PANW Palo Alto Networks posted a 15% year-over-year increase in Q3 revenue, reaching $2.3 billion $10 million above estimates—driven by a 16% rise in subscription and support revenue. Annual recurring revenue (ARR) from Next-Generation Security climbed 34% to $5.1 billion, highlighting robust demand for its expanding cybersecurity offerings. Remaining performance obligations (RPO) also grew 19% to $13.5 billion, underscoring strong long-term revenue visibility.