Quarterly ResultJul 29, 2026, 04:14 PM
Fortinet Q2 Revenue $2.05B, EPS $0.82; Raises 2026 Guidance
AI Summary
Fortinet reported strong second-quarter 2026 financial results, exceeding the high end of its guidance for revenue and profitability. The company announced revenue of $2.05 billion, a 26% year-over-year increase, and GAAP diluted EPS of $0.82, up 44% year-over-year. Following these results, Fortinet raised its full-year 2026 revenue guidance to a range of $8.02 billion to $8.18 billion, representing 19% year-over-year growth. Key business highlights included new product launches, strategic collaborations, and a credit rating upgrade from Moody's.
Key Highlights
- Revenue grew 26% year over year to $2.05 billion.
- Product revenue grew 52% year over year to $773 million.
- Billings grew 33% year over year to $2.37 billion.
- GAAP earnings per share grew 44% year over year to $0.82.
- Non-GAAP earnings per share grew 41% year over year to $0.90.
- Operating cash flow was $1.04 billion and free cash flow was $966 million.
- Raised 2026 revenue guidance to $8.02 billion - $8.18 billion (19% YoY growth).
- Moody's upgraded Fortinet's senior unsecured notes rating to A3 from Baa1.
Price Impact
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