Palo Alto Networks, Inc. (PANW) Announced Q3 2026 Earnings on June 2, 2026, Reporting "Total revenue for the quarter was $3 billion".

Palo Alto Networks reported that "Total revenue for the quarter was $3 billion, growing 31% year-over-year". Management noted that the company "delivered $8.13 billion in NGS ARR during the third quarter". For the quarter, "diluted non-GAAP EPS... reached $0.85" and the company "generated adjusted free cash flow of $910 million". Additionally, "Total gross margin for the quarter was 75.8%" and "non-GAAP operating margin of 21.3% in Q3" was reported.A key business priority discussed was the "sustained tailwinds from our platformization strategy," with executives stating that "During the third quarter, we secured 110 net new platformizations". The company also highlighted progress on its recent acquisitions, noting they expect to "hit our CyberArk synergy targets about 3 to 6 months earlier" than initially anticipated.Management also observed that "Hardware today accounts for approximately 10% of our total revenue," acting as a natural hedge against supply chain costs.In terms of forward guidance, for the "fourth quarter 2026," the company expects "revenue of $3.345 billion to $3.355 billion" and "diluted non-GAAP EPS to be in the range of $0.96 to $0.98". For the "fiscal year 2026," management expects "revenue of $11.415 billion to $11.425 billion," "operating margins to be in the range of 28.9% to 29.2%," and "diluted non-GAAP EPS to be in the range of $3.77 to $3.79".On the product and partnership front, management announced that "Last month, we launched Idira, our next-generation identity platform" for the AI-driven enterprise.They also highlighted the "recent acquisition of Portkey marks yet another strategic milestone" and noted they were able to "introduce Unit 42 frontier AI defense" to help customers fortify environments against AI-driven attacks.