Earnings history

last 4 reports each · paired by recencyMethod

FTNT

2 of 4at or beyond implied

Reportimpliedrealized× implied

Q3 FY26±10.0%−20.09%×2.01

Q2 FY26±11.7%+0.67%×0.06

Q1 FY26±8.9%+20.03%×2.25

Q4 FY25±9.2%+4.85%×0.52

PANW

2 of 4at or beyond implied

Reportimpliedrealized× implied

Q4 FY26±9.4%−9.28%×0.99

Q3 FY26±11.1%−5.64%×0.50

Q2 FY26±6.7%−6.82%×1.01

Nov 20 '25±5.7%−7.42%×1.30

= impliedFTNT realized, solidPANW realized, hatchedOne scale, both sides: full bar = 21%× = |realized| ÷ impliedSource: market data

FTNT compared with PANW: revenue, margins and what each company keeps, and the suppliers and customers both name