🔹 Revenue: $2.5B (Est. $2.5B) 🟡; +16% YoY
🔹 Adj EPS: $0.95 (Est. $0.89) 🟢; +29% YoY
🔹 Next-Gen Security ARR: $5.6B; +32% YoY
FY26 Guide:
🔹 Revenue: $10.475B–$10.525B (Est. $10.44B) 🟢; +14% YoY
🔹 Non-GAAP EPS: $3.75–$3.85 (Est. $3.69) 🟢
🔹 Next-Gen Security ARR: $7.0B–$7.1B; UP +26–27% YoY
🔹 RPO: $18.6B–$18.7B; UP +17–18% YoY
🔹 Non-GAAP Operating Margin: 29.2%–29.7%
🔹 Free Cash Flow Margin: 38%–39%
Q1’26 Guidance:
🔹 Revenue: $2.45B–$2.47B (Est. $2.45B) 🟡; UP +15% YoY
🔹 Non-GAAP EPS: $0.88–$0.90 (Est. $0.86) 🟢
🔹 Next-Gen Security ARR: $5.82B–$5.84B; UP +29% YoY
🔹 RPO: $15.4B–$15.5B; UP +23% YoY
Other Q4 Metrics:
🔹 RPO: $15.8B; UP +24% YoY
🔹 Non-GAAP Net Income: $673.0M; UP +29% YoY
Management Commentary:
🔸 CEO Nikesh Arora: “Customers understand that a fragmented defense is no defense at all against modern threats. Our platforms deliver superior, near real-time outcomes and efficiency.”
🔸 CFO Dipak Golechha: “We are a ‘Rule-of-50’ company for the fifth consecutive year and will continue executing on our profitable growth framework.”
Leadership Update:
🔹 Founder & CTO Nir Zuk retires after 20+ years.
🔹 Lee Klarich, longtime product chief, appointed CTO & Board Member to lead AI-driven security strategy.