Palo Alto Networks said total revenue for Q1 of fiscal 2026 was $2.5 billion, representing 16% growth compared to $2.1 billion in the prior-year period. Product revenue was $434 million, up 23%, and subscription and support revenue was $2.0 billion, up 14%.

10-QQuarterly reportFiled Nov 20, 2025Period of report Oct 31, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Palo Alto Networks said total revenue for Q1 of fiscal 2026 was $2.5 billion, representing 16% growth compared to $2.1 billion in the prior-year period. Product revenue was $434 million, up 23%, and subscription and support revenue was $2.0 billion, up 14%.
The company said cash provided by operating activities for the 3 months ended October 31, 2025 was $1.8 billion, an increase of $261 million compared to the same period in the prior year. Cash used in investing activities for the same period was $1.0 billion, an increase of $439 million.
Palo Alto Networks said it entered into an Agreement and Plan of Merger with CyberArk Software Ltd. on July 30, 2025, under which CyberArk shareholders will receive $45.00 in cash per share and 2.2005 shares of the company's common stock. The company expects the transaction to close in Q3 of fiscal 2026 and plans to fund the cash portion with existing cash.
The company said total cash, cash equivalents, and investments as of October 31, 2025 were $10.2 billion, and its $400 million Credit Facility remained unused. Of the $4.1 billion share repurchase authorization, $1.0 billion remained available, with the authorization expiring on December 31, 2026.

Key figures

Quarter ended October 31, 2025

Revenue: $2.5B
Operating income: $309M
Net income: $334M
EPS: $0.47
Gross profit: $1.8B
Operating cash flow: $1.8B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q1 Total Revenue $2.5 billion, Up 16% Year-Over-Year

Palo Alto Networks said total revenue for Q1 of fiscal 2026 was $2.5 billion, representing 16% growth compared to $2.1 billion in the prior-year period. Product revenue was $434 million, up 23%, and subscription and support revenue was $2.0 billion, up 14%.

Source · Based on the MD&A text of the filing

Operating Cash Flow $1.8 billion, Investing Cash Used $1.0 billion

The company said cash provided by operating activities for the 3 months ended October 31, 2025 was $1.8 billion, an increase of $261 million compared to the same period in the prior year. Cash used in investing activities for the same period was $1.0 billion, an increase of $439 million.

Source · Based on the MD&A text of the filing

CyberArk Merger Agreement: $45.00 Per Share in Cash Plus 2.2005 Shares

Palo Alto Networks said it entered into an Agreement and Plan of Merger with CyberArk Software Ltd. on July 30, 2025, under which CyberArk shareholders will receive $45.00 in cash per share and 2.2005 shares of the company's common stock. The company expects the transaction to close in Q3 of fiscal 2026 and plans to fund the cash portion with existing cash.

Source · Based on the MD&A text of the filing

Cash and Investments $10.2 billion, Share Repurchase Authorization Remaining $1.0 billion

The company said total cash, cash equivalents, and investments as of October 31, 2025 were $10.2 billion, and its $400 million Credit Facility remained unused. Of the $4.1 billion share repurchase authorization, $1.0 billion remained available, with the authorization expiring on December 31, 2026.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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