A closer look at one disclosure change

PANW · 2026 vs 2025 · Filed 2026-09-10

Palo Alto Networks Inc.

Our consumption- or usage-based offerings may expose us to customer usage optimization behavior that could create revenue volatility.

A growing portion of our revenue is generated from offerings priced on a consumption or usage basis, including certain of our observability and AI-related offerings.

This excerpt appears in the current extracted section and is absent from the prior extraction. This is a text comparison, not a judgment about investment risk.

Current SEC filing · Prior SEC filing · Open comparison →