As of Q2'26 (2026-01-31), PANW reported a diluted EPS of 0.6 USD, representing a modest year-over-year growth rate of 0.58%. This marks a sequential increase from the previous quarter’s EPS of 0.47 USD. Over the period from Q3'23 to Q2'26, PANW’s diluted EPS displayed significant volatility, with a notable spike to 2.445 USD in Q2'24, followed by a normalization to the 0.36–0.6 USD range in subsequent quarters. Year-over-year EPS growth peaked sharply at 45.43% in Q4'23 but has since moderated, turning slightly negative in several quarters of 2025 before recovering to low single-digit growth rates by early 2026. This trend suggests that while EPS growth has stabilized recently, the company experienced a period of exceptional but unsustainable earnings expansion earlier in the timeframe.