Fortinet, Inc. (FTNT) Financials
Key financial figures for Fortinet, Inc. (Q2 2026).
Fortinet revenue grew 26% year over year to $2.05 billion in Q2 2026, exceeding the high end of guidance, and the company raised full-year 2026 revenue guidance to 19% growth. Revenue rose 26% year over year to $2.05 billion, product revenue grew 52% to $773 million, and billings grew 33% to $2.37 billion, all above the high end of prior guidance. GAAP operating margin reached 34% and non-GAAP operating margin reached 38%, both up from the year-ago quarter (28% and 33% respectively). GAAP diluted EPS grew 44% year over year to $0.82; non-GAAP diluted EPS grew 41% to $0.90. Operating cash flow was $1.04 billion and free cash flow was $966 million, up sharply from $284 million in the year-ago quarter. On the outlook: For Q3 2026, Fortinet expects revenue of $2.010B-$2.100B, billings of $2.250B-$2.350B, non-GAAP operating margin of 35.0%-37.0%, and non-GAAP diluted EPS of $0.83-$0.87. For full-year 2026, Fortinet raised guidance to revenue of $8.020B-$8.180B (19% YoY growth), billings of $9.350B-$9.550B, non-GAAP operating margin of 35.0%-37.0%, and non-GAAP diluted EPS of $3.41-$3.47. Figures are for Q2 2026, as Fortinet, Inc. reported them.
- Revenue
- $2.0B
- Net Income
- $606M
- EPS
- $0.83
- Total Assets
- $10.9B
- Operating Cash Flow
- $1.0B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| 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 | 31.65% | $568M |
| Q2 FY2025 | $1.6B | $440M | $0.57 | 28.02% | $284M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $6.8B | $1.9B | $2.43 | 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 $2.05 billion for Q2 FY2026, up 25.6% from the same period a year earlier.
Is Fortinet, Inc. profitable?
Yes. Fortinet, Inc. reported net income of $606.3 million for Q2 FY2026, a net margin of 29.61% on revenue.
How has Fortinet, Inc.'s margin trended?
Operating margin was 33.66% in Q2 FY2026, compared with 28.02% 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 $965.6 million in Q2 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.