Palo Alto Networks Inc (NASDAQ:PANW) reported second-quarter financial results after the market close on Thursday. Here’s a look at the key metrics from the quarter.
Q2 Earnings: Palo Alto reported second-quarter revenue of $2.26 billion, beating the consensus estimate of $2.24 billion. The cybersecurity company reported second-quarter earnings of 81 cents per share, beating analyst estimates of 78 cents per share, according to Benzinga Pro.
Total revenue was up 14% year-over-year and remaining performance obligations grew 21% year-over-year to $13 billion. The company said next-generation security annual recurring revenue increased 37% year-over-year to $4.8 billion.
“In Q2, our strong business performance was fueled by customers adopting technology driven by the imperative of AI, including cloud investment and infrastructure modernization,” said Nikesh Arora, chairman and CEO of Palo Alto Networks.
“Our growth across regions and demand for our platforms demonstrate our customers’ confidence in our approach. It reaffirms our faith in our 2030 plans and our $15 billion NGS ARR goal.”
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Outlook: Palo Alto expects fiscal third-quarter revenue to be in the range of $2.26 billion to $2.29 billion. The company expects third-quarter adjusted earnings to be between 76 cents and 77 cents per share.
Palo Alto sees full-year 2025 revenue of $9.14 billion to $9.19 billion. The company anticipates full-year adjusted earnings in the range of $3.18 to $3.24 per share, per Benzinga Pro.
Palo Alto also announced that it appointed former prime minister of Denmark Helle Thorning-Schmidt and former UBS Group CEO Ralph Hamers to its board. The company’s board now consists of 11 members, up from nine, effective immediately.
Palo Alto executives will further discuss the quarter on a call with investors and analysts at 4:30 p.m. ET.
PANW Price Action: Palo Alto shares were down 4.41% after hours, trading at $192.99 at the time of publication Thursday, according to Benzinga Pro.
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