Palo Alto Networks Inc (NASDAQ:PANW) reported financial results for the second quarter of fiscal 2026 after the market close on Tuesday. Here’s a look at the key details from the report.

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Palo Alto Exceeds Analyst Estimates In Q2

Palo Alto reported fiscal second-quarter revenue of $2.59 billion, beating analyst estimates of $2.58 billion. The cybersecurity company posted adjusted earnings of $1.03 per share for the quarter, beating analyst estimates of 94 cents per share, according to Benzinga Pro.

Total revenue was up 15% year-over-year and remaining performance obligations grew 23% year-over-year to $16 billion. The company said next-generation security annual recurring revenue increased 33% year-over-year to $6.3 billion.

Palo Alto ended the quarter with approximately $4.16 billion in cash and cash ...