Palo Alto Networks just posted fiscal Q3 2026 results that make most tech earnings look quaint by comparison. The cybersecurity heavyweight pulled in $3.0 billion in total revenue for the quarter, a 31% jump from the $2.289 billion it reported in the same period last year.
The company’s stock has climbed roughly 62% year-to-date, outpacing broader cybersecurity benchmarks by a comfortable margin.
The numbers behind the growth
A significant chunk of the quarter’s performance came from Palo Alto’s acquisition strategy, with CyberArk and Chronosphere together contributing $388 million to the top line.
Next-Generation Security annual recurring revenue surged 60% year-over-year to $8.13 billion. Remaining performance obligations climbed 36% to $18.4 billion.
