Palo Alto Networks CEO Nikesh Arora said companies must build an entirely new security stack for the roughly $5 trillion of capital spending on AI infrastructure expected over the next five years. He also highlighted that AI is forcing companies to modernize approximately $1 trillion of aging cybersecurity infrastructure that cannot handle attacks moving at machine speed. Palo Alto Networks posted fiscal fourth quarter results beating Wall Street estimates, with quarterly revenue of $3.41 billion, up 34% year over year, and adjusted earnings of $1.02 per share. The company guided to $14.10 billion to $14.20 billion in revenue for fiscal 2027, above the analyst consensus of $13.79 billion. Next-generation Security annual recurring revenue reached $9.10 billion, representing a 63% increase.
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