NYSE$PANW
Palo Alto Networks · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Palo Alto Networks' Q1 2022 financial results were reported, showing revenue growth and increased billings and remaining performance obligation.
Palo Alto Networks reported a strong start to fiscal year 2022 with a 32% year-over-year increase in revenue to $1.2 billion and a 28% increase in billings to $1.4 billion. The company's remaining performance obligation grew by 37% to $6.0 billion.
- Fiscal first quarter revenue grew 32% year over year to $1.2 billion.
- Fiscal first quarter billings grew 28% year over year to $1.4 billion.
- Remaining performance obligation grew 37% year over year to $6.0 billion.
- The company raised its revenue and billings guidance for the year.
Headline financials
Revenue & EPS history
Palo Alto Networks · Revenue · Quarterly
$1.25B
Revenue by segment
Palo Alto Networks · $296M total across 1 segment · Q1 2022
- Product$296M+24.5%100.0%
Forward guidance
Palo Alto Networks provides guidance based on current market conditions and expectations. For the fiscal second quarter 2022, we expect: •Total billings in the range of $1.51 billion to $1.53 billion, representing year-over-year growth of between 24% and 26%. •Total revenue in the range of $1.265 billion to $1.285 billion, representing year-over-year growth of between 24% and 26%. •Diluted non-GAAP net income per share in the range of $1.63 to $1.66, using 105 million to 107 million shares outstanding.
Tailwinds
- Total billings in the range of $1.51 billion to $1.53 billion, representing year-over-year growth of between 24% and 26%.
- Total revenue in the range of $1.265 billion to $1.285 billion, representing year-over-year growth of between 24% and 26%.
- Diluted non-GAAP net income per share in the range of $1.63 to $1.66, using 105 million to 107 million shares outstanding.
- Total billings in the range of $6.675 billion to $6.725 billion, representing year-over-year growth of between 22% and 23%.
- Total revenue in the range of $5.35 billion to $5.40 billion, representing year-over-year growth of between 26% and 27%.
Headwinds
- Diluted non-GAAP net income per share in the range of $7.15 to $7.25, using 106 million to 108 million shares.
- Adjusted free cash flow margin in the range of 32% to 33%.
- The company has not reconciled diluted non-GAAP net income per share guidance to GAAP net income (loss) per diluted share or adjusted free cash flow margin guidance to GAAP net cash from operating activities because it does not provide guidance on GAAP net income (loss) or net cash from operating activities
- The company would not be able to present the various reconciling cash and non-cash items between GAAP and non-GAAP financial measures because certain items that impact these measures are uncertain or out of its control, or cannot be reasonably predicted, including share-based compensation expense, without unreasonable effort.
- The actual amounts of such reconciling items will have a significant impact on the company's GAAP net income (loss) per diluted share and GAAP net cash from operating activities.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+1.4%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+1.7%
Avg return
30 days after
58%
32 / 55 earnings
Positive
+20.2%
Q4 2021
Best reaction
-28.5%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -0.9% | -11.8% | -0.3% | |
| Q1 2026 | -4.9% | -6.8% | -6.5% | |
| Q4 2025 | -1.3% | +5.5% | +16.8% | |
| Q3 2025 | -6.9% | -4.0% | +2.4% | |
| Q2 2025 | -0.9% | +1.6% | -9.7% | |
| Q1 2025 | +2.5% | -0.4% | -3.7% | |
| Q4 2024 | +10.1% | +5.0% | -1.3% | |
| Q3 2024 | -2.0% | +1.2% | -0.3% | |
| Q2 2024 | -28.5% | -23.0% | -21.5% | |
| Q1 2024 | -7.2% | -0.2% | +17.7% | |
| Q4 2023 | +16.0% | +13.5% | +15.7% | |
| Q3 2023 | +6.4% | +10.2% | +29.7% | |
| Q2 2023 | +10.9% | +10.2% | +14.5% | |
| Q1 2023 | +5.3% | +7.9% | -5.1% | |
| Q4 2022 | +10.9% | +9.2% | -0.0% | |
| Q3 2022 | +9.1% | +8.8% | +8.4% | |
| Q2 2022 | -0.9% | +18.2% | +29.0% | |
| Q1 2022 | +3.2% | +3.7% | +3.2% | |
| Q4 2021 | +20.2% | +25.5% | +29.5% | |
| Q3 2021 | +8.0% | +8.8% | +10.8% | |
| Q2 2021 | -4.8% | -9.7% | -19.1% | |
| Q1 2021 | +13.5% | +12.9% | +25.0% | |
| Q4 2020 | -3.1% | -5.4% | -11.2% | |
| Q3 2020 | +1.5% | -1.4% | -1.6% | |
| Q2 2020 | -18.9% | -24.0% | -31.7% | |
| Q1 2020 | -10.7% | -8.0% | -6.1% | |
| Q4 2019 | +6.5% | +6.1% | +5.7% | |
| Q3 2019 | -4.8% | -8.3% | -5.0% | |
| Q2 2019 | +9.0% | +5.0% | +1.9% | |
| Q1 2019 | -2.0% | +0.4% | +4.3% | |
| Q4 2018 | +2.4% | +5.4% | -2.9% | |
| Q3 2018 | -2.5% | -4.7% | +0.2% | |
| Q2 2018 | +4.6% | +6.8% | +6.9% | |
| Q1 2018 | +4.7% | +5.5% | +3.3% | |
| Q4 2017 | +10.4% | +8.5% | +8.5% | |
| Q3 2017 | +18.8% | +20.1% | +14.4% | |
| Q2 2017 | -25.2% | -24.9% | -26.3% | |
| Q1 2017 | -13.4% | -12.3% | -21.8% | |
| Q4 2016 | -5.9% | +2.6% | +10.3% | |
| Q3 2016 | -10.9% | -10.5% | -16.4% | |
| Q2 2016 | +15.4% | — | — | |
| Q1 2016 | +6.9% | — | — | |
| Q4 2015 | +6.6% | — | — | |
| Q3 2015 | +1.5% | — | — | |
| Q2 2015 | +4.7% | — | — | |
| Q1 2015 | +10.4% | — | — | |
| Q4 2014 | +9.7% | — | — | |
| Q3 2014 | +5.1% | — | — | |
| Q2 2014 | +1.8% | — | — | |
| Q1 2014 | +9.3% | — | — | |
| Q4 2013 | +7.0% | — | — | |
| Q3 2013 | -11.4% | — | — | |
| Q2 2013 | +1.1% | — | — | |
| Q1 2013 | -1.5% | — | — | |
| Q4 2012 | -5.9% | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q4 2011 | — | — | — | |
| Q3 2011 | — | — | — |
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