Palo Alto Networks Q2 FY26 revenue $2.6B (+15% YoY); GAAP EPS $0.61, non-GAAP $1.03

Palo Alto Networks Inc

2026-Q2 EPS reported $1.07 revenue$5,068,000,000

Revenue $2.6B (+15% YoY); GAAP net income $432M ($0.61 diluted), non-GAAP $732M ($1.03 diluted).
Next-Generation Security ARR $6.3B (+33% YoY); RPO $16.0B (+23% YoY).
Q3 FY26 guidance: NG ARR $7.94-7.96B (+56%), revenue $2.941-2.945B (+28-29%), non-GAAP EPS $0.78-0.80.
FY26 guidance: NG ARR $8.52-8.62B (+53-54%), revenue $11.28-11.31B (+22-23%), non-GAAP EPS $3.65-3.70.
FY26 non-GAAP operating margin guided 28.5-29.0%; adjusted FCF margin 37%.

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