Palo Alto CEO: 1,200 customer inquiries on AI security risks in recent weeks

Palo Alto Networks has received about 1,200 customer inquiries in recent weeks seeking guidance on AI-powered cybersecurity risks. CEO Nikesh Arora stated that AI is making cybersecurity more critical as sophisticated AI attacks force companies to strengthen defenses. The company reported 31% year-over-year revenue growth to $3 billion and adjusted earnings per share of 85 cents, exceeding expectations. These results indicate that fears of AI disrupting cybersecurity firms may have been overblown. Shares of Palo Alto and peers have surged, erasing earlier sell-offs, reflecting growing customer demand amid heightened AI threat concerns.