# Palo Alto Networks Expands AI Security Platform With CyberArk Deal

By Simon Yoon

Canonical URL: https://www.tokenpost.com/news/technology/25668
Published: 2026-09-30T07:19:50.000Z
Updated: 2026-09-30T07:19:50.000Z
Section: Technology

> The cybersecurity company posted $11.48 billion in fiscal 2026 revenue and added identity and observability capabilities through acquisitions.

Palo Alto Networks is expanding its cybersecurity platform around AI-driven risks as more capable systems increase both defensive capabilities and the potential speed of attacks.

The company generated $11.48 billion in revenue for the fiscal year ended July 31, 2026. Subscription and support services accounted for $9.20 billion, while products generated $2.28 billion. Palo Alto Networks had 21,921 employees at the end of the fiscal year.

Under Chairman and CEO Nikesh Arora, the company has moved beyond its network-firewall origins into cloud security, security operations, identity protection and AI security.

Palo Alto Networks completed its acquisition of CyberArk on Feb. 11, 2026, in a transaction valued at approximately $25 billion in equity value. The deal added capabilities intended to protect human, machine and AI-agent identities.

Palo Alto Networks closed its Chronosphere purchase Jan. 29, adding tools to monitor cloud infrastructure, applications and AI-system performance. Observability tools help organizations monitor how those systems operate and identify problems across increasingly complex environments.

“The emerging wave of AI agents will require us to secure every identity—human, machine, and agent,” Arora said.

The expansion comes as advanced AI systems are being developed for both defensive and offensive cybersecurity applications. They can help identify vulnerabilities, patch software and automate security work, while also increasing the risk that attackers will automate reconnaissance, exploitation and intrusion.

Access to some advanced cybersecurity-capable models has been restricted. U.S. export controls on Anthropic’s Mythos 5 and Fable 5 models were imposed June 12, 2026, and lifted June 30. Mythos 5 was initially available only to a small group of vetted partners because of its cybersecurity capabilities.

Palo Alto Networks added almost $1 billion in next-generation security ARR during the fiscal fourth quarter. Arora said AI advances were moving cybersecurity higher on chief information officers’ priority lists.

“The latest advancements in AI are elevating cybersecurity to the top of the CIO priority list, and will serve as durable tailwinds as we progress towards our $20 billion FY30 NGS ARR target,” Arora said.

The company now operates across network, cloud, security operations, identity and AI security. Its expanded platform places identity protection and visibility into cloud and AI environments alongside existing security products as companies increasingly depend on autonomous software.