Start Time: 16:30 January 1, 0000 5:30 PM ET

Palo Alto Networks, Inc. (NASDAQ:PANW)
Q2 2025 Earnings Conference Call
February 13, 2025, 16:30 PM ET

Company Participants

Nikesh Arora – Chairman and CEO
Dipak Golechha – CFO
Lee Klarich – CPO
Walter Pritchard – SVP of IR and Corporate Development

Conference Call Participants

Saket Kalia – Barclays
Hamza Fodderwala – Morgan Stanley
Brian Essex – JPMorgan
Gabriela Borges – Goldman Sachs
Jonathan Ho – William Blair
Peter Weed – Bernstein
Shaul Eyal – Cowen
Tal Liani – Bank of America
Andy Nowinski – Wells Fargo
Matt Hedberg – RBC

Walter Pritchard

Good day, everyone, and welcome to Palo Alto Networks Second Quarter 2025 Earnings Conference Call. I’m Walter Pritchard, Senior Vice President of Investor Relations and Corporate Development. Please note that this call is being recorded today, Thursday, February 13, 2025 at 1.30 PM Pacific Time.

With me on today’s call to discuss second quarter results are Nikesh Arora, our Chairman and Chief Executive Officer; and Dipak Golechha, our Chief Financial Officer. Following our prepared remarks, Lee Klarich, our Chief Product Officer, will join us for the question-and-answer portion. You can find the press release and other information to supplement today’s discussion on our website at investors.paloaltonetworks.com. While there, please click on the link for quarterly results to find the Q2 ’25 supplemental information and the Q2 ’25 earnings presentation.

During the course of today’s call, we will make forward-looking statements and projections regarding the company’s business operations and financial performance. These statements made today are subject to a number of risks and uncertainties that could cause our actual results to differ from those forward-looking statements. Please review our press release and recent SEC filings for a description of these risks and uncertainties. We assume no obligation to update any forward-looking statements made in