Palo Alto Networks

News Summary:

Palo Alto Networks agreed on May 2, 2026, to acquire AI infrastructure startup Portkey to expand its capabilities in securing enterprise use of autonomous AI systems. The companies did not disclose financial terms, and the acquisition is expected to close in the fourth quarter of Palo Alto Networks’ fiscal year 2026, subject to approvals. This follows an earlier announcement on May 1, 2026, which detailed the acquisition's aim to funnel artificial intelligence agent communications through a centralized gateway, adding centralized policy control over agent communications. Also on May 2, 2026, Palo Alto Networks reported its Q3 FY2026 earnings, with revenue reaching $1.86 billion, exceeding expectations. Management highlighted strong growth in subscription services driven by increasing demand for cybersecurity solutions, with the company's gross margin expanding to 74.1% as operating expenses increased 22% year-over-year. The company projects Q4 FY2026 revenue to be between $1.93 billion and $1.95 billion, with a non-GAAP operating margin of 24.5% to 25.5%. Previously, on May 1, 2026, the 2026 Unit 42 Global Incident Response Report revealed that threat actors now move four times faster to exfiltration than in 2025, intentionally exploiting blind spots created by an over-reliance on endpoint data by striking across three or more surfaces simultaneously.