Acquisition announced
Palo Alto Networks said on 1 September 2026 it will acquire Console, an AI‑native platform that lets users build agentic workflows with natural language.
Financial terms were not disclosed.
Why it matters for the Cortex suite
The company says Console will become part of its Cortex portfolio, extending automation capabilities. Unverified claim: the technology is marketed as able to resolve alerts, issues and requests at machine speed.
Quarterly performance snapshot
Revenue for the quarter that ended 31 July rose 34 % year‑over‑year to $3.41 billion.
Remaining performance obligations also jumped 34 % to $21.2 billion.
GAAP net loss hit $282 million, or $0.35 per diluted share, versus a net profit of $254 million a year earlier.
Nearly $1 billion of new next‑generation security ARR was added.
Outlook
Palo Alto Networks projects fiscal 2027 revenue of $14.1‑$14.2 billion, a 23‑24 % increase.
Implications for security teams
Integrating an AI‑driven workflow engine could change how alerts are triaged. Teams should start mapping existing Cortex automation scripts to potential Console capabilities.
Watch for any changes to licensing or API access that may affect budgeting.
Actionable steps
- Review current Cortex deployment and note any gaps in automation.
- Set up a proof‑of‑concept environment once Console becomes available.
- Engage the vendor’s technical account manager to clarify pricing and support models.
- Update incident‑response playbooks to incorporate AI‑generated recommendations, but retain human validation.
Unverified statement: CEO Nikesh Arora said customers will soon have “a direct conversation with data” and can “build agentic workflows.”