Overview

• Palo Alto Networks reported Q2 revenue of $2.26 billion, a 14% year-over-year increase, slightly surpassing analyst estimates of $2.24 billion.
• Adjusted earnings per share for the quarter were $0.81, beating forecasts of $0.78 per share.
• The company raised its full-year revenue forecast to between $9.14 billion and $9.19 billion, reflecting steady demand for its AI-driven cybersecurity solutions.
• Despite the strong quarterly performance, shares fell approximately 5% as forward guidance for Q3 and fiscal year earnings aligned closely with consensus expectations.
• Palo Alto expanded its board of directors to 11 members, adding former Danish Prime Minister Helle Thorning-Schmidt and ex-UBS CEO Ralph Hamers.