{
  "slug": "palo-alto-networks-inc",
  "symbol": "PANW",
  "name": "Palo Alto Networks Inc",
  "fiscalYearEnd": "2026-07-31",
  "filing": {
    "accession": "0001327567-26-000023",
    "form": "10-K",
    "filed": "2026-09-10",
    "url": "https://www.sec.gov/Archives/edgar/data/1327567/000132756726000023/panw-20260731.htm"
  },
  "model": "claude-haiku-5-5",
  "promptVersion": "2026-10-31.2",
  "generatedAt": "2026-10-31T20:03:48.274596+00:00",
  "segments": null,
  "sections": {
    "businessModel": [
      {
        "de": "Prisma Access ist ein cloudbasiertes Sicherheitsangebot, das Organisationen hilft, Remote-Netzwerke und mobile Nutzer mit KI-gestützter Sicherheit abzusichern.",
        "en": "Prisma Access is a cloud-delivered security product that helps organizations secure remote networks and mobile users with AI-driven security.",
        "quote": "Prisma Access is a cloud-delivered security offering that helps organizations deliver consistent AI-driven security to remote networks and mobile users."
      },
      {
        "de": "Die Firewalls gibt es als Hardware, als containerisierte CN-Series und als virtuelle VM-Series, verfügbar bei allen großen Cloud-Hosting-Anbietern.",
        "en": "The firewalls come as hardware, as containerized CN-Series and as virtual VM-Series versions, available on all major cloud hosting providers.",
        "quote": "Our firewalls come in hardware form factors, containerized form factors, called CN-Series, as well as virtual form factors, called VM-Series, available on all major cloud hosting service providers."
      },
      {
        "de": "Abonnement- und Supportumsätze machen einen erheblichen Teil des Umsatzes aus: 80 % des Gesamtumsatzes im Geschäftsjahr 2026, 81 % im Geschäftsjahr 2025 und 80 % im Geschäftsjahr 2024.",
        "en": "Subscription and support revenue makes up a significant share of revenue: 80% of total revenue in fiscal 2026, 81% in fiscal 2025 and 80% in fiscal 2024.",
        "quote": "Subscription and support revenue accounts for a significant portion of our revenue, comprising 80% of total revenue in fiscal 2026, 81% in fiscal 2025, and 80% in fiscal 2024."
      },
      {
        "de": "Cortex XSIAM automatisiert Datenintegration, Analyse und Triage, um auf die meisten Warnmeldungen zu reagieren, damit Analysten sich auf Vorfälle konzentrieren können, die menschliches Eingreifen erfordern.",
        "en": "Cortex XSIAM automates data integration, analysis and triage in order to respond to most alerts, so analysts can focus on incidents that need human intervention.",
        "quote": "Cortex XSIAM automates data integration, analysis, and triage to respond to most alerts, enabling analysts to focus on only the incidents that require human intervention."
      },
      {
        "de": "Das Unternehmen bietet Endkunden und Vertriebspartnern Standard-, Premium- und Platinum-Support an.",
        "en": "The company offers Standard, Premium and Platinum support to end customers and channel partners.",
        "quote": "We offer Standard Support, Premium Support, and Platinum Support to our end-customers and channel partners."
      }
    ],
    "customers": [
      {
        "de": "Zu den Endkunden des Unternehmens zählen Unternehmen, Dienstleister und staatliche Stellen.",
        "en": "The company's end customers are enterprises, service providers and government entities.",
        "quote": "Our end-customers consist of enterprises, service providers, and government entities."
      },
      {
        "de": "Ein erheblicher Teil der Verkäufe an Endkunden läuft über Partner. Das Unternehmen verkauft an Distributoren, diese verkaufen an Wiederverkäufer und diese an Endkunden.",
        "en": "A substantial part of sales to end customers goes through partners. The company sells to distributors, who sell to resellers, who sell to end customers.",
        "quote": "A substantial portion of our sales to end-customers are through our channel partners utilizing a two-tier, indirect fulfillment model whereby we sell to our distributors, which, in turn, sell to our resellers, which then sell to our end-customers."
