Operating
Change in Inventories
Fortinet Change in Inventories decreased by 180.0% to -$23.60M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 169.2%, from $34.10M to -$23.60M. Over 3 years (FY 2021 to FY 2024), Change in Inventories shows a downward trend with a 88.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryEfficiency
SignalLower is better
VolatilityVolatile
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
An increase might signal preparation for a major product launch or, conversely, slowing demand and potential future write-downs.
Detailed definition
This metric tracks the change in the value of raw materials, work-in-progress, and finished goods held by the company. A...
Peer comparison
Consumer hardware companies aim for high inventory turnover to minimize the risk of product obsolescence.
Metric ID:
cf_change_in_inventoriesHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $5.40M | -$600.00K | $0.00 | $13.50M | $17.70M | $28.50M | $49.40M | $45.30M | $84.90M | $100.80M | $22.50M | -$36.50M | -$48.70M | -$19.70M | -$26.30M | $34.10M | $45.50M | $29.50M | -$23.60M |
| QoQ Change | — | -111.1% | +100.0% | — | +31.1% | +61.0% | +73.3% | -8.3% | +87.4% | +18.7% | -77.7% | -262.2% | -33.4% | +59.5% | -33.5% | +229.7% | +33.4% | -35.2% | -180.0% |
| YoY Change | — | — | — | — | +227.8% | >999% | — | +235.6% | +379.7% | +253.7% | -54.5% | -180.6% | -157.4% | -119.5% | -216.9% | +193.4% | +193.4% | +249.7% | -169.2% |
Range-$48.70M – $100.80M
CAGR+38.8%
Avg YoY Growth+406.1%
Median YoY Growth+193.4%
Current Streak2 quarters decline
Change in Inventories at Other Companies
Frequently Asked Questions
- What is Fortinet's change in inventories?
- Fortinet (FTNT) reported change in inventories of -$23.60M in Q1 2026.
- How has Fortinet's change in inventories changed year-over-year?
- Fortinet's change in inventories decreased by 169.2% year-over-year, from $34.10M to -$23.60M.
- What is the long-term trend for Fortinet's change in inventories?
- Over 3 years (2021 to 2024), Fortinet's change in inventories has grown at a 88.8% compound annual growth rate (CAGR), from $19.50M to -$131.20M.
- What does change in inventories mean?
- The change in the value of products and materials the company has in stock.