Palo Alto Networks, Inc. (PANW) Q3 2025 Earnings Call Transcript


Palo Alto Networks, Inc. (NASDAQ:PANW) Q3 2025 Earnings Conference Call May 20, 2025 4:30 PM ET

Company Participants

Hamza Fodderwala – Senior Vice President, Investor Relations & Strategic Finance
Nikesh Arora – Chairman & Chief Executive Officer
Dipak Golechha – Chief Financial Officer
Lee Klarich – Chief Product Officer

Conference Call Participants

Saket Kalia – Barclays
Brian Essex – JPMorgan
Keith Weiss – Morgan Stanley
Joe Gallo – Jefferies
Gabriela Borges – Goldman Sachs
Matt Hedberg – RBC
Shaul Eyal – Cowen
Jonathan Ho – William Blair
Joel Fishbein – Truist
Andy Nowinski – Wells Fargo

Operator

Good day, everyone, and welcome to Palo Alto Networks Fiscal Third Quarter 2025 Earnings Conference Call. I am Hamza Fodderwala, Senior Vice President of Investor Relations and Strategic Finance. Please note that this call is being recorded today, Tuesday, May 20, 2025 at 01:30 PM Pacific Time.

With me on today’s call to discuss our fiscal third 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 Q3 ’25 supplemental information and Q3 ’25 earnings presentation.

During the course of today’s call, we’ll be making forward-looking statements and projections regarding the company’s business operations and financial performance. 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



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