Palo Alto Networks Buys AI Workflow Platform Console

Palo Alto Networks has acquired Console, an AI-native platform intended to help enterprises create agent-based workflows and automate operational tasks through natural-language prompts. The company announced the deal alongside its fiscal fourth-quarter 2026 financial results.

Financial terms were not disclosed. Palo Alto Networks said Console’s technology will be incorporated into its Cortex security operations platform, expanding the company’s use of AI agents in investigation, prioritization and response workflows.

Agentic automation focus

Console enables users to state an operational goal in plain language, after which AI agents can analyze relevant information and perform actions intended to complete the task. Palo Alto Networks said the capability could be used by security teams to handle alerts, incidents and service requests more quickly across enterprise environments.

The acquisition reflects continued industry investment in AI systems that can do more than summarize data or make recommendations. Vendors are increasingly positioning agentic tools as a way to automate multi-step processes, although organizations will still need controls over agent permissions, data access and automated remediation actions.

Palo Alto Networks Chief Executive Nikesh Arora said Console would allow customers to interact directly with their data and build workflows that can identify and remediate issues automatically.

Quarterly results

For the quarter ended July 31, Palo Alto Networks reported revenue of $3.41 billion, a 34% increase from the same period a year earlier. Remaining performance obligations, a measure of contracted future revenue, also rose 34% to $21.2 billion.

• The company recorded a GAAP net loss of $282 million, or 35 cents per diluted share.
• In the comparable prior-year quarter, it reported GAAP net income of $254 million.
• Palo Alto Networks said it added nearly $1 billion in net new next-generation security annual recurring revenue during the quarter.

Looking ahead, the company forecast fiscal 2027 revenue of between $14.1 billion and $14.2 billion, which would represent annual growth of approximately 23% to 24%.