Fortinet, Inc. (FTNT) Financials
Key financial figures for Fortinet, Inc. (Q3 2026).
Fortinet Q3 2026 revenue rose 20% to $2.08B and billings 29% to $2.34B; product revenue growth slowed to 37% from 52% in Q2, and FY2026 revenue and billings guidance was raised. Revenue was $2,078.4M, up 20% YoY (Product $765.0M, +37%; Service $1,313.4M, about +13% calculated), inside the company's own Q3 guide of $2.010B to $2.100B. Billings were $2,336.3M, up 29% YoY, inside the $2.250B to $2.350B guide. Profitability beat the company's own ranges: non-GAAP operating margin was 38.2% against a 35.0% to 37.0% guide, and non-GAAP EPS was $0.91 against $0.83 to $0.87. GAAP operating income was $704.3M (33.9% margin) and GAAP diluted EPS was $0.86 versus $0.62 a year earlier. On the outlook: Q4 2026: revenue $2.155B to $2.245B, billings $2.775B to $2.925B, non-GAAP operating margin 35.5% to 37.5%, non-GAAP EPS $0.93 to $0.95. FY2026: revenue $8.125B to $8.215B (prior $8.020B to $8.180B), billings $9.568B to $9.718B (prior $9.350B to $9.550B), service revenue $5.150B to $5.170B (prior $5.180B to $5.220B), non-GAAP operating margin 36.5% to 37.5% (prior 35.0% to 37.0%), non-GAAP EPS $3.54 to $3.58 (prior $3.41 to $3.47). Figures are for Q3 2026, as Fortinet, Inc. reported them.
- Revenue
- $2.1B
- Net Income
- $636M
- EPS
- $0.87
- Total Assets
- $11.9B
- Operating Cash Flow
- $946M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $2.1B | $636M | $0.86 | 33.89% | $882M |
| Q2 FY2026 | $2.0B | $606M | $0.82 | 33.66% | $966M |
| Q1 FY2026 | $1.8B | $535M | $0.72 | 31.36% | $1.0B |
| Q4 FY2025 | $1.9B | $506M | $0.68 | 32.84% | $577M |
| Q3 FY2025 | $1.7B | $474M | $0.62 | 31.73% | $568M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $6.8B | $1.9B | $2.42 | 30.62% | $2.2B |
| FY2024 | $6.0B | $1.7B | $2.26 | 30.28% | $1.9B |
| FY2023 | $5.3B | $1.1B | $1.46 | 23.4% | $1.7B |
Frequently asked questions
What was Fortinet, Inc.'s revenue last quarter?
Fortinet, Inc. reported revenue of $2.08 billion for Q3 FY2026, up 20.5% from the same period a year earlier.
Is Fortinet, Inc. profitable?
Yes. Fortinet, Inc. reported net income of $635.5 million for Q3 FY2026, a net margin of 30.58% on revenue.
How has Fortinet, Inc.'s margin trended?
Operating margin was 33.89% in Q3 FY2026, compared with 31.73% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Fortinet, Inc. generate?
Fortinet, Inc. generated free cash flow of $881.8 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Fortinet, Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.