      },
      {
        "de": "Endkunden sind in vielen Branchen tätig, darunter Bildung, Energie, Finanzdienstleistungen, Gesundheitswesen, Fertigung und Telekommunikation.",
        "en": "End customers operate in many industries, including education, energy, financial services, healthcare, manufacturing and telecommunications.",
        "quote": "Our end-customers operate in a variety of industries, including education, energy, financial services, government entities, healthcare, Internet and media, manufacturing, public sector, and telecommunications."
      }
    ],
    "competition": [
      {
        "de": "Das Unternehmen ist in der hart umkämpften Branche für Unternehmenssicherheit tätig, die von ständigem Wandel und Innovation geprägt ist.",
        "en": "The company operates in an intensely competitive enterprise security industry marked by constant change and innovation.",
        "quote": "We operate in the intensely competitive enterprise security industry that is characterized by constant change and innovation."
      },
      {
        "de": "Große Unternehmen, die Sicherheits- oder Observability-Funktionen in ihre Produkte einbauen, werden als Wettbewerber genannt, darunter Alphabet, Cisco und Microsoft.",
        "en": "Large companies that include security or observability features in their products are named as competitors, including Alphabet, Cisco and Microsoft.",
        "quote": "large companies that incorporate security or observability features in their products, such as Alphabet Inc., Cisco Systems, Inc., and Microsoft Corporation"
      }
    ],
    "risks": [
      {
        "de": "Bestandskunden sind nach der ersten Vertragslaufzeit nicht vertraglich verpflichtet, ihre Abonnements zu verlängern. Sie könnten auf kürzere Laufzeiten, auf für das Unternehmen wirtschaftlich weniger vorteilhafte Bedingungen oder gar nicht verlängern.",
        "en": "Existing end customers have no contractual duty to renew after the initial period. They may renew on shorter terms, on terms that are less economically beneficial to the company, or not at all.",
        "quote": "Existing end-customers have no contractual obligation to renew their subscription and support contracts after their initial contract period and may renew for shorter contract terms or terms that are less economically beneficial to us, or not at all."
      },
      {
        "de": "Im Geschäftsjahr 2026 entfielen auf zwei Distributoren jeweils 10 % oder mehr des Gesamtumsatzes, zusammen 30 %.",
        "en": "In fiscal 2026, two distributors each accounted for 10% or more of total revenue, and together they accounted for 30%.",
        "quote": "For fiscal 2026, two distributors individually represented 10% or more of our total revenue and in the aggregate represented 30% of our total revenue."
      },
      {
        "de": "Große Public-Cloud-Anbieter bieten zunehmend eingebaute Sicherheits-, Identitäts- und Observability-Funktionen an, die mit den Produkten des Unternehmens konkurrieren.",
        "en": "Major public cloud providers increasingly offer built-in security, identity and observability features that compete with the company's products.",
        "quote": "The major public cloud infrastructure providers increasingly offer native security, identity, and observability capabilities that compete with our products and subscriptions."
      },
      {
        "de": "Das Aufkommen von KI-Agenten als neue Identitätsklasse bringt Chancen und Risiken mit sich, die die Identitätssicherheitsprodukte des Unternehmens betreffen könnten.",
        "en": "The rise of AI agents as a new identity type brings both opportunities and risks that could affect the company's identity security products.",
        "quote": "The emergence of AI agents as a new class of identity presents both opportunities and risks that could impact our identity security offerings."
      },
      {
        "de": "Viele der Mitarbeiter des Unternehmens in Israel sind zum jährlichen Reservedienst in der israelischen Armee verpflichtet und können im Notfall zum aktiven Dienst einberufen werden, was infolge regionaler Feindseligkeiten bereits vorgekommen ist.",
        "en": "Many of the company's employees in Israel must perform annual reserve duty in the Israeli military and can be called to active duty in emergencies, which has happened because of regional hostilities.",
        "quote": "Many of our employees in Israel are obligated to perform annual reserve duty in the Israeli military and are subject to being called for active duty under emergency circumstances, which has occurred as a result of regional hostilities."
      }
    ]
  }
}