Quarterly ResultJul 29, 2026, 04:09 PM
Fortinet Q2 Revenue $2.05B (+26%), Raises FY26 Guidance
AI Summary
Fortinet reported strong second-quarter 2026 results, exceeding the high end of its revenue and profitability guidance. Revenue increased 26% year-over-year to $2.05 billion, with product revenue surging 52% to $773 million and billings growing 33% to $2.37 billion. The company also raised its full-year 2026 revenue guidance to 19% year-over-year growth. Key business highlights include a strategic collaboration with Intel, new product launches like FortiGate 1200G and FortiSOC, and partnerships with AI leaders like Anthropic, OpenAI, and NVIDIA. Moody's also upgraded Fortinet's senior unsecured notes rating to A3.
Key Highlights
- Q2 2026 Revenue grew 26% year-over-year to $2.05 billion.
- Product revenue increased 52% year-over-year to $773 million.
- Billings rose 33% year-over-year to $2.37 billion.
- Non-GAAP diluted EPS grew 41% year-over-year to $0.90.
- Raised full-year 2026 revenue guidance to 19% year-over-year growth.
- Moody’s upgraded senior unsecured notes rating to A3 from Baa1.
- Operating cash flow was $1.04 billion and free cash flow was $966 million.
- Launched FortiSOC, a new cloud-delivered SOC platform.
Price Impact
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