PALO ALTO NETWORKS $PANW Q4’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $3.41B (Est. $3.35B) 🟢; +34% YoY 🔹 Adj. EPS: $1.02 (Est. $0.98) 🟢; +7% YoY 🔹 NGS ARR: $9.1B; +63% YoY FY27 Guide: 🔹 NGS ARR: $11.08B-$11.18B (Est. $10.9B) 🟢 🔹 Revenue: $14.10B-$14.20B (Est. $13.79B) 🟢 🔹 Adj. EPS: $4.16-$4.19 (Est. $4.11) 🟢 🔹 Non-GAAP Operating Margin: 29.5% 🔹 Adjusted FCF Margin: 38.0% Q1 Guide: 🔹 Revenue: $3.30B-$3.31B (Est. $3.22B) 🟢 🔹 Adj. EPS: $0.96-$0.98 (Est. $0.93) 🟢 🔹 NGS ARR: $9.54B-$9.56B Other Q4 Metrics: 🔹 Adjusted FCF: $1.3B 🔹 Operating Cash Flow: $1.4B 🔹 Adjusted FCF Margin: 37.8% Business Highlights: 🔹 Acquired: Console, an AI-native platform that enables agentic workflows across enterprise operations Comments: 🔸 “adding nearly $1 billion of Net New NGS ARR in a single quarter.” 🔸 “reinforcing our confidence in achieving 40% adjusted free cash flow margin in FY28.”