Palo Alto Networks
PANWQ4 2023(PANW Q1 FY2024)Estimated3.5% AI
AI Revenue %
3.5%
AI Fair Value
$2.1B
AI Revenue (Q)
$69.1M
Total Revenue (Q)
$2.0B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q1 FY2024 (3 months ended October 31, 2023) revenue was $1,878.1M (Product $341.1M, Subscription/Support $1,537.0M). Subscription/Support grew 24.6% YoY ($1,537.0M vs $1,233.4M). XSIAM continuing rapid ramp. No AI revenue breakout. Filing mentions financing receivables growing significantly (short-term $445.9M vs $388.8M) which suggests larger deal sizes potentially including XSIAM platform deals. Slight increase to 3.5% to reflect XSIAM's growing penetration. Math: $1,878.1M x 3.5% = ~$66M.
Analyzed by claude-opus-4-6
Quoted Figures
Total revenue $1,878.1M for three months ended October 31, 2023 (Product $341.1M, Subscription and support $1,537.0M)
10-Q Q1 FY2024, Condensed Consolidated Statements of Operations
AI Products Identified (Ring 1)
Cortex XSIAMCortex XDRAIOps
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