Palo Alto Networks
PANWQ2 2024(PANW Q3 FY2024)Estimated4.5% AI
AI Revenue %
4.5%
AI Fair Value
$3.1B
AI Revenue (Q)
$89.3M
Total Revenue (Q)
$2.0B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q3 FY2024 (3 months ended April 30, 2024) revenue was $1,984.8M (Product $391.0M, Subscription $1,045.6M, Support $548.2M). Subscription revenue grew 24.8% YoY. The 10-K FY2024 filing (which covers up to July 31, 2024 but provides Q3 comparatives) introduces expanded AI language: 'AI Runtime Security' as a new product, 'comprehensive cybersecurity backed by artificial intelligence (AI) and automation.' XSIAM described as the primary AI-driven offering in Security Operations. AI Access Security maturing. Increasing to 4.5%. Math: $1,984.8M x 4.5% = ~$89M.
Analyzed by claude-opus-4-6
Quoted Figures
Total revenue $1,984.8M (Product $391.0M, Subscription $1,045.6M, Support $548.2M)
10-Q Q3 FY2024, Note 2 Revenue
AI Products Identified (Ring 1)
Cortex XSIAMAI Access SecurityAI Runtime SecurityStrata CopilotAIOps
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