Fortinet Reports Strong Third Quarter 2026 Financial Results
Key Highlights
- ➤Revenue $2.08 billion, up 20% year over year
- ➤Billings $2.34 billion, up 29% year over year
- ➤2026 revenue guidance raised to 20% year-over-year growth
- ➤Non-GAAP operating margin reached 38%
- ➤Share repurchase authorization increased $1.2 billion to $2 billion remaining
Expert Statements
Ken Xie, Founder, Chairman and Chief Executive Officer of Fortinet
“We are very pleased with our excellent third quarter results, which reflect strong execution and broad-based demand across our entire portfolio, allowing us to raise our 2026 billings guidance for the third time this year.”
Ken Xie, Founder, Chairman and Chief Executive Officer of Fortinet
“Our strong momentum is driven by our continued leadership in the AI era.”
Ken Xie, Founder, Chairman and Chief Executive Officer of Fortinet
“As AI introduces entirely new attack surfaces, Network Security remains the critical foundation of AI Security.”
Ken Xie, Founder, Chairman and Chief Executive Officer of Fortinet
“Powered by our single FortiOS operating system and proprietary FortiASIC technology, our unified platform approach secures critical AI infrastructure while delivering industry-leading performance and a significantly lower total cost of ownership.”
Highlights * Revenue grew 20% year over year to $2.08 billion * Product revenue grew 37% year over year to $765 million * Billings grew 29% year over year to $2.34 billion(1) * GAAP operating margin of 34% * Non-GAAP operating margin of 38%(1) * GAAP earnings per share of $0.86 * Non-GAAP earnings per share of $0.91(1) * Operating cash flow of $946 million * Free cash flow of $865 million(1)
* Share repurchase authorization increased by $1.2 billion; remaining authorization of $2 billion SUNNYVALE, Calif., Oct. 28, 2026 (GLOBE NEWSWIRE) -- Fortinet® (Nasdaq: FTNT), a global cybersecurity leader driving the convergence of networking and security, today announced financial results for the third quarter ended September 30, 2026.
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