Fortinet beats Q1 guidance, raises FY2026 revenue outlook to ~15% growth

Fortinet, Inc.

2026-Q1 EPS reported $0.72 revenue$1,849,600,000

Q1 revenue $1.85B (+20% YoY), GAAP EPS $0.72 (+29%), non-GAAP EPS $0.82 (+41%).
Product revenue surged 41% YoY to $645M; billings up 31% to $2.09B.
Record operating cash flow of $1.08B and free cash flow $1.01B.
FY2026 revenue guidance raised to $7.71-7.87B (15% YoY growth); Q2 revenue guided $1.83-1.93B.
Q2 non-GAAP EPS guided $0.72-0.76; FY2026 non-GAAP EPS guided $3.10-3.16.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Fortinet, Inc. reported first quarter ended March 31, 2026 results: revenue $1.85 billion, EPS $0.72. Guidance raised.

Period: first quarter ended March 31, 2026
Revenue: $1.85 billion
EPS: $0.72
Guidance: raised
Result: reported results

Exact text from the filing

Fortinet Reports Strong First Quarter 2026 Financial Results Exceeds high end of first quarter guidance on revenue and profitability Raises 2026 revenue guidance to 15% year over year growth Highlights • Revenue grew 20% year over year to $1.85 billion • Product revenue grew 41% year over year to $645 million • Billings grew 31% year over year to $2.09 billion 1 • GAAP operating margin of 31% • Non-GAAP operating margin of 36% 1 • GAAP earnings per share grew 29% year over year to $0.72 • Non-GAAP earnings per share grew 41% year over year to $0.82 1 • Record operating cash flow of $1.08 billion • Record free cash flow of $1.01 billion

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Source: SEC EDGAR

accession 0001262039-26-000010

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