Palo Alto Networks Inc (NASDAQ:PANW) reported first-quarter financial results for fiscal 2026 after the market close on Wednesday. Here’s a rundown of the cybersecurity company’s report.

PANW is trading at elevated levels. Track the latest developments here.

Q1 Highlights: Palo Alto reported first-quarter revenue of $2.47 billion, beating analyst estimates of $2.46 billion. The company posted adjusted earnings of 93 cents per share for the first quarter, beating analyst estimates of 89 cents per share, according to Benzinga Pro.

Total revenue was up 16% year-over-year and remaining performance obligations grew 24% year-over-year to $15.5 billion. The company said next-generation security annual recurring revenue increased 29% year-over-year to $5.9 billion. 

Palo Alto announced it entered into a definitive agreement to acquire Chronosphere, a next-gen observability platform built to scale with AI. The acquisition ...