secwatch.observer — SEC 8-K summary
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Issuer:     Palo Alto Networks Inc (PANW)
CIK:        0001327567
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001327567-24-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Palo Alto Networks Q2 FY2024 revenue $2.0B (+19% YoY); non-GAAP EPS $1.46 beats; Q3 billings guidance 2-4% growth
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- Revenue $2.0B (+19% YoY); GAAP net income $1.7B includes $1.5B tax benefit; non-GAAP EPS $1.46 (vs $1.05 YoY).
- Remaining performance obligation $10.8B (+22% YoY); non-GAAP operating margin 29% (+580 bps).
- Q3 FY2024 guidance: billings $2.30-2.35B (2-4% growth); revenue $1.95-1.98B (13-15%); non-GAAP EPS $1.24-1.26.
- FY2024 guidance: billings $10.10-10.20B (10-11%); revenue $7.95-8.00B; non-GAAP EPS $5.45-5.55; FCF margin 38-39%.
- CEO cites accelerated platformization and AI leadership strategy as key drivers for long-term growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327567/000132756724000003/0001327567-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327567/000132756724000003/panw-20240220.htm
  HTML page:      https://secwatch.observer/filing/0001327567-24-000003

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