Product — Total Revenue
Fortinet Product — Total Revenue decreased by 6.7% to $645.10M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 40.5%, from $459.10M to $645.10M. Over 4 years (FY 2021 to FY 2025), Product — Total Revenue shows an upward trend with a 15.3% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong demand for new infrastructure deployments, while a decrease may indicate market saturation or a shift toward subscription-only models.
Detailed definition
This metric represents the total revenue generated from the sale of hardware appliances and perpetual software licenses....
Peer comparison
Peers in the cybersecurity hardware space typically report this as 'Product Revenue' or 'Appliance Revenue', often comparing it against total revenue growth rates.
ftnt_segment_product_total_revenueHistorical 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 | $298.30M | $337.10M | $378.90M | $371.00M | $400.70M | $468.70M | $540.10M | $500.70M | $472.60M | $465.90M | $488.10M | $408.90M | $451.90M | $473.90M | $574.00M | $459.10M | $508.90M | $559.30M | $691.10M | $645.10M |
| QoQ Change | — | +13.0% | +12.4% | -2.1% | +8.0% | +17.0% | +15.2% | -7.3% | -5.6% | -1.4% | +4.8% | -16.2% | +10.5% | +4.9% | +21.1% | -20.0% | +10.8% | +9.9% | +23.6% | -6.7% |
| YoY Change | — | — | — | — | +34.3% | +39.0% | +42.5% | +35.0% | +17.9% | -0.6% | -9.6% | -18.3% | -4.4% | +1.7% | +17.6% | +12.3% | +12.6% | +18.0% | +20.4% | +40.5% |
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Frequently Asked Questions
- What is Fortinet's product — total revenue?
- Fortinet (FTNT) reported product — total revenue of $645.10M in Q1 2026.
- How has Fortinet's product — total revenue changed year-over-year?
- Fortinet's product — total revenue increased by 40.5% year-over-year, from $459.10M to $645.10M.
- What is the long-term trend for Fortinet's product — total revenue?
- Over 4 years (2021 to 2025), Fortinet's product — total revenue has grown at a 15.3% compound annual growth rate (CAGR), from $1.26B to $2.22B.
- What does product — total revenue mean?
- Total revenue earned from selling physical security hardware and perpetual software licenses.