PANW at a glance
Palo Alto Networks (PANW, SEC CIK 1327567) filed its latest 10-K annual report on September 10, 2026, a 10-Q quarterly report on June 3, 2026, an 8-K current report on September 1, 2026 and Form 4 insider filings as recently as October 5, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended July 31, 2026 (FY2026), Palo Alto Networks (PANW) reported revenue of $11.5 billion (up 24.5% from FY2025) and net income of $307.0 million. Diluted EPS was $0.40.
- As of June 30, 2026, 59 institutional investment managers tracked by SignalX reported holding Palo Alto Networks (PANW) shares worth $122.7 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Paul Josh D. on October 1, 2026 of 400 shares at $395.70 per share.
- In the last 90 days, PANW insiders reported 0 open-market purchases ($0) and 26 open-market sales ($20.7M) on Form 4, a net sale of $20.7M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2026
- $11.5B
- +24.5% vs prior year
- Insiders · 90 days
- 0 buys · 26 sells
- Net −$20.7M
- 13F holders
- 59 funds
- $122.7B · −3 vs prior quarter
- Latest 8-K
- Sep 1, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Jul 31, 2026
Business Overview
- Core business: AI-driven integrated cybersecurity platforms securing networks, clouds, endpoints, AI apps, and identities
- New offerings: Prisma AIRS 3.0 AI security platform; acquisition of CyberArk for identity security; AI Gateway and Agent Security for AI agent protection
- Strategic shift: Increased focus on AI and agentic security with expanded platforms for AI lifecycle protection and observability (Chronosphere acquisition)
- Quantitative metric: Workforce at 21,921 employees as of July 31, 2026; 8,700+ channel partners globally
- Noteworthy fact: Six acquisitions completed or announced in fiscal 2026 to enhance AI security, observability, endpoint posture, and identity capabilities
Management Discussion & Analysis
- Revenue $11.48B, up 24% YoY from $9.22B; product revenue $2.28B (+27%), subscription/support $9.2B (+24%)
- Operating margin 6.1% vs 13.5% prior year; gross margin 70.4% vs 73.4% FY25; product margin 75.1% vs 77.1%, subscription margin 69.2% vs 72.5%
- Best segment: Subscription and support revenue $9.2B (80.1% total rev); worst: General & administrative expense increased 35%, negatively impacting operating income
- Operating cash flow $4.55B (+$837M YoY); free cash flow $4.11B (+$644M); share repurchases $X with $1B remaining authorization; capex increased with acquisitions
- Management cautious on supply chain, inflation, geopolitical tensions (Israel, China-Taiwan) risks; plans continued investment in R&D and acquisitions to drive growth
Risk Factors
- Regulatory/legal risk: $114M damages, plus interest, in Centripetal Networks patent infringement case on appeal
- Geopolitical risk: Exposure to Russia-Ukraine war sanctions and related export controls impacting sales and compliance
- Operational/supply chain risk: Dependency on Flex EMS and limited memory-related components amid global shortages, increasing production costs
- Competitive risk: Competition from cloud providers and AI firms offering native security features bundled with their infrastructure
- Financial risk: $1.25B 0% Convertible Senior Notes due 2030 requiring uncertain future cash payments, refinancing, or equity dilution
AI summary of the PANW 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Apr 30, 2026
Management Discussion & Analysis
- Q3 revenue $3,002M vs $2,289M, up 31% YoY
- Subscription and support revenue $2,408M vs $1,836M, up 31% YoY
- Gross margin 67.6% vs 72.9%; operating margin (6.1%) vs 9.6% YoY
- Operating cash flow $3,196M vs $2,695M; free cash flow $2,859M vs $2,535M
- Headwinds: inflation, high interest rates, trade restrictions, supply-chain disruptions, and geopolitical tensions
Risk Factors
- Newly added CyberArk acquisition risk, triggered by 4,166 acquired employees and substantially expanded business scope
- Most material operational update, headcount rising from 16,068 to 21,491, increasing strain on systems, controls, and integration
- Regulatory risk, Russia sanctions and export controls creating potential liability for noncompliance
- Competitive risk, CyberArk acquisition increasing competition while platformization depends on large-enterprise expansion
- Concentration risk, two distributors representing 31% of nine-month revenue and 29% of gross accounts receivable
AI summary of the PANW 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Q4 and fiscal-year 2026 results for period ended July 31, 2026
- Press release furnished as Exhibit 99.1 contains financial results and investor-relevant performance details
Item EX-99.1: Item EX-99.1
- Q4 revenue $3.41B, up 34%; subscription and support revenue reached $2.67B
- Next-Generation Security ARR $9.10B, up 63%, with nearly $1B added during Q4
Item 5.02: Departure/Appointment of Directors or Principal Officers
- New severance policy covers SVP-and-above executives, including CEO Nikesh Arora, CFO Dipak Golechha, President BJ Jenkins, and CTO Lee Klarich
- Outside change-in-control periods, executives receive 100% salary severance, 12 months’ health benefits, and 12 months’ equity acceleration
Item 5.03: Amendments to Articles of Incorporation or Bylaws
- Board-adopted bylaws effective August 20, 2026, without shareholder approval indicated
