PANW Q2 2023 Earnings — Palo Alto Networks, Inc. Revenue & Financial Results | Market Cap Arena

PANWPalo Alto Networks, Inc.

$113B

Q2 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$1.7B+25.7% YoY

Gross Profit

$1.2B71.8% margin

Operating Income

$40M2.4% margin

Net Income

$84M5.1% margin

EPS (Diluted)

$0.13

QoQ Revenue Growth

+5.9%

Cash Flow

Operating Cash Flow

$695M

Free Cash Flow

$656M

Stock-Based Comp.

$283M

Balance Sheet

Total Assets

$13.2B

Total Liabilities

$12.4B

Stockholders' Equity

$729M

Cash & Equivalents

$1.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.7B	$1.3B	+25.7%
Gross Profit	$1.2B	$912M	+30.4%
Operating Income	$40M	-$74M	+154.0%
Net Income	$84M	-$94M	+190.1%

Revenue Segments

Subscription

$815M49%

Support

$487M29%

Product

$353M21%

Geographic Segments

Americas

$1.1B67%

EMEA

$342M21%

Asia Pacific

$197M12%