At the archive date, Fortinet, Inc. was expected to release its Q3 2026 10-Q filing on November 3, 2026, after market close. Last quarter: Fortinet delivered strong performance in Q2 FY2026 with total revenue rising 25.6% year-over-year to $2.05B and operating income expanding 50.5% to $689.3M, driven by a 52% surge in product revenue and robust operating leverage.
EPS Estimate
$0.87
Revenue Estimate
$2.1B
Analyst consensus captured from Finnhub and Financial Modeling Prep. This archived preview is no longer updated with later results; see the FTNT page for retained reports.
Drawn from management commentary in the Q2 2026 10-Q:
Total revenue for Q2 FY2026 increased 25.6% YoY to $2.05B. Product revenue surged 52% YoY to $773.0M, primarily driven by higher hardware unit shipments, demand for higher-performing ASIC-powered models, recent pricing actions, and AI infrastructure deployments. Service revenue grew 14% YoY to $1.27B, supported by security subscription growth.
Revenue grew across all geographic regions in Q2 FY2026: EMEA grew 31% YoY to $871.7M (43% of total), Americas increased 23% YoY to $808.2M (39% of total), and APAC rose 21% YoY to $368.0M (18% of total). Non-GAAP billings grew 33% YoY to $2.37B.
Operating income grew 50.5% YoY to $689.3M, lifting Q2 FY2026 operating margin by 5.6 percentage points YoY to 33.7%. Operating expenses as a percentage of revenue decreased by 6.0 percentage points as revenue growth outpaced headcount growth (+4% YoY to 15,472 employees).
Revenue
$2.05B
+25.64% YoY
EPS (Diluted)
$0.82
+43.86% YoY
Gross Margin
80.2%
-0.4 pts YoY
Operating Income
$689.3M
+50.50% YoY
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