PANW Q2 2024 Earnings — Income Statement Breakdown
For its Q2 2024 period (ending 2024-01-31), PANW reported revenue of $2.0B, gross profit of $1.5B (74.7% gross margin), operating income of $54M, and net income of $1.7B (88.4% net margin). The flow of revenue into costs and profit is visualized below.
What changed
PANW was profitable; revenue grew 5.2% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +5.2% | +799.5% | +78.1 pp |
Consensus estimate data is not available for this report.
PANW Q2 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $2.0B | 100% |
| Cost of Revenue | −$499M | 25.3% |
| Gross Profit | $1.5B | 74.7% |
| Research & Development | −$448M | 22.7% |
| Selling, General & Administrative | −$975M | 49.3% |
| Operating Income | $54M | 2.7% |
| Interest Expense | −$3M | 0.1% |
| Other Income, net | $85M | 4.3% |
| Income Tax Expense | $1.6B | 81.6% |
| Net Income | $1.7B | 88.4% |
Source: original SEC filing (filed 2024-02-20). Accession 0001327567-24-000003. Data normalized by EarningsFyi.