Palo Alto Networks acquires AI agent platform Console

Palo Alto Networks has acquired Console, an AI-native platform for building agentic workflows and automating operational tasks using natural language. Financial terms were not disclosed.

The company said Console will deepen the agentic capabilities of its Cortex platform, letting security teams investigate signals, prioritise work and take action automatically across enterprise environments. CEO Nikesh Arora said customers will be able to have a direct conversation with data and build agentic workflows in natural language to alert and remediate issues automatically.

The acquisition was announced alongside Palo Alto Networks’ fourth quarter fiscal 2026 results. Revenue rose 34% year over year to $3.41 billion, with remaining performance obligations up 34% to $21.2 billion. The company reported a GAAP net loss of $282 million, compared with net income of $254 million a year earlier, and added nearly $1 billion in net new next-generation security ARR during the quarter. It expects fiscal 2027 revenue of between $14.1 billion and $14.2 billion.