PANW Q3 2026 Earnings — Income Statement Breakdown
For its Q3 2026 period (ending 2026-04-30), PANW reported revenue of $3.0B, gross profit of $2.0B (67.6% gross margin), operating income of −$183M, and net income of −$177M (-5.9% net margin). The flow of revenue into costs and profit is visualized below.
What changed
PANW reported a net loss; revenue grew 31.1% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +31.1% | −167.5% | −17.3 pp |
| Quarter over quarter | +15.7% | −141.0% | −22.5 pp |
Consensus estimate data is not available for this report.
PANW Q3 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $3.0B | 100% |
| Cost of Revenue | −$974M | 32.4% |
| Gross Profit | $2.0B | 67.6% |
| Research & Development | −$734M | 24.5% |
| Selling, General & Administrative | −$1.5B | 49.2% |
| Operating Income | −$183M | -6.1% |
| Other Income, net | $27M | 0.9% |
| Income Tax Expense | −$21M | 0.7% |
| Net Income | −$177M | -5.9% |
Source: original SEC filing (filed 2026-06-02). Accession 0001327567-26-000012. Data normalized by EarningsFyi.