Fortinet, Inc.

Fortinet, Inc. announced the appointment of Derek Kan to its board of directors. Kan brings extensive experience in scaling technology businesses, deploying AI, and governing large-scale operations across both public and private sectors. His background includes executive roles at Shopify, leadership positions in the U.S. government, and board memberships at several public companies, which is expected to strengthen Fortinet's leadership in cybersecurity.

Fortinet announced the launch of FortiSOC, a new unified, cloud-delivered Security Operations Center (SOC) platform. This SaaS offering integrates six security operations functions, including SIEM, SOAR, and threat intelligence, into a single experience. FortiSOC leverages embedded agentic AI for autonomous investigation and response, aiming to simplify and scale modern security operations for organizations of all sizes. It complements Fortinet's existing SOC platform portfolio by offering a consolidated cloud-based model.

Fortinet reported strong financial results for the first quarter ended March 31, 2026, with total revenue increasing by 20.1% year-over-year to $1.85 billion and net income rising 23.3% to $534.5 million. The company also completed the acquisition of the remaining stake in Linksys Holdings, Inc. and repaid $500.0 million of its 2026 Senior Notes during the quarter.

Fortinet, Inc. reported strong financial results for the first quarter ended March 31, 2026, exceeding the high end of its guidance for both revenue and profitability. The company achieved a 20% year-over-year increase in revenue to $1.85 billion and a 41% rise in non-GAAP diluted earnings per share to $0.82. Driven by strong execution and broad-based demand, Fortinet also raised its full-year 2026 revenue guidance, now expecting 15% year-over-year growth.

Fortinet's 2026 Global Threat Landscape Report reveals a significant increase in cybercrime sophistication and impact, driven by agentic AI. Ransomware victims surged by 389% year-over-year to 7,831 globally, with time-to-exploit critical outbreaks shrinking to 24-48 hours. The report also highlights a 25.49% increase in global exploitation attempts and a 79% rise in stolen datasets, emphasizing the evolving threat landscape and the need for AI-enabled defense. Fortinet is actively involved in disrupting cybercrime through collaborations and new programs.

Fortinet, Inc. announced its participation in the World Economic Forum Annual Meeting on Cybersecurity 2026, taking place in Geneva. The meeting will focus on enhancing global cooperation, intelligence sharing, and developing coordinated strategies to address systemic cyber risks. As a founding partner of the WEF Centre for Cybersecurity, Fortinet continues its active involvement in key initiatives such as The Partnership Against Cybercrime, Cybersecurity Learning Hub, and the Cybercrime Atlas, aiming to disrupt cybercriminal operations and tackle the skills shortage. The company will contribute its global threat intelligence and operational experience to discussions on coordinated cybercrime disruption, public-private partnerships, AI-driven threats, and strengthening cyber resilience.

Fortinet, Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on June 12, 2026. Stockholders will vote on the election of nine director nominees, including new nominee Derek Kan, the ratification of Deloitte & Touche LLP as the independent auditor for 2026, and an advisory vote on named executive officer compensation. The company reported strong financial performance for 2025, with total revenue up 14% to $6.80 billion and operating income up 16% to $2.08 billion, alongside significant progress in corporate social responsibility initiatives.

Fortinet, a global cybersecurity leader, announced it has received the 2026 Google Cloud Partner of the Year Award for Workload Security. This recognition highlights Fortinet's achievements in the Google Cloud ecosystem, particularly for its cloud-native application protection platform (CNAPP), FortiCNAPP, which helps customers secure modern workloads across hybrid and multi-cloud environments. The award underscores the strength of Fortinet's platform approach and its ongoing collaboration with Google Cloud to deliver integrated security solutions.