Fortinet Reports Strong Third Quarter 2026 Financial Results
Fortinet delivered a strong Q3 2026: revenue of $2.08B (+20% YoY), billings of $2.34B (+29%), non-GAAP EPS of $0.91 vs $0.74 a year ago, and free cash flow of $865M at a 41.6% margin. Product revenue was the standout, up 37% YoY to $765M, with non-GAAP operating margin expanding to 38%.
Key figures
- Eps
- 0.86
- Revenue
- 2084000000
- Guidance
- Q4 revenue $2.155B-$2.245B, billings $2.775B-$2.925B, non-GAAP EPS $0.93-$0.95; FY26 revenue $8.125B-$8.215B, billings $9.568B-$9.718B, non-GAAP EPS $3.54-$3.58 (20% YoY revenue growth)
- Revenue Yoy
- 20%
- Fcf
- 864800000
- Billings
- 2336300000
- Fcf margin
- 41.6%
- Billings yoy
- 29%
- Non gaap eps
- 0.91
- Product revenue
- 765000000
- Buyback increase
- 1200000000
- Operating cash flow
- 946000000
- Product revenue yoy
- 37%
- Gaap operating margin
- 34%
- Non gaap operating margin
- 38%
- Remaining buyback authorization
- 2000000000
AI analysis
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