Palo Alto Networks, Inc. (PANW) Q4 2025 Earnings Call Transcript


Palo Alto Networks, Inc. (NASDAQ:PANW) Q4 2025 Earnings Conference Call August 18, 2025 4:30 PM ET

Company Participants

Dipak Golechha – Executive VP & CFO
Lee Klarich – Executive VP & Chief Product Officer
Nikesh Arora – Chairman & CEO

Conference Call Participants

Brad Alan Zelnick – Deutsche Bank AG, Research Division
Gabriela Borges – Goldman Sachs Group, Inc., Research Division
Hamza Fodderwala – Morgan Stanley, Research Division
Joseph Anthony Gallo – Jefferies LLC, Research Division
Matthew George Hedberg – RBC Capital Markets, Research Division
Robbie David Owens – Piper Sandler & Co., Research Division
Saket Kalia – Barclays Bank PLC, Research Division
Shaul Eyal – TD Cowen, Research Division

Hamza Fodderwala

[Audio Gap] August 18 at 1:30 p.m. Pacific Time. With me on today’s call to discuss fourth quarter results, are Nikesh Arora, our Chairman and Chief Executive Officer; and Dipak Golechha, our Chief Financial Officer. Following our prepared remarks, Lee Klarich, our Chief Product Officer, will join us for the question-and-answer portion.

You can find the press release and other information to supplement today’s discussion on our website at investors.paloaltonetworks.com. While there, please click on the link for quarterly results to find the Q4 ’25 supplemental information and Q4 ’25 earnings presentation.

During the course of today’s call, we will be making forward-looking statements and projections regarding the company’s business operations and financial performance as well as the company’s proposed acquisition of CyberArk. These statements made today are subject to a number of risks and uncertainties that could cause our actual results to differ from these forward-looking statements. Please review our press release and recent SEC filings for a description of these risks and uncertainties. We assume no obligation to update any forward-looking statements made in the presentation today.

This presentation contains non-GAAP financial measures and key metrics



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