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Fortinet FTNT Q2 2026 earnings

Reported July 29, 2026 · After market close

Revenue$2.0BBeat by $159.4M
Adjusted EPS$0.90Beat by $0.15
Revenue estimate$1.9B
EPS estimate$0.75
“Our results reflect that customers value Fortinet's unique 'SASE Firewall', with leading firewall, SD-WAN and SASE functionality integrated together on our single FortiOS operating system and powered by our purpose-built FortiASIC, offering customers flexible deployment in a sovereign form factor, on-prem and in the cloud.”
Ken Xie

Earnings data and commentary were extracted with AI from company filings and may contain errors. Verify important details in the filing.

Next report

Oct 28, 2026 (In 3 weeks)
Revenue estimate$2.1B
EPS estimate$0.86

Financials

Q2 2026

Income statement

See full
Revenue$2.0B+25.6%
Gross profit$1.6B+24.9%
Operating income$689.3M+50.5%
Net income$606.3M+37.8%
EPS (diluted)$0.82+43.9%

Balance sheet

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Cash & equivalents$2.9B-12.9%
Total debt$496.9M-54.4%
Total equity$1.6B-24.7%
Total assets$10.9B+2.0%

Cash flow

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Operating cash flow$1.0B+131%
CapEx$78.0M-53.5%
Free cash flow$965.6M+240%

Valuation & ratios

Valuation

as of 10/02/26
See full
Market cap$131.13B+98.3%
Enterprise value$128.69B+97.3%
P/E61.8×+26.5×
P/S17.4×+7.3×

Profitability

See full
Gross margin80.2%-1.1pp
Operating margin32.4%+1.6pp
Net margin28.2%-2.4pp
FCF margin41.4%+9.3pp

Returns & leverage

See full
Return on equity117.4%-47.7pp
Debt / equity0.3×-0.2×
Current ratio1.3×0.0×

FAQ

When did Fortinet report Q2 2026 earnings?
Fortinet (FTNT) reported Q2 2026 earnings on July 29, 2026 after market close.
What were Fortinet's Q2 2026 revenue and EPS?
Fortinet reported revenue of $2.0B and adjusted eps of $0.90 for Q2 2026.
Did Fortinet beat estimates in Q2 2026?
Revenue beat the consensus estimate of $1.9B by $159.4M. EPS beat the consensus estimate of $0.75 by $0.15.
How did Fortinet's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 25.6% from $1.6B a year earlier.
Where can I find Fortinet's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001262039-26-000018) and the 10-Q periodic report (0001262039-26-000021) directly on SEC EDGAR. The filing index links above go to sec.gov.