Fortinet, Inc. earnings overview

FTNT FY2026 Q1 · Calendar Q2 2026

Fortinet, Inc.

Fortinet's Q1 FY2026 results show accelerating demand for its integrated cybersecurity platform, with revenue rising 20% to $1.85B and billings surging 31% to $2.09B, both beating the high end of guidance. The company raised full-year guidance across all top-line metrics, citing AI-driven network complexity, sovereign SASE adoption, and OT security as durable tailwinds. Record free cash flow of $1B and high operating margins reinforce the financial strength of the model, while new 3500G and 400G hardware and a bundled SD-WAN/SASE service extend the product moat. The stock responded with a 20% one-session jump and continued to drift higher by an additional 34%.