Palo Alto Networks Inc

PANW: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Palo Alto Earnings: Robust AI-Induced Cyber Demand Propels Top Line; Fair Value up to $300 From $285

Malik Ahmed Khan

Sep 2, 2026

Palo Alto reported fourth-quarter earnings, with sales up 34% to $3.41 billion and adjusted operating margins flat at 30%. The firm's next-generation security annual recurring revenue grew 63% to $9.10 billion, with artificial intelligence being an incremental driver.

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Palo Alto Networks Inc

Palo Alto Earnings: Robust AI-Induced Cyber Demand Propels Top Line; Fair Value up to $300 From $285

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