Product — Gross Profit
Fortinet Product — Gross Profit decreased by 5.5% to $436.80M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 41.3%, from $309.20M to $436.80M. Over 4 years (FY 2021 to FY 2025), Product — Gross Profit shows an upward trend with a 18.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates better pricing power or lower production costs, while a decrease suggests margin compression due to competition or rising input costs.
Detailed definition
This metric is calculated as the total product revenue minus the total cost of product revenue. It measures the profitab...
Peer comparison
Standard 'Product Gross Profit' metric used across hardware and networking equipment vendors to evaluate segment-level margin performance.
ftnt_segment_product_gross_profitHistorical Data
| 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 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $182.70M | $202.80M | $232.40M | $210.00M | $245.50M | $283.50M | $350.20M | $307.10M | $298.10M | $267.60M | $290.90M | $226.10M | $296.80M | $337.80M | $396.00M | $309.20M | $343.00M | $378.60M | $462.20M | $436.80M |
| QoQ Change | — | +11.0% | +14.6% | -9.6% | +16.9% | +15.5% | +23.5% | -12.3% | -2.9% | -10.2% | +8.7% | -22.3% | +31.3% | +13.8% | +17.2% | -21.9% | +10.9% | +10.4% | +22.1% | -5.5% |
| YoY Change | — | — | — | — | +34.4% | +39.8% | +50.7% | +46.2% | +21.4% | -5.6% | -16.9% | -26.4% | -0.4% | +26.2% | +36.1% | +36.8% | +15.6% | +12.1% | +16.7% | +41.3% |
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Frequently Asked Questions
- What is Fortinet's product — gross profit?
- Fortinet (FTNT) reported product — gross profit of $436.80M in Q1 2026.
- How has Fortinet's product — gross profit changed year-over-year?
- Fortinet's product — gross profit increased by 41.3% year-over-year, from $309.20M to $436.80M.
- What is the long-term trend for Fortinet's product — gross profit?
- Over 4 years (2021 to 2025), Fortinet's product — gross profit has grown at a 18.1% compound annual growth rate (CAGR), from $767.30M to $1.49B.
- What does product — gross profit mean?
- The profit remaining from product sales after subtracting the direct costs of producing and delivering those products.