| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 2.0K | 10.7% | 25.6% |
| Total Income | 2.0K | 10.7% | 25.6% |
| Expenditure | 1.4K | 7.0% | 15.9% |
| PBT | 720.20 | 9.7% | 39.2% |
| Net Profit | 606.30 | 13.4% | 37.8% |
| OPM | 33.66% | 2.30pp | 5.56pp |
| NPM | 29.61% | 0.71pp | 2.61pp |
| EPS | 0.83 | 15.3% | 45.6% |
Fortinet Reports Strong Second Quarter 2026 Financial Results, Exceeds Guidance and Raises 2026 Revenue Guidance
30 Jul 2026 · 30 Jul, 1:44 am
Summary
Fortinet announced strong financial results for the second quarter of 2026, with revenue increasing 26% year over year to $2.05 billion. The company also saw substantial growth in product revenue (52% YoY) and billings (33% YoY). Management expressed satisfaction with the results, attributing them to the differentiated value of their innovations in the AI Era and customer appreciation for their integrated SASE Firewall solution. Fortinet raised its full-year 2026 revenue guidance, now expecting 19% year-over-year growth.
Key Highlights
- 1
Fortinet reported revenue growth of 26% year over year to $2.05 billion for the second quarter of 2026.
- 2
Product revenue saw a significant increase of 52% year over year, reaching $773 million.
- 3
Billings grew by 33% year over year to $2.37 billion in the second quarter.
- 4
The company achieved a GAAP operating margin of 34% and a non-GAAP operating margin of 38%.
- 5
GAAP earnings per share increased by 44% year over year to $0.82, while non-GAAP earnings per share grew 41% to $0.90.
- 6
Operating cash flow for the quarter was $1.04 billion, with free cash flow at $966 million.
- 7
Fortinet raised its 2026 revenue guidance to 19% year over year growth.
Management Comments
Ken Xie
We are very pleased with our excellent second quarter results, which reflect the differentiated value of our innovation in the AI Era. Our results reflect that customers value Fortinet’s unique ‘SASE Firewall’, with leading firewall, SD-WAN and SASE functionality integrated together on our single FortiOS operating system and powered by our purpose-built FortiASIC, offering customers flexible deployment in a sovereign form factor, on-prem and in the cloud.
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