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3 September 2026

Palo Alto Networks posts strong quarter as AI security threats drive customer upgrades

First reported

CNBC and TechCrunch ran this on , all on the same day.

  • Palo Alto Networks, a major cybersecurity company, reported revenue up 34% to $2.54 billion in its latest quarter, beating analyst expectations as companies rush to defend against AI-powered attacks.
  • CEO Nikesh Arora told CNBC that AI-driven cyberattacks are forcing enterprises to modernize aging security systems, describing this as a long-term trend rather than a one-quarter spike.

Reported by CNBC, TechCrunch