Palo Alto Networks Inc (NASDAQ:PANW) posted financial results for the third quarter of fiscal 2026 after the closing bell on Tuesday. Here’s a rundown of the cybersecurity company’s report.

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Palo Alto Q3 Highlights

Palo Alto reported third-quarter revenue of approximately $3 billion, beating analyst estimates of $2.94 billion. The company reported adjusted earnings of 85 cents per share for the quarter, beating analyst estimates of 80 cents per share, according to Benzinga Pro.

Total revenue was up 31% year-over-year and remaining performance obligations grew 36% year-over-year to $18.4 billion. The company said next-generation security annual recurring revenue increased 60% year-over-year to $8.1 billion.

Palo Alto generated $910 million in adjusted free cash flow during the quarter and exited the period ...