PANW: what changed in its latest quarter

Prove it

Every claim on the graphic, labelled: observed (straight from the data), calculated (worked out from it), or possible contributor (lines up in time, not a confirmed cause).

• OBSERVED
  Revenue growth: +34.5% vs the same quarter a year earlierHow: this year ÷ last year − 1 · Source: SEC EDGAR · Sep 10, 2026, 4:00 PM ET
• OBSERVED
  EPS growth: −208.3% vs the same quarter a year earlierHow: this year ÷ last year − 1 · Source: SEC EDGAR · Sep 10, 2026, 4:00 PM ET
• OBSERVED
  Gross margin: −5.7 pts vs the same quarter a year earlierHow: this year’s margin − last year’s margin · Source: SEC EDGAR · Sep 10, 2026, 4:00 PM ET
• OBSERVED
  Operating margin: −14.6 pts vs the same quarter a year earlierHow: this year’s margin − last year’s margin · Source: SEC EDGAR · Sep 10, 2026, 4:00 PM ET
• OBSERVED
  Free cash flow: +34.3% vs the same quarter a year earlierHow: this year ÷ last year − 1 · Source: SEC EDGAR · Sep 10, 2026, 4:00 PM ET