Palo Alto Networks Inc. (PANW) earnings date & stock reaction
PANW · Palo Alto Networks Inc. · IT
Palo Alto Networks Inc. earnings date & time
Schedule
- Korea time (KST)
- Fri, November 20
- Reporting pattern
- 12 of last 12 after close
- Typical move
- ±7.2% · 12-report avg
What the market expects
Consensus EPS
$0.97Coming in above this counts as a beat
- Year-ago quarter
- $0.93→+4.3%
- Guided revenue
- $3.4B→$3.3B-3.1%
- Guided EPS
- $1.02→$0.97-4.9%
“We achieved record RPO, surpassing the $20 billion threshold for the first time to close the year at $21.2 billion, representing a growth rate of 34%.”
“NGS ARR reached $9.1 billion, up 63%, enabling us to report one of our most substantial Next-Generation Security ARR outperformance to date.”
- ▲Explosive growth in Next-Gen Security (NGS)
- NGS ARR reached $9.1 billion this quarter, up 63% vs last year.
- The company added nearly $1 billion in net new NGS ARR this quarter alone, proving strong momentum.
- ▲Acceleration of platformization strategy
- The company achieved approximately 220 net new platformizations this quarter, hitting a record high.
- Net Revenue Retention (NRR) for platformized cohorts exceeded 120%, demonstrating strong customer loyalty.
- ▲Strengthened cash flow generation
- Operating cash flow was $1.4 billion this quarter, up from $1.0 billion in the same period last year.
- Adjusted free cash flow reached $1.3 billion, a significant increase from $954 million in the prior year.
- ▼Sharp decline in GAAP operating and net income
- GAAP operating income was $172 million, down 65% from $497 million in the same quarter last year.
- The company reported a GAAP net loss of $282 million, swinging from a net income of $254 million in the prior year.
- ▼Slowing growth outlook for fiscal year
- FY2027 revenue guidance of $14.1B–$14.2B implies 23–24% growth, significantly lower than this quarter's 34% growth rate.
- NGS ARR annual growth is projected at 22–23%, indicating a major deceleration from this quarter's 63%.
Palo Alto Networks Inc. (PANW) rose the day after earnings in 3 of its last 12 reports (25%), moving ±7.2% on average. It has fallen despite beating the consensus estimate 9 times.
Even when EPS beat expectations, the stock fell 9 of the last 12 times. The number alone doesn't move it.
- 1. Clearing the target ($8.9B~8.95B), usually a given
- 2. The real key: whether organic growth (ex-M&A) re-accelerates, not the headline +60%
- 3. Whether the new next-year guidance beats expectations
The real bar for this stock
Beating estimates isn't enough. Here's where the real surprise started.
The company's own next-quarter revenue guidance (from its 8-K release) vs what it actually reported: delivered 5 of 5 times, averaging +1.6% above the guide.
- Jan 2025 qtrguided $2.22Bactual $2.26Bhit
- Oct 2024 qtrguided $2.10Bactual $2.14Bhit
- Jul 2024 qtrguided $2.15Bactual $2.19Bhit
- Apr 2024 qtrguided $1.95Bactual $1.98Bhit
- Jan 2024 qtrguided $1.96Bactual $1.98Bhit
How this stock reacts to earnings
Traits seen across its recent earnings reactions
Earnings number vs guidance: which drives it?
How often the beat/miss matched the actual price move
9/12 beats fell next day · watches NGS ARR · RPO
- Jul 2026 report-9.3%
- Apr 2026 report-5.6%
- Jan 2026 report-6.8%
- Oct 2025 report-7.4%
- Jul 2025 report+3.1%
- Apr 2025 report-6.8%
Earnings timeline · bars = next-day move, ▲▼ = beat/miss
Earnings trend · last 12 quarters
Earnings history and price reaction
| Quarter ended | Reported (ET) | vs market expectation (consensus) | Earnings day | After 5 days |
|---|---|---|---|---|
| 7/2026 | 2026-09-01 | +4.3% | -9.3% | -7.5% |
| 4/2026 | 2026-06-02 | +6.6% | -5.6% | -12.3% |
| 1/2026 | 2026-02-17 | +9.9% | -6.8% | -13.3% |
| 10/2025 | 2025-11-19 | +4.4% | -7.4% | -7.3% |
| 7/2025 | 2025-08-18 | +7.3% | +3.1% | +4.8% |
| 4/2025 | 2025-05-20 | +3.6% | -6.8% | -3.4% |
12 reports, quarters ending 10/2023 to 7/2026. The earnings-day move is the first trading day that reflects the report; the five-day figure is the cumulative move from that point.
Frequently asked questions
When is the next Palo Alto Networks Inc. earnings date?
The next Palo Alto Networks Inc. (PANW) earnings report is expected Thu, November 19 around 4:00 PM ET, after the close. It comes from an earnings calendar and may not be a company-confirmed date; it updates automatically if it changes.
What is the consensus EPS forecast for Palo Alto Networks Inc.'s next earnings?
Analysts expect EPS of about $0.97 for Palo Alto Networks Inc. (PANW). Coming in above that counts as a beat, below it a miss — though a beat does not guarantee the stock rises.
Does Palo Alto Networks Inc. (PANW) stock usually go up after earnings?
Over the last 12 earnings reports, the stock rose on 3 of them (25%). The average move on earnings day was ±7.2%.
Does Palo Alto Networks Inc. react more to the earnings numbers or to guidance?
In 9 of the last 12 reports (75%), the stock moved the opposite way from whether it beat or missed the forecast. A high share means guidance and expectations drive the move more than the reported numbers.
Can Palo Alto Networks Inc. stock fall even when earnings are good?
Yes. In 9 of the last 12 reports, Palo Alto Networks Inc. fell on the earnings day despite growing EPS. Expectations already priced in, or guidance, can matter more than the reported numbers.
Does Palo Alto Networks Inc. stock keep moving after the earnings day?
Over the last 12 reports, the move continued in the same direction for the following five trading days 42% of the time. This tendency is known as post-earnings announcement drift.