strategy, which bundles products and services into integrated security platforms spanning network security, security operations, observability, identity security, and threat intelligence services.

In network security, Palo Alto highlighted Prisma Access, Prisma SD-WAN, Prisma Browser, its next-generation firewalls, and a growing cloud-delivered security services portfolio that includes Advanced Threat Prevention, Advanced WildFire, Advanced URL Filtering, Advanced DNS Security, Device Security, GlobalProtect, Prisma Access Agent, Enterprise DLP, AIOps, SaaS Security, and AI Access Security. It also pointed to Prisma AIRS, its AI security platform, and Strata Cloud Manager, which now includes Strata Copilot and ADEM.

In security operations, the company said Cortex now combines SIEM, endpoint security, security automation, cloud detection and response, and attack surface management on one platform. Its product set includes Cortex XSIAM, Cortex XDR, Cortex XSOAR, Cortex Xpanse, and Koi Security. Cortex Cloud, its CNAPP and CDR offering, covers applications, data, GenAI ecosystems, and cloud-native infrastructure from code to cloud to security operations.

Chronosphere, Palo Alto’s observability platform, was described as a real-time monitoring system for cloud-native infrastructure, applications, and AI workloads, supported by its telemetry pipeline for filtering and routing data.

In identity security, the company said Idira is built to protect human, agentic, and machine identities. The platform includes workforce identity security, modern privilege access management, machine identity security, identity governance and administration, and AI agents security.

Unit 42, Palo Alto’s threat intelligence and advisory arm, added managed detection and response, managed threat hunting, and in April 2026 launched Frontier AI Defense services for AI model-related threats. Following these announcements, the company's shares moved -5.25%, and are now trading at a price of $281.575. If you want to know more, read the company's complete 10-Q report here.

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