Palo Alto Networks (PANW) Stock Falls on Q2 2026 Earnings

Palo Alto Networks (PANW) reported results for Q2 2026 with revenue of $2.59 billion, up 14.9% year-over-year, slightly below the consensus estimate of $2.63 billion.

Key income statement highlights:

Gross profit: $1.91 billion (up 15.1% year-over-year)

Operating profit: $397 million (up 65.1% year-over-year)

Net income attributable to common shareholders: $432 million (up 61.6% year-over-year)

Diluted earnings per share: $0.61 (up 60.5% year-over-year; consensus $0.96)

Cash flow and balance sheet:

Cash from operating activities: $1.77 billion (up 218.2% year-over-year)

Purchases of property, plant and equipment (CapEx): $84 million (up 76.5% year-over-year)

Cash and cash equivalents: $4.16 billion (up 86.8% year-over-year)

Total liabilities: $15.59 billion (up 6.9% year-over-year)

Shares moved down approximately 5.69% since market close following the release.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Palo Alto Networks Inc. Insider Trading Activity

Palo Alto Networks Inc. insiders have traded $PANW stock on the open market 51 times in the past 6 months. Of those trades, 0 have been purchases and 51 have been sales.

Here’s a breakdown of recent trading of $PANW stock by insiders over the last 6 months:

NIKESH ARORA (Chief Executive Officer) has made 0 purchases and 7 sales selling 846,408 shares for an estimated $172,721,695.
LEE KLARICH (EVP Chief Product & Tech Ofcr) has made 0 purchases and 28 sales selling 603,864 shares for an estimated $121,245,786.
JAMES J GOETZ has made 0 purchases and 5 sales selling 25,000 shares for an estimated $4,880,042.
DIPAK GOLECHHA (EVP, Chief Financial Officer) has made 0 purchases and 6 sales selling 10,000 shares for an estimated $1,961,852.
WILLIAM D JR JENKINS (President) has made 0 purchases and 2 sales selling 6,218 shares for an estimated $1,169,423.
JOSH D. PAUL (Chief Accounting Officer) has made 0 purchases and 3 sales selling 2,100 shares for an estimated $415,492.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Palo Alto Networks Inc. Hedge Fund Activity

We have seen 1,280 institutional investors add shares of Palo Alto Networks Inc. stock to their portfolio, and 1,090 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 17,578,445 shares (-74.2%) from their portfolio in Q4 2025, for an estimated $3,237,949,569
NORGES BANK added 4,381,138 shares (+132.7%) to their portfolio in Q4 2025, for an estimated $807,005,619
JPMORGAN CHASE & CO removed 4,247,119 shares (-27.0%) from their portfolio in Q4 2025, for an estimated $782,319,319
BLACKROCK, INC. added 4,123,075 shares (+7.4%) to their portfolio in Q4 2025, for an estimated $759,470,415
VANGUARD GROUP INC added 2,659,100 shares (+4.1%) to their portfolio in Q4 2025, for an estimated $489,806,219
ROYAL BANK OF CANADA removed 2,318,487 shares (-23.4%) from their portfolio in Q4 2025, for an estimated $427,065,305
CITADEL ADVISORS LLC added 2,271,937 shares (+882.5%) to their portfolio in Q3 2025, for an estimated $462,611,811

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Palo Alto Networks Inc. Congressional Stock Trading

Members of Congress have traded $PANW stock 4 times in the past 6 months. Of those trades, 3 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $PANW stock by members of Congress over the last 6 months:

REPRESENTATIVE DAN NEWHOUSE purchased up to $15,000 on 12/11.
REPRESENTATIVE MARJORIE TAYLOR GREENE purchased up to $15,000 on 10/24.
SENATOR JOHN W. HICKENLOOPER purchased up to $250,000 on 09/02.
REPRESENTATIVE VAL T. HOYLE sold up to $15,000 on 08/19.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

Palo Alto Networks Inc. Analyst Ratings

Wall Street analysts have issued reports on $PANW in the last several months. We have seen 18 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

BTIG issued a "Buy" rating on 02/12/2026
Needham issued a "Buy" rating on 01/28/2026
Morgan Stanley issued a "Overweight" rating on 12/18/2025
JP Morgan issued a "Overweight" rating on 12/17/2025
HSBC issued a "Reduce" rating on 11/21/2025
Goldman Sachs issued a "Buy" rating on 11/21/2025
Rosenblatt issued a "Buy" rating on 11/20/2025

To track analyst ratings and price targets for Palo Alto Networks Inc., check out Quiver Quantitative's $PANW forecast page.

Palo Alto Networks Inc. Price Targets

Multiple analysts have issued price targets for $PANW recently. We have seen 23 analysts offer price targets for $PANW in the last 6 months, with a median target of $230.0.

Here are some recent targets:

Gregg Moskowitz from Mizuho set a target price of $205.0 on 02/17/2026
Junaid Siddiqui from Truist Securities set a target price of $200.0 on 02/17/2026
Gray Powell from BTIG set a target price of $200.0 on 02/12/2026
Rudy Kessinger from DA Davidson set a target price of $210.0 on 02/11/2026
Brian Essex from JP Morgan set a target price of $225.0 on 02/10/2026
Saket Kalia from Barclays set a target price of $200.0 on 02/09/2026
Mike Cikos from Needham set a target price of $230.0 on 01/28/2026