Current Assets
Work in process
Fortinet Work in process decreased by 36.7% to $1.90M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 64.2%, from $5.30M to $1.90M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ4 2014
Last reportedQ1 2026
Parent metricInventories
How to read this metric
An increase may indicate production bottlenecks or scaling efforts, while a decrease suggests efficient throughput or reduced manufacturing activity.
Detailed definition
Represents the value of goods that have entered the production process but are not yet finished. For a manufacturer like...
Peer comparison
Peers in medical device manufacturing typically maintain lean WIP levels to optimize cash conversion cycles.
Metric ID:
inv_work_in_progressHistorical Data
19 periods
| 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 | $7.90M | $9.80M | $8.30M | $9.60M | $8.90M | $12.00M | $10.90M | $10.20M | $8.00M | $7.70M | $6.20M | $7.30M | $5.40M | $4.10M | $5.30M | $4.80M | $4.60M | $3.00M | $1.90M |
| QoQ Change | — | +24.1% | -15.3% | +15.7% | -7.3% | +34.8% | -9.2% | -6.4% | -21.6% | -3.8% | -19.5% | +17.7% | -26.0% | -24.1% | +29.3% | -9.4% | -4.2% | -34.8% | -36.7% |
| YoY Change | — | — | — | — | +12.7% | +22.4% | +31.3% | +6.3% | -10.1% | -35.8% | -43.1% | -28.4% | -32.5% | -46.8% | -14.5% | -34.2% | -14.8% | -26.8% | -64.2% |
| % of Inventories | 4.4% | 5.6% | 4.5% | 4.9% | 4.1% | 4.5% | 3.6% | 2.7% | 1.7% | 1.6% | 1.4% | 1.9% | 1.5% | 1.3% | 1.5% | 1.2% | 1.1% | 0.8% | 0.5% |
| Share Change | — | +1.1pp | -1.1pp | +0.4pp | -0.8pp | +0.4pp | -0.9pp | -0.9pp | -1.0pp | -0.1pp | -0.2pp | +0.5pp | -0.4pp | -0.2pp | +0.2pp | -0.3pp | -0.1pp | -0.3pp | -0.2pp |
Range$1.90M – $12.00M
CAGR-27.1%
Avg YoY Growth-18.6%
Median YoY Growth-26.8%
Current Streak4 quarters decline
Work in process at Other Companies
Frequently Asked Questions
- What is Fortinet's work in process?
- Fortinet (FTNT) reported work in process of $1.90M in Q1 2026.
- How has Fortinet's work in process changed year-over-year?
- Fortinet's work in process decreased by 64.2% year-over-year, from $5.30M to $1.90M.
- What does work in process mean?
- The value of goods currently in the middle of the manufacturing process.