Palo Alto Networks (NASDAQ: PANW), a leading cybersecurity company, reported higher revenues and adjusted earnings for the first quarter of fiscal 2026.
- First-quarter revenue rose 16% to $2.5 billion from $2.1 billion for the comparable period of fiscal 2025
- Net income, on a reported basis, was $334 million or $0.47 per share in Q1, vs. $351 million or $0.49 per share last year
- Q1 adjusted profit rose to $662 million or $0.93 per share from $545 million or $0.78 per share in Q1 2025
- For Q2 FY26, the company expects revenue in the range of $2.57 billion to $2.59 billion, representing a YoY growth of 14-15%
- Second-quarter adjusted earnings are expected to be in the range of $0.93 per share to $0.95 per share
- Next-Generation Security ARR is expected to be between $6.11 billion and $6.14 billion in Q2, up 28% year-over-year
- The guidance for Q2 remaining performance obligation is in the $15.75-$15.85 billion range
- For fiscal 2026, Intuit expects revenue to be in the range of $10.50 billion to $10.54 billion, up 14% year-over-year
- Adjusted earnings per share are expected to be in the range of $3.80 to $3.90 in fiscal 2026