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Fortinet FTNT Business Segments — Total Revenue

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Other financials

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

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Market cap$109.85B+43.7%
Enterprise value$108.19B+46.4%
P/E56.2×+15.5×
P/S15.5×+3.0×

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×

Where this comes from

Reported directly by Fortinet in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Fortinet’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Fortinet's business segments — total revenue?
Fortinet (FTNT) reported business segments — total revenue of $1.85B in Q1 2026.
How has Fortinet's business segments — total revenue changed year-over-year?
Fortinet's business segments — total revenue increased by 20.1% year-over-year, from $1.54B to $1.85B.
What is the long-term trend for Fortinet's business segments — total revenue?
Over 3 years (2022 to 2025), Fortinet's business segments — total revenue has grown at a 15.5% compound annual growth rate (CAGR), from $4.42B to $6.8B.
What does business segments — total revenue mean?
This metric represents the total gross income generated by a specific business segment or product line before the deduction of any operating expenses. It serves as the primary indicator of the segment's market demand and its contribution to the overall corporate top-line performance.