PANWPalo Alto Networks
$313.69+44% 1Y
$313.69
$141.6752 weeks$420.06
Operating metrics
Next-Generation Security ARR at Palo Alto Networks: $9.1B annualized recurring revenue for Q4 2026, +63% on a year ago.
Operating metrics
From earnings releases, Q1 2022 to Q4 2026
Next-Generation Security ARR, Q4 2026+63% on a year ago$9.1B annualized recurring revenue
+63% on a year ago
Remaining performance obligations$21.2B
Q4 2026, +34% on a year ago
Next-Generation Security ARR, Q4 2026: $9.1B annualized recurring revenue
“Next-Generation Security ARR for the fiscal fourth quarter 2026 grew 63% year over year to $9.10 billion.”
Source: Q4 2026 earnings release, filed Sep 1, 2026Every quarter, with its source
| Quarter | Next-Generation Security ARR | Remaining performance obligations | Release |
|---|---|---|---|
| Q4 2026 | $9.1B | $21.2B | Filed Sep 1, 2026 |
| Q3 2026 | $8.1B | $18.4B | Filed Jun 2, 2026 |
| Q2 2026 | $6.3B | $16B | Filed Feb 17, 2026 |
| Q1 2026 | $5.9B | $15.5B | Filed Nov 19, 2025 |
| Q4 2025 | $5.6B | $15.8B | Filed Aug 18, 2025 |
| Q3 2025 | $5.1B | $13.5B | Filed May 20, 2025 |
| Q2 2025 | $4.8B | $13B | Filed Feb 13, 2025 |
| Q1 2025 | $4.5B | $12.6B | Filed Nov 20, 2024 |
| Q4 2024 | $4.2B | $12.7B | Filed Aug 19, 2024 |
| Q3 2024 | n/a | $11.3B | Filed May 20, 2024 |
| Q2 2024 | n/a | $10.8B | Filed Feb 20, 2024 |
| Q1 2024 | n/a | $10.4B | Filed Nov 15, 2023 |
| Q4 2023 | n/a | $10.6B | Filed Aug 18, 2023 |
| Q3 2023 | n/a | $9.2B | Filed May 23, 2023 |
| Q2 2023 | n/a | $8.8B | Filed Feb 21, 2023 |
| Q1 2023 | n/a | $8.3B | Filed Nov 17, 2022 |
| Q4 2022 | n/a | $8.2B | Filed Aug 22, 2022 |
| Q3 2022 | n/a | $6.9B | Filed May 19, 2022 |
| Q2 2022 | n/a | $6.3B | Filed Feb 22, 2022 |
| Q1 2022 | n/a | $6B | Filed Nov 18, 2021 |
- Next-Generation Security ARR, annualized recurring revenue
- Annualized allocated revenue of all active contracts for next-generation security offerings at the end of the quarter, as defined by the company.
- Remaining performance obligations, contracted revenue not yet recognized
- Contracted revenue not yet recognized at the end of the quarter, as headlined by the company.
Source: company earnings releases furnished to the SEC on Form 8-K (Item 2.02, Exhibit 99), SEC EDGAR.
Software, Infrastructure
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