Palo Alto Networks, Inc. · Q2 FY2026
ReportedFeb 17, 2026
Period endedJan 31, 2026
Rule of 40+30
The quarter in short
Revenue $2.59B, up 14.9% year over year and 4.9% on the quarter. EPS $0.61, up 60.5% year over year and 29.8% on the quarter. Free cash flow $384M, down 24.6% year over year and 77.2% on the quarter. Rule of 40 score +30.
Reported this quarter
Revenue
$2.59B
QoQ +4.9%
YoY +14.9%
EPS
$0.61
QoQ +29.8%
YoY +60.5%
Free Cash Flow
$384M
QoQ −77.2%
YoY −24.6%
Gross Margin
73.6%
QoQ −0.6 pp
YoY +0.1 pp
FCF Margin
14.8%
QoQ −53.4 pp
YoY −7.8 pp
P/E Ratio
97.8
QoQ −26.7%
YoY +1.4%
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Coverage around this release
R40
Palo Alto Beat on Everything. The Stock Dropped 6%.
News · Feb 18, 2026
News
NextWave Program Accelerates Partner Profitability and AI-Driven Security Outcomes
News
Palo Alto Networks NextWave Program Accelerates Partner Profitability and AI-Driven Security
News
Palo Alto Networks Q2 Preview: Why I Remain Cautious And Reaffirm My Sell Rating
News
Palo Alto Networks Revamps NextWave Program: 5 Biggest Updates
News
Palo Alto Networks Ties Chronosphere Deal And Partner Shift To Valuation
News
Palo Alto Networks to Announce Fiscal Second Quarter 2026 Financial Results on February 17
Sources & downloads
Company
Published by the company on the day of the release.
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Earnings press release
Investor relations announcement
SEC filings
Filed with the SEC under CIK 1327567.
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8-K results announcement
Filed Feb 17, 2026
HTM
Press release (EX-99.1)
Exhibit 99.1 to the 8-K
192 KB
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Filing index
Every document in the 8-K submission
TXT
Complete submission
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10-Q quarterly report
Period ended Jan 31, 2026, filed Feb 18, 2026
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Company facts (XBRL)
Every figure PANW has reported to the SEC
R40 data
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CSV
This quarter (CSV)
Reported metrics for Q2 FY2026, spreadsheet-ready
JSON
This quarter (JSON)
Metrics, dates and matched filings