AI Security Leader Accelerates Platform Strategy with Performance and Major Acquisitions

Palo Alto Networks Inc. (PANW) reported second-quarter fiscal 2026 results (period ended January 31) with revenue of $2.6 billion (approximately KRW 3.4 trillion) and GAAP net income of $432 million (approximately KRW 560 billion), marking 15% year-over-year growth. Next-generation security ARR reached $6.3 billion (approximately KRW 8.2 trillion), and backlog expanded to $16 billion (approximately KRW 20 trillion).

On January 29, the company closed its $3.35 billion (approximately KRW 4.4 trillion) acquisition of cloud observability leader Chronosphere and announced plans to integrate it with Cortex AgentiX and XSIAM. On February 11, Palo Alto Networks entered into a supplemental agreement regarding its subsidiary CyberArk Software’s zero-percent convertible bonds, ensuring full guarantee of the related debt and providing for conversion into a combination of Palo Alto Networks common stock and cash.

Also on February 11, Palo Alto Networks completed its historic $25 billion (approximately KRW 33 trillion) acquisition of CyberArk, formally adding identity security as its fourth core business pillar. On February 17, the company published its 2026 Global Incident Response Report, highlighting the spread of AI-driven attacks and reinforcing its security-strategy messaging to executives and boards.

A global cybersecurity leader, Palo Alto Networks has built a subscription-based platform spanning firewalls, cloud security, security operations and identity security. Since 2018, it has accelerated its “platformization” strategy through some 25 acquisitions. With the integration of Chronosphere and CyberArk, competition in unified security platforms—linking network, cloud, operations and identity—is poised to broaden across the cloud and AI infrastructure markets.