00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Palo Alto Networks reported third quarter fiscal 2026 adjusted earnings of 85 cents per share
00:09and revenue of approximately $3 billion, beating analyst estimates of 80 cents per share
00:15and $2.94 billion, according to Benzinga Pro. Total revenue rose 31% year over year,
00:23while remaining performance obligations grew 36% year over year to $18.4 billion.
00:29Next Generation Security annual recurring revenue increased 60% year over year to $8.1 billion.
00:36The company generated $910 million in adjusted free cash flow and held approximately $2.36 billion in cash.
00:44For the fourth quarter, Palo Alto expects revenue of $3.35 billion to $3.36 billion
00:51and adjusted earnings of 96 cents to 98 cents per share, both above estimates.
00:56The company raised its full-year revenue outlook to $11.42 billion to $11.43 billion
01:03and adjusted earnings to $3.77 to $3.79 per share.
01:08Shares were down by 2.25% at $290.50 in Wednesday's pre-market trading, according to Benzinga Pro.
01:14For all things money, visit Benzinga.com.
Comments