As of Q2'26 (2026-01-31), PANW reported an EPS Surprise of 9.69% and a YoY EPS Growth of 0.49%. This marks a return to positive EPS Surprise after several quarters of negative results, indicating a potential improvement in earnings performance. Over the period from Q3'23 to Q2'26, the EPS Surprise % displayed significant volatility, with positive surprises in early quarters, followed by a sharp decline into negative territory from Q2'24 through Q1'25, and a gradual recovery back to positive values by Q2'26. Meanwhile, YoY EPS Growth peaked at 52.57% in Q4'23 before trending downward, turning negative in Q2'25 and remaining subdued through Q2'26. The data highlights a period of strong initial growth and positive surprises, followed by a challenging stretch with negative surprises and stagnating growth, before showing early signs of stabilization and recovery in the most recent quarters.