Palo Alto Networks (PANW) delivered mixed results in Q3 FY2026 on revenue of $3.0B versus the $2.9B estimate (+31.1% YoY) and EPS of $0.85. The next Palo Alto Networks (PANW) earnings date is Sep 1, 2026. Below is the full Palo Alto Networks earnings breakdown — the risk-adjusted verdict, price forecast, technicals, options and hedge-fund 13F holdings, decoded in plain English.
$3.0B (vs $2.9B est · +2.0% surprise · +31.1% YoY)
EPS
$0.85 (vs $0.79 est · +7.2% surprise · -174.4% YoY)
Share price
$384.27 (-3.0%)
Market cap
$313.2B
Palo Alto Networks (PANW) Earnings Analysis — beat / miss history
Quarter
Revenue
EPS
EPS surprise
Next-day move
Verdict
Q4 FY2026
$3.0B vs $2.9B est
$0.85 vs $0.79 est
+7.2%
-6.7%
Mixed
Q3 FY2026
$2.6B vs $2.6B est
$1.03 vs $0.94 est
+9.7%
-8.7%
Mixed
Q2 FY2026
$2.5B vs $2.5B est
$0.93 vs $0.89 est
+4.4%
-7.9%
Mixed
Q1 FY2026
$2.5B vs $2.5B est
$0.95 vs $0.89 est
+7.3%
+2.5%
Mixed
Q4 FY2025
$2.3B vs $2.3B est
$0.80 vs $0.77 est
+3.6%
-6.7%
Mixed
Q3 FY2025
$2.3B vs $2.2B est
$0.81 vs $0.78 est
+4.0%
+1.7%
Mixed
Q2 FY2025
$2.1B vs $2.1B est
$0.78 vs $1.48 est
-47.3%
+2.5%
Mixed
Q1 FY2025
$2.2B vs $2.2B est
$0.75 vs $1.41 est
-46.8%
+10.1%
Mixed
Top institutional holders
Holder
% outstanding
Shares
Value
QoQ change
Blackrock, INC.
10.4%
75.8M
$25.8B
+4.6%
Vanguard Capital Management LLC
7.3%
53.1M
$18.1B
+0.7%
State Street Corp
5.1%
37.0M
$12.6B
+4.2%
Morgan Stanley
4.0%
29.5M
$10.0B
-8.9%
Invesco Ltd.
3.5%
25.6M
$8.7B
+49.8%
Bank Of America Corp /De/
3.1%
22.7M
$7.7B
+0.9%
Jpmorgan Chase & CO
3.0%
21.7M
$7.2B
+61.2%
Fmr LLC
2.8%
20.1M
$6.8B
+147.4%
Geode Capital Management, LLC
2.7%
19.6M
$6.7B
+1.5%
Undisclosed filer
2.7%
19.3M
$6.6B
-1.3%
Recent insider transactions
Insider
Role
Date
Type
Shares
Value
Paul Josh D.
officer: Chief Accounting Officer
2026-08-01
Sell
4K
$1.3M
Thorning-Schmidt Helle
director
2026-07-07
Sell
700
$242795
Arora Nikesh
director, officer: Chief Executive Officer
2026-06-30
Sell
865K
—
Paul Josh D.
officer: Chief Accounting Officer
2026-07-01
Sell
1K
$372394
Paul Josh D.
officer: Chief Accounting Officer
2026-07-01
Sell
900
$310500
Bawa Aparna
director
2026-06-29
Sell
327
$101314
Bawa Aparna
director
2026-06-29
Sell
305
$100083
Bawa Aparna
director
2026-07-01
Sell
290
$101135
What you'll find
Next Palo Alto Networks (PANW) earnings date, the expected move and the estimates priced in
A clear Beat / Miss / In-line / Mixed verdict the moment Palo Alto Networks reports
Revenue & EPS versus estimates, guidance and segment trends
Multi-lens price forecast — analyst, quant, technical and options views
Deep research: red flags, risk decoder and earnings-call sentiment
Technicals, options / implied volatility and unusual-activity signals
Hedge-fund and legendary-investor 13F holdings in Palo Alto Networks (PANW)
Side-by-side peer and historical earnings comparison
Frequently asked questions
When is Palo Alto Networks's next earnings date?
Palo Alto Networks's (PANW) next scheduled earnings date is Sep 1, 2026. Magnisto shows the confirmed date, the options-implied expected move and the revenue and EPS estimates Wall Street is modeling into the report.
Did Palo Alto Networks (PANW) beat or miss earnings?
In Q3 FY2026, Palo Alto Networks (PANW) posted mixed results — revenue of $3.0B versus the $2.9B estimate (+2.0% surprise) and EPS of $0.85 versus $0.79 expected (+7.2% surprise). Magnisto decodes every Palo Alto Networks (PANW) report into a clear Beat, Miss, In-line or Mixed verdict and checks whether guidance was raised, held or cut.
How often does Palo Alto Networks beat earnings estimates?
Over its last 8 reported quarters, Palo Alto Networks (PANW) beat Wall Street EPS estimates 6 times, most recently a mixed result in Q4 FY2026. Magnisto tracks every Palo Alto Networks (PANW) quarter's revenue and EPS versus consensus and grades each one Beat, Miss, In-line or Mixed at a unified ±2% threshold.
How much does Palo Alto Networks stock move after earnings?
Over its last 8 quarterly reports, Palo Alto Networks (PANW) moved an average of ±5.9% the day after earnings — ranging from -8.7% (Q3 FY2026) to +10.1% (Q1 FY2025). The stock rose after 4 of those 8 reports and fell after 4. Heading into its next report on Sep 1, 2026, options-implied volatility is pricing in a move of roughly ±10.0% (derived). Magnisto tracks the realized post-earnings move for every Palo Alto Networks (PANW) quarter alongside the beat/miss verdict — past moves don't predict the next one.
Who are the largest shareholders of Palo Alto Networks?
Institutions hold about 71.8% of Palo Alto Networks's (PANW) shares outstanding as of the 2026-06-30 13F quarter. Its largest institutional holders include Blackrock, INC. (10.4%), Vanguard Capital Management LLC (7.3%), State Street Corp (5.1%). Magnisto lists Palo Alto Networks's (PANW) top 13F holders with each stake size and its quarter-over-quarter change.
Are insiders buying or selling Palo Alto Networks (PANW)?
In the most recent Form 4 filings Magnisto tracks, Palo Alto Networks (PANW) insiders recorded 0 purchases and 12 sales — net selling. Insider transactions are one signal among many and are often routine (option exercises or scheduled 10b5-1 sales), so Magnisto shows the raw feed for you to judge.
What is the forecast for Palo Alto Networks (PANW) stock?
Magnisto blends analyst price targets, quantitative research, technical trend and options-implied moves into a scenario range for Palo Alto Networks (PANW), anchored to the current $384.27 share price, so you can weigh the bull, base and bear cases for Palo Alto Networks side by side.
Is Palo Alto Networks (PANW) a buy right now?
Magnisto does not give buy or sell tips. It gives you the institutional-grade evidence — the verdict, valuation, risks, technicals and hedge-fund 13F flows — so you can decide whether Palo Alto Networks fits your own thesis and risk profile. This is research, not investment advice.