- Quorum, voting, proxy, notice, and consent provisions clarified for shareholder and Board governance
Item 2.02: Results of Operations and Financial Condition
- Fiscal Q3 2026 results for quarter ended April 30, 2026
- Press release furnished as Exhibit 99.1 contains financial results and management commentary
AI summaries of PANW 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for PANW
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- Fund moves. Which tracked funds opened, added or cut PANW, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Paul Josh D. | Sell | Oct 1, 2026 | 400 | $395.70 |
| Paul Josh D. | F | Oct 1, 2026 | 1,308 | $397.31 |
| Klarich Lee | G | Sep 30, 2026 | 25,000 | - |
| Golechha Dipak | Sell | Sep 24, 2026 | 900 | $394.98 |
| Golechha Dipak | Sell | Sep 24, 2026 | 6,400 | $392.71 |
| Golechha Dipak | Sell | Sep 24, 2026 | 2,200 | $393.58 |
| Golechha Dipak | Sell | Sep 24, 2026 | 9,539 | $390.65 |
| Golechha Dipak | Sell | Sep 24, 2026 | 900 | $388.69 |
Financial SummaryXBRL
| Metric | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $9.2B | $11.5B |
| Gross Profit | - | $6.8B | $8.1B |
| Operating Income | $683.9M | $1.2B | $695.0M |
| Net Income | $2.6B | $1.1B | $307.0M |
| Gross Margin | - | 73.4% | 70.4% |
| Op. Margin | - | 13.5% | 6.1% |
| Net Margin | - | 12.3% | 2.7% |
| Balance Sheet | |||
| Total Assets | - | $23.6B | $48.5B |
| Equity | - | $7.8B | $27.5B |
| ROE | - | 14.5% | 1.1% |
| Per Share | |||
| EPS | $7.28 | $1.60 | $0.40 |
| Cash Flow | |||
| Operating CF | $3.3B | $3.7B | $4.6B |
Source: XBRL data in Palo Alto Networks (PANW)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate PANW share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 59 | $122.73B |
| Q1 2026 | 62 | $53.45B |
| Q4 2025 | 59 | $56.99B |
| Q3 2025 | 62 | $63.06B |
| Q2 2025 | 61 | $59.19B |
| Q1 2025 | 55 | $38.50B |
| Q4 2024 | 52 | $27.45B |
| Q3 2024 | 44 | $14.34B |
- FMR LLC (Fidelity)+11.95M (+147%)
- JPMorgan Chase & Co+8.25M (+61%)
- BlackRock+3.32M (+5%)
- Invesco Ltd+1.72M (+7%)
- Goldman Sachs Group+1.70M (+27%)
- Morgan Stanley−2.87M (-9%)
- AQR Capital Management−602.9K (-44%)
- Citadel Advisors LLC−324.6K (-18%)
- Vanguard Portfolio Management LLC−253.8K (-1%)
- Wells Fargo & Co−149.8K (-2%)
- Two Sigma Investments−20.2K
- Bridgewater Associates LP−13.2K
- ARK Investment Management−10.9K
- Blackstone Group−8.2K
Source: 13F-HR filings on SEC EDGAR (aggregated from 454 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
PANW filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Sep 28, 2026 | - | - | - |
| 4 | Sep 28, 2026 | - | - | - |
| 4 | Sep 22, 2026 | - | - | - |
| 4 | Sep 21, 2026 | - | - | - |
| 4 | Sep 16, 2026 | - | - | - |
| 4 | Sep 16, 2026 | - | - | - |
| 10-K | Sep 10, 2026 | Jul 31, 2026 | Analysis | |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 8-K | Sep 1, 2026 | - | Analysis | - |
| 4 | Aug 27, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 8-K | Aug 21, 2026 | - | Analysis | - |
| 4 | Aug 4, 2026 | - | - | - |
| 4 | Jul 8, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jun 24, 2026 | - | - | - |
| 4 | Jun 22, 2026 | - | - | - |
| 4 | Jun 16, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
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PANW SEC filings: frequently asked questions
Are PANW insiders buying or selling?
In the last 90 days, Palo Alto Networks (PANW) officers, directors and 10% owners reported no open-market purchases and 26 open-market sales worth $20.7 million by 5 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold PANW stock?
As of June 30, 2026, the largest Palo Alto Networks (PANW) holders among the 13F filers tracked by SignalX were BlackRock ($25.8 billion), Vanguard Capital Management LLC ($18.1 billion), State Street Corp ($12.6 billion), Morgan Stanley ($10.0 billion), Invesco Ltd ($8.7 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was PANW's revenue in fiscal year 2026?
For the fiscal year ended July 31, 2026 (FY2026), Palo Alto Networks (PANW) reported revenue of $11.5 billion (up 24.5% from FY2025) and net income of $307.0 million. Diluted EPS was $0.40. The figures come from the XBRL data in the 10-K.
What are the main risks in PANW's latest 10-K?
In the 10-K filed September 10, 2026, Palo Alto Networks (PANW) flagged: Regulatory/legal risk: $114M damages, plus interest, in Centripetal Networks patent infringement case on appeal. Geopolitical risk: Exposure to Russia-Ukraine war sanctions and related export controls impacting sales and compliance. (AI summary of the Risk Factors section.)
What did PANW report in its latest 8-K?
Palo Alto Networks (PANW) filed an 8-K on September 1, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Q4 and fiscal-year 2026 results for period ended July 31, 2026.
What are the latest PANW SEC filings?
Palo Alto Networks (PANW) filed its latest 10-K annual report on September 10, 2026, a 10-Q quarterly report on June 3, 2026, an 8-K current report on September 1, 2026 and a Form 4 insider filing on October 5, 2026.
What is PANW's SEC CIK number?
Palo Alto Networks (PANW)'s SEC Central Index Key (CIK) is 1327567. EDGAR lists every PANW filing under that number.
Ask anything about PANW
The research agent reads PANW's filings, financials, insider trades and 13F holders, then answers with sources.