Palo Alto Networks
PANWQ4 2022(PANW Q1 FY2023)Estimated2% AI
AI Revenue %
2%
AI Fair Value
$1.2B
AI Revenue (Q)
$33.1M
Total Revenue (Q)
$1.7B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q1 FY2023 (3 months ended October 31, 2022) revenue was $1,563.4M (Product $330.0M, Subscription/Support $1,233.4M). No AI-specific revenue breakdown provided. Single segment reporting continues. Cortex XSIAM was formally launched during this period as an AI-driven security operations platform to replace traditional SIEM tools. However, XSIAM was in very early customer adoption with minimal revenue contribution. Core revenue drivers remain traditional firewall hardware/software and security subscriptions. Maintaining 2% estimate. Math: $1,563.4M x 2% = ~$31M.
Analyzed by claude-opus-4-6
Quoted Figures
Total revenue $1,563.4M for three months ended October 31, 2022 (Product $330.0M, Subscription and support $1,233.4M)
10-Q Q1 FY2023, Condensed Consolidated Statements of Operations
AI Products Identified (Ring 1)
Cortex XDRCortex XSIAM (early ramp)AIOps
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
ML-Powered Next-Generation FirewallsAdvanced Threat Prevention
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix