Quarterly ResultJul 30, 2026, 05:41 PM
Fortinet Q2 Revenue +25.6% to $2.05B; EPS $0.82
AI Summary
Fortinet reported strong second-quarter 2026 financial results, with total revenue increasing by 25.6% year-over-year to $2.05 billion and diluted EPS rising by 43.8% to $0.82. For the first six months of 2026, net income grew by 30.6% to $1.14 billion, driven by robust product and service revenue growth. The company also generated significant operating cash flow, continued its share repurchase program, and made strategic real estate investments.
Key Highlights
- Q2 2026 total revenue increased 25.6% to $2.05 billion from $1.63 billion in Q2 2025.
- Q2 2026 diluted earnings per share rose 43.8% to $0.82 from $0.57 in Q2 2025.
- Product revenue for Q2 2026 grew 51.9% to $773.0 million, and service revenue increased 13.7% to $1.27 billion.
- Net income for the six months ended June 30, 2026, was $1.14 billion, up 30.6% year-over-year.
- Net cash provided by operating activities for the six months was $2.12 billion, a significant increase.
- Repurchased $972.8 million of common stock and repaid $500.0 million in senior notes during the six months.
- Total deferred revenue stood at $7.68 billion as of June 30, 2026.
- Purchased $62.1 million in real estate for future data center and office expansion.
Price Impact
More from FTNT