Fortinet — Third Quarter 2026 Earnings Summary

Fortinet reported third-quarter 2026 revenue of $2.08 billion, representing a 20% year-over-year increase, with product revenue growing 37% to $765 million. The company achieved a non-GAAP operating margin of 38% and non-GAAP earnings per share of $0.91, while generating $865 million in free cash flow. Fortinet raised its full-year 2026 revenue guidance to a range of $8.125 billion to $8.215 billion, reflecting strong demand across its portfolio and leadership in AI security. Additionally, the company increased its share repurchase authorization by $1.2 billion, leaving $2 billion remaining.