Palo Alto Networks Q1 FY2026 revenue $2.5B (+16% YoY); acquires Chronosphere for $3.35B

Palo Alto Networks Inc

Q1 FY2026 revenue $2.5B (+16% YoY); GAAP EPS $0.47, non-GAAP EPS $0.93.
Next-Gen Security ARR $5.9B (+29% YoY); remaining performance obligation $15.5B (+24%).
Acquiring Chronosphere for $3.35B cash/equity; expected close in H2 FY2026.
Board extended $1B share repurchase authorization through December 31, 2026.
Q2 FY2026 guidance: revenue $2.57B-$2.59B; non-GAAP EPS $0.93-$0.95.

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