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Earnings transcript
Read the complete earnings call transcript.
PANW
Palo Alto Networks, Inc.
$163.21
2.54
(1.58%)
| Exchange: | NASDAQ |
| Market Cap: | 111.229B |
| Shares Outstanding: | 331.71M |
About The Company
| Sector: | Technology | |||||
| Industry: | Software – Infrastructure | |||||
| CEO: | Nikesh Arora | |||||
| Full Time Employees: | 15758 | |||||
| Address: |
| |||||
| Website: | https://www.paloaltonetworks.com |
Palo Alto Networks, Inc. provides cybersecurity solutions worldwide. The company offers firewall appliances and software; Panorama, a security management solution for the control of firewall appliances and software deployed on an end-customer’s network and instances in public or private cloud environments, as a virtual or a physical appliance; and virtual system upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, uniform resource locator filtering, laptop and mobile device protection, and firewall; and DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention. In addition, the company offers cloud security, secure access, security analytics and automation, and threat intelligence and cyber security consulting; professional services, including architecture design and planning, implementation, configuration, and firewall migration; education services, such as certifications, as well as online and in-classroom training; and support services. Palo Alto Networks, Inc. sells its products and services through its channel partners, as well as directly to medium to large enterprises, service providers, and government entities operating in various industries, including education, energy, financial services, government entities, healthcare, Internet and media, manufacturing, public sector, and telecommunications. The company was incorporated in 2005 and is headquartered in Santa Clara, California.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 6,892,700 | 8,027,500 | 9,221,500 |
| Gross Profit | 4,983,000 | 5,968,300 | 6,769,900 |
| EBITDA | 869,000 | 1,276,400 | 1,941,000 |
| Operating Income | 387,300 | 683,900 | 1,242,900 |
| Net Income | 439,700 | 2,577,600 | 1,133,900 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 14,501,100 | 19,990,900 | 23,576,200 |
| Total Liabilities | 12,752,700 | 14,821,200 | 15,751,800 |
| Total Stockholders Equity | 1,748,400 | 5,169,700 | 7,824,400 |
| Total Debt | 2,270,700 | 1,344,400 | 338,200 |
| Cash and Cash Equivalents | 1,135,300 | 1,535,200 | 2,268,600 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 2,777,500 | 3,257,600 | 3,716,000 |
| Capital Expenditure | -146,300 | -156,800 | 0 |
| Free Cash Flow | 2,631,200 | 3,100,800 | 3,716,000 |
| Net Income | 439,700 | 2,577,600 | 1,133,900 |
| Net Change in Cash | -982,600 | 404,600 | 732,400 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 18,322,660.699 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 20,231,512.990 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 19,550,500 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 7,871,073.803 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 8,691,081.198 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 8,398,530.700 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 8,132,709.744 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 8,979,974.336 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 8,677,699.406 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 0 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 15 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 6 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Growth: PANW reported a Q2 2025 revenue of $2.26 billion, reflecting strong year-over-year growth as highlighted in the earnings call transcript. This performance aligns with the company's focus on expanding its cybersecurity solutions, positioning it favorably within the technology sector.
- Innovation in AI and Cybersecurity: The earnings call emphasized PANW's strategic investments in AI-driven security solutions, enhancing operational efficiency and product offerings. This focus on cutting-edge technology provides a competitive edge in the rapidly growing cybersecurity industry.
- Strong Profitability Metrics: Key metrics such as gross profit margin and net profit margin (TTM) indicate healthy profitability, supported by consistent operating income and net income growth as per the income statement data. This financial stability underpins investor confidence.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates PANW intrinsic value between $64.44 – $146.05 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about PANW valuation
Is Palo Alto Networks, Inc. (PANW) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Palo Alto Networks, Inc. (PANW) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is PANW a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether PANW trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is PANW’s P/E ratio?
You can see PANW’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for PANW?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is PANW a good long-term investment?
Whether PANW fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
PANW
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Daily snapshot
1.58
Trading Metrics:
| Open: | 160 | Previous Close: | 160.67 | |
| Day Low: | 157.51 | Day High: | 163.3 | |
| Year Low: | 139.57 | Year High: | 223.61 | |
| Price Avg 50: | 162.78 | Price Avg 200: | 187.76 | |
| Volume: | 4.345M | Average Volume: | 10.944M |
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Login — it's freePANW full analysis
Welcome to MARKETSNAP’s SWOT analysis for Palo Alto Networks, Inc., one of the heavyweights in the cybersecurity space. If you’re a long-term investor looking to build wealth with smart picks, you’ve likely got this company on your radar. Today, we’re diving deep into what makes Palo Alto Networks tick, breaking down their strengths, weaknesses, opportunities, and threats, while sprinkling in some recent developments and financial insights to keep things spicy. Let’s get into it and see if this stock deserves…
