Palo Alto Networks reported fiscal fourth quarter and full-year 2026 results on September 1, 2026. Q4 total revenue grew 34% year-over-year to $3.41 billion, while Next-Generation Security ARR increased 63% to $9.10 billion. GAAP operating income was $172 million compared to $497 million in the prior year quarter, driven by significant non-cash charges including a $524 million change in fair value of convertible senior notes and capped calls. Non-GAAP net income per diluted share was $1.02. The company acquired Console, an AI-native platform for enterprise agentic workflows. Management provided Q1 FY2027 revenue guidance of $3.30 billion to $3.31 billion and full-year FY2027 revenue guidance of $14.10 billion to $14.20 billion. Palo Alto Networks operates in the cybersecurity industry, providing AI-driven security solutions across network, cloud, identity, and security operations.