Overview
- Adjusted EPS reached $0.81 versus $0.74 expected, with revenue up 15% to $1.91 billion and billings up 18% to $2.37 billion, both ahead of forecasts.
- Q1 guidance calls for $1.70–$1.76 billion in revenue and $1.77–$1.87 billion in billings, with EPS of $0.59–$0.63 and a midpoint slightly below consensus.
- Full-year 2026 outlook targets $7.50–$7.70 billion in revenue and $8.40–$8.60 billion in billings.
- The board increased the share repurchase authorization by $1 billion to $10.25 billion through February 2027, and the stock rose about 2.8% premarket to $81.11.
- Product revenue grew 20% to $691 million and Unified SASE billings climbed 40%, reflecting momentum in cloud-delivered security.