Palo Alto Networks Inc Dossier
Outlook & Key Dates
Estimates, guidance, catalysts, and upcoming events
Analyst Estimates Learn more →
5-Yr Fwd EPS Growth
13.0%projected annual EPS growth
Analyst Coverage
50analysts covering
Monitoring Framework
Key Performance Indicators
Next-Generation Security ARR (USD billions) Quarterly810.0%Target: $8.90-$8.95 billion at FY2026 year-end
Remaining performance obligation (USD billions) Quarterly18.4Target: $20.9-$21.0 billion at FY2026 year-end
Quarterly total revenue (USD billions) Quarterly3.0Target: $3.345-$3.355 billion for fiscal Q4 2026
Trailing-12-month adjusted free-cash-flow margin (percent) Quarterly38.5%Target: 37.5% for FY2026 and 40% for FY2028
Watch Items
- Delivery against FY2026 exit Next-Generation Security ARR guidanceAction: Reassess platformization demand, acquisition contribution and the credibility of the medium-term growth thesis if reported NGS ARR is below the guidance floor.
- Progress toward the FY2028 adjusted free-cash-flow margin objectiveAction: Review acquisition-integration costs, operating leverage and cash conversion if management withdraws the objective or FY2028 performance finishes below it.
Research as of 29 Aug 2026