In Q1'26, Palo Alto Networks' Product segment generated $434M in revenue, reflecting a 22% increase from $353.8M in Q1'25, while the Subscription and support segment reached $2.04B, up 14% from $1.785B in the prior year, contributing the majority of total revenue at approximately 82%. Over the period from Q2'23 to Q1'26, the Subscription and support segment has shown consistent growth, rising from $1.302B to $2.04B with a compound annual growth rate of about 16%, underscoring its dominance in the revenue mix (typically 75-82% of total). The Product segment exhibited volatility, peaking at $573.9M in Q4'25 before dipping to $434M in Q1'26, yet overall trended upward from $352.9M in Q2'23, driven by periodic surges in Q4 quarters that highlight seasonal demand patterns in cybersecurity hardware sales.