Fortinet (FTNT)
NASDAQ:FTNT
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Earnings Data
Report Date
Jul 30, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.74Last Year’s EPS
0.64Same Quarter Last Year
Based on 32 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong set of operating and financial results with high billings (+31%), revenue (+20%), outsized product growth (+41%), record margins and free cash flow, and raised guidance—underscoring broad-based demand (OT, SASE, AI security) and clear market-share momentum. Noted challenges include a services revenue conversion lag, component cost pressures requiring cautious pricing assumptions, some remaining supply-chain timing uncertainty, and analyst questions around SASE ARR cadence. Overall, the positive operational and financial momentum and increased guidance substantially outweigh the manageable near-term risks.Company Guidance
Strong Billings Growth
Total billings grew 31% year-over-year to $2.09 billion, driven by broad strength across secure networking and unified SASE.
Robust Revenue and Product Momentum
Total revenue increased 20% year-over-year to $1.85 billion; product revenue surged 41% to $645 million, reflecting customer shift to higher-performance products for AI workloads.
Services and Deferred Revenue Strength
Service revenue grew 11% to $1.21 billion; service billings reaccelerated to 27% growth and deferred revenue increased 15%, with SecOps ARR growth noted as a leading indicator.
Outstanding Profitability and Margins
Non-GAAP gross margin was 81% and GAAP gross margin 80.3%. Non-GAAP operating margin hit a first-quarter record of 35.8% (up 160 bps) and GAAP operating margin was 31.4%.
Earnings and Cash Flow Highlights
Non-GAAP EPS rose 41% to $0.82 and GAAP EPS rose 29% to $0.72. Free cash flow reached a record $1.01 billion (adjusted FCF $1.07 billion, up 27%) representing a 58% margin.
Capital Return and Buybacks
Repurchased 10.6 million shares for $827 million in the quarter (plus 1.9M shares for $146M quarter-to-date), with approximately $766 million remaining authorization.
AI-Driven and Segment-Specific Wins
OT billings accelerated over 70%; unified SASE billings grew 31%; AI-driven security operations billings grew 23%; large enterprise >$1M deals and total deal value grew over 60%.
Customer Additions and Product Launches
Added over 6.6k new organizations selecting FortiOS platform in the quarter and announced new 3500G and 400G series to improve performance for AI and high-throughput environments.
Raised and Reiterated Guidance
Reiterated and raised FY2026 guidance: billings $8.8B–$9.1B (midpoint +18%), revenue $7.71B–$7.87B (midpoint +15%), service revenue $5.09B–$5.15B (midpoint +12%); Q2 and full-year margin and EPS ranges provided.
FTNT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FTNT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $89.95 | $107.97 | +20.03% |
Feb 05, 2026 | $78.93 | $82.76 | +4.85% |
Nov 05, 2025 | $85.99 | $80.54 | -6.34% |
Aug 06, 2025 | $96.58 | $75.30 | -22.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Fortinet (FTNT) report earnings?
Fortinet (FTNT) is schdueled to report earning on Jul 30, 2026, TBA (Confirmed).
What is Fortinet (FTNT) earnings time?
Fortinet (FTNT) earnings time is at Jul 30, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FTNT EPS forecast?
FTNT EPS forecast for the fiscal quarter 2026 (Q2) is 0.74.
