Overview
- The company, which reported fiscal Q3 results on June 3, posted $3.0 billion in revenue and $0.85 earnings per share, both above expectations.
- Management raised fiscal 2026 revenue guidance to $11.415 billion–$11.425 billion and lifted non‑GAAP EPS to $3.77–$3.79, signaling stronger recurring revenue trends.
- Next‑generation security annual recurring revenue grew 60% year over year to $8.1 billion while platform customers increased to 2,280, evidence of faster platform adoption.
- Brokerages have re‑rated the stock and raised targets — including BTIG to $380 and Wells Fargo to $420 — citing larger deal sizes, cross‑sell and AI‑security positioning.
- Investors are watching whether subscription and consumption from a few large AI and observability customers will sustain mid‑teens growth or produce uneven, lumpy ARR moves.