For the quarter ended July 2026, Palo Alto Networks (PANW Quick QuotePANW - Free Report) reported revenue of $3.41 billion, up 34.5% over the same period last year. EPS came in at $1.02, compared to $0.95 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $3.35 billion, representing a surprise of +1.78%. The company delivered an EPS surprise of +4.08%, with the consensus EPS estimate being $0.98.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Palo Alto performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• RPO (Remaining Performance Obligation): $21.20 billion versus the seven-analyst average estimate of $20.96 billion.
• Revenue- Product: $738 million versus $668.37 million estimated by 12 analysts on average. Compared to the year-ago quarter, this number represents a +28.6% change.
• Revenue- Subscription and support: $2.67 billion versus $2.68 billion estimated by 12 analysts on average. Compared to the year-ago quarter, this number represents a +36.2% change.
• Revenue- Subscription and support- Support: $833 million compared to the $770.34 million average estimate based on three analysts. The reported number represents a change of +28.7% year over year.
• Revenue- Subscription and support- Subscription: $1.84 billion versus $1.91 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +39.9% change.
• Subscription and support gross profit Non-?GAAP: $1.97 billion compared to the $2.03 billion average estimate based on eight analysts.
• Product gross profit Non-GAAP: $582 million versus $518.29 million estimated by eight analysts on average.
• Product gross profit GAAP: $541 million compared to the $496.28 million average estimate based on two analysts.
• Subscription and support gross profit GAAP: $1.76 billion versus the two-analyst average estimate of $1.99 billion.

View all Key Company Metrics for Palo Alto here>>>

Shares of Palo Alto have returned +10.1% over the past month versus the Zacks S&P 500 composite's +2.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.