Identity Security

Palo Alto Networks (NASDAQ: PANW) — Q4 FY2026 Post Earnings

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Palo Alto Networks panw q4 26 Post Earnings

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 Network & AI Security revenue increased 17% year over year to $2.3B. Cortex revenue increased 25% to $586M. Idira revenue increased 21% pro forma to $336M. Other revenue 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↑ 17%

🟢 Scaling

Cortex↑ 25%

Key Financial Metrics

Gross Margin 74.80% -1 pp YoY
Backlog / Revenue 621.7% 6.21x Qtr Rev
CapEx Intensity 3.02% 0.03x Revenue

Sources: Palo Alto Networks Q4 FY2026 Earnings Release — Company Website, Palo Alto Networks Q4 FY2026 Earnings Presentation — Company Website, Palo Alto Networks Q4 FY2026 Supplemental Financial Information

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

Rubrik (NYSE: RBRK) — Q2 FY2027 Post Earnings

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Rubrik Q2 27 Post Earnings RBRK

Operations

As of August 28, 2026
Q2 Revenue ↑ 38% YoY $427.3M
Divisions
Subscription 95.3%
Other 4.7%

Key Earnings Driver

Identity Resilience Subscription revenue increased 37% year over year to $407.2 million. Within subscription, Management described Identity Resilience, a Rubrik Security Cloud capability, as one of the company’s fastest-growing product lines. Management reported Cloud ARR growth of 39% to $1.48 billion, with RSC included within the company’s Cloud ARR measure.

Key Operating Metrics¹

METRIC

STATUS

Subscription↑ 37%

Rubrik Security Cloud

Identity Resilience

🟢 Scaling

Key Financial Metrics

Gross Margin 78.40% -1.1 pp YoY
Backlog / Revenue N/A
CapEx Intensity 2.62% 0.02x Revenue

Sources: Rubrik Q2 FY2027 Earnings Release — Company Website, Rubrik Q2 FY2027 Investor Presentation — Company Website

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

CrowdStrike Holdings, Inc. (NASDAQ: CRWD) — Q2 FY2027 Post Earnings

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Operations

As of August 27, 2026
Q2 Revenue ↑ 26% YoY $1.47B
Divisions
Subscription 95.2%
Professional Services 4.8%

Key Earnings Driver

Falcon Flex Subscription revenue increased 27% year over year to $1.4B and Professional Services revenue increased 7% to $70.6M. Module adoption rates for Subscription customers using six or more Falcon modules reached 51%. Falcon Flex ending ARR exceeded $2.29B, up 101% year over year.

Key Operating Metrics¹

METRIC

STATUS

Subscription↑ 27%

Falcon Platform

Falcon Flex

🟢 Scaling

Key Financial Metrics

Gross Margin 75.00% +1 pp YoY
Backlog / Revenue 401.0% 4.01x Qtr Rev
CapEx Intensity 10.26% 0.10x Revenue

Sources: CrowdStrike Q2 FY2027 Financial Results — Company Website, CrowdStrike Q2 FY2027 Earnings Presentation — Company Website, CrowdStrike Q2 FY2027 Form 10-Q — SEC Filing

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

CrowdStrike Holdings, Inc. (NASDAQ: CRWD) — Q2 FY2027 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

As of August 26, 2026
Q1 Revenue ↑ 26% YoY $1.39B
Divisions
Subscription 95.3%
Professional Services 4.7%

Key Earnings Driver

Falcon Platform Subscription revenue increased 26% year over year to $1.32 billion. Subscription revenue growth was primarily driven by new customer additions and sales of additional sensors and modules to existing customers. 51% of CrowdStrike’s subscription customers were using six or more Falcon modules. Professional Services revenue increased 23% to $64.8M.

Key Operating Metrics¹

METRIC

STATUS

Subscription↑ 26%

Falcon Platform

🟢 Scaling

Key Financial Metrics

Gross Margin 75.00% +1 pp YoY
Backlog / Revenue 288.7% 2.88x Qtr Rev
CapEx Intensity 8.67% 0.08x Revenue

Sources: CrowdStrike Q1 FY2027 Form 10-Q — SEC Filing

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.