Palo Alto Networks reported fiscal fourth-quarter revenue of $2.54 billion, up 16% from a year earlier and ahead of the $2.50 billion analysts expected. Adjusted earnings were $0.95 a share, topping the $0.88 consensus, while GAAP net income came in at $254 million, or $0.36 a share. The cybersecurity company said annualised revenue from its Next-Generation Security offerings rose 32% to $5.6 billion, and remaining performance obligations grew 24% to $15.8 billion. Management projected continued momentum, forecasting fiscal first-quarter 2026 revenue of $2.45 billion to $2.47 billion and adjusted earnings of $0.88 to $0.90 per share, both above Wall Street estimates. For the full 2026 fiscal year, the company expects revenue of $10.48 billion to $10.53 billion and adjusted earnings of $3.75 to $3.85 a share. Alongside the results, Palo Alto Networks said founder and Chief Technology Officer Nir Zuk is retiring after two decades with the firm. Lee Klarich, the long-time chief product officer, will assume the CTO post and join the board. The leadership transition comes as the company prepares to close its previously announced $25 billion acquisition of identity-security specialist CyberArk Software, its largest deal to date. Investors welcomed the upbeat numbers and guidance, sending the shares up about 6% in after-hours trading to roughly $187. The stock move adds to optimism that demand for AI-driven cybersecurity tools will underpin the company’s push to a double-digit-billion annual revenue run rate.