PANW Q2 2026 Earnings — Income Statement Breakdown
For its Q2 2026 period (ending 2026-01-31), PANW reported revenue of $2.6B, gross profit of $1.9B (73.6% gross margin), operating income of $397M, and net income of $432M (16.7% net margin). The flow of revenue into costs and profit is visualized below.
What changed
PANW was profitable; revenue grew 14.9% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +14.9% | +61.6% | +4.8 pp |
| Quarter over quarter | +4.9% | +29.3% | +3.2 pp |
Consensus estimate data is not available for this report.
PANW Q2 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $2.6B | 100% |
| Cost of Revenue | −$685M | 26.4% |
| Gross Profit | $1.9B | 73.6% |
| Research & Development | −$511M | 19.7% |
| Selling, General & Administrative | −$1.0B | 38.6% |
| Operating Income | $397M | 15.3% |
| Other Income, net | $152M | 5.9% |
| Income Tax Expense | −$117M | 4.5% |
| Net Income | $432M | 16.7% |
Source: original SEC filing (filed 2026-02-17). Accession 0001327567-26-000003. Data normalized by EarningsFyi.