Palo Alto Networks (NASDAQ: PANW), a leading cybersecurity company, on Monday reported financial results for the fourth quarter of fiscal 2025 and provided guidance on fiscal 2026.
- Fourth quarter revenue grew 16% year over year to $2.5 billion; Next-Generation Security ARR grew 32% to $5.6 billion
- Remaining performance obligation grew 24% annually to $15.8 billion during the three months
- Net income for Q4 was $253.8 million, or $0.36 per share, compared to $357.7 million, or $0.51 per share last year
- Adjusted net income rose to $673.0 million, or $0.95 per share in Q4 from $522.2 million, or $0.75 per share a year earlier
- For the first quarter of FY26, the management forecasts Next-Generation Security ARR in the range of $5.82 billion to $5.84 billion, representing year-over-year growth of 29%
- Q1 revenue is expected to be in the range of $2.45 billion to $2.47 billion, representing year-over-year growth of 15%
- The forecast for Q1 net income per share is in the range of $0.88 to $0.9; the remaining performance obligation is expected to be $15.4-15.5 billion
- For FY26, Palo Alto expects Next-Generation Security ARR to be between $7.00 billion and $7.10 billion, representing year-over-year growth of between 26% and 27%
- Total revenue is expected to be in the range of $10.475 billion to $10.525 billion in FY26, representing year-over-year growth of 14%; net income per share is estimated to be in the range of $3.75 to $3.85