Operations
As of September 2, 2026
Q4 Revenue
↑ 34% YoY
$3.41B
Divisions
Network & AI Security
68.4%
Cortex
17.2%
Idira
9.8%
Other
4.6%
Key Earnings Driver: Network & AI Security
Palo Alto Networks Q4 revenue increased 34% year over year to $3.41B. Network & AI Security increased 17% to $2.3B. Cortex increased 25% to $586M. Idira increased 21% pro forma to $336M. Other increased 5% to $157M. Network & AI Security represented 68% of revenue and was the largest reported platform. Management attributed the quarter’s strength to Network & AI Security, Cortex, and Idira.
Key Operating Metrics¹
METRIC
STATUS
Network & AI Security
🟢 Scaling
Cortex
🟢 Scaling
Key Financial Metrics
Gross Margin
74.80%
-1 pp YoY
Backlog / Rev.
621.7%
6.21x Revenue
CapEx Intensity
3.02%
0.03x Revenue
Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.