What is Fortinet's inventories?

Fortinet (FTNT) reported inventories of $369.6M in Q1 2026.

How has Fortinet's inventories changed year-over-year?

Fortinet's inventories increased by 1.9% year-over-year, from $362.7M to $369.6M.

What is the long-term trend for Fortinet's inventories?

Over 5 years (2020 to 2025), Fortinet's inventories has grown at a 23.4% compound annual growth rate (CAGR), from $139.8M to $399.5M.

What does inventories mean?

Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.

Fortinet FTNT Inventories

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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$106.44B-18.3%

Enterprise value$104.78B-17.7%

P/E54.5×-14.9×

P/S15×-6.2×

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:InventoryNet.

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 inventories?: Fortinet (FTNT) reported inventories of $369.6M in Q1 2026.
How has Fortinet's inventories changed year-over-year?: Fortinet's inventories increased by 1.9% year-over-year, from $362.7M to $369.6M.
What is the long-term trend for Fortinet's inventories?: Over 5 years (2020 to 2025), Fortinet's inventories has grown at a 23.4% compound annual growth rate (CAGR), from $139.8M to $399.5M.
What does inventories mean?: Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.