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Fortinet FTNT Q1 2026 earnings

Reported May 6, 2026 · After market close

Revenue estimate$1.7B
EPS estimate$0.62

Next report

Aug 5, 2026 (in a month)
Revenue estimate$1.9B
EPS estimate$0.74

Financials

Q1 2026

Income statement

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Revenue$1.8B+20.1%
Gross profit$1.5B+19.1%
Operating income$580.0M+27.8%
Net income$534.5M+23.3%
EPS (diluted)$0.72+28.6%

Balance sheet

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Cash & equivalents$2.2B-38.2%
Total debt$567.2M-47.3%
Total equity$989.7M-49.6%
Total assets$9.9B-5.0%

Cash flow

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Operating cash flow$1.1B+24.8%
CapEx$70.6M+6.2%
Free cash flow$1.0B+26.3%

Valuation & ratios

Valuation

as of 06/26/26
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Market cap$109.85B-18.3%
Enterprise value$108.19B-17.7%
P/E56.2×-15.4×
P/S15.5×-6.4×

Profitability

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Gross margin80.3%-1.0pp
Operating margin31.1%-0.4pp
Net margin27.5%-3.1pp
FCF margin34.3%+0.6pp

Returns & leverage

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Return on equity132.4%
Debt / equity0.6×0.0×
Current ratio1.2×-0.2×

Segments

By geography

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EMEA$784.8M+24.9%
APAC$325.0M+15.5%
Other Americas$213.3M+22.3%

By product

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Security subscription$694.0M+11.4%
Technical support and other$510.5M+11.6%

By segment

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Reportable Segment$1.8B+20.1%

Versus estimates

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Questions, answered.

When did Fortinet report Q1 2026 earnings?
Fortinet (FTNT) reported Q1 2026 earnings on May 6, 2026 after market close.
What were Fortinet's Q1 2026 revenue and EPS?
Fortinet reported revenue of $1.8B and diluted EPS of $0.82 for Q1 2026.
Did Fortinet beat estimates in Q1 2026?
Revenue beat the consensus estimate of $1.7B by $116.4M. EPS beat the consensus estimate of $0.62 by $0.20.
How did Fortinet's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 20.1% from $1.5B a year earlier and diluted EPS grew 41.4% from $0.58.
Where can I find Fortinet's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001262039-26-000010) and the 10-Q periodic report (0001262039-26-000013) directly on SEC EDGAR. The filing index links above go to sec.gov.