Q2 Exceeds Expectations

Q2 CY 2026 results also exceeded expectations: revenue climbed 10.9 % to $865.1 million; non‑GAAP profit was $4.73 per share, 18.3 % above consensus; adjusted operating income $302.7 million beat estimates by 8.3 %. Guidance for Q3 CY 2026 projects revenue of $880 million, surpassing the $858.5 million consensus. Full‑year adjusted EPS guidance was lifted to $17.27, a 5.3 % increase. The company highlighted AI‑driven application security and hybrid cloud demand as key growth drivers, while noting component cost dynamics and pricing changes could press margins. CAC payback is 7.7 months; billings grew 11.3 % YoY over the past four quarters, suggesting competitive pressure on customer acquisition.