---
schema_version: "secwatch.filing_event.v1"
accession: "0001262039-26-000010"
form_type: "8-K"
ticker: "FTNT"
cik: "0001262039"
company_name: "Fortinet, Inc."
filed_at: "2026-05-06T23:59:59+00:00"
generated_at: "2026-05-14T22:33:05.092138+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001262039-26-000010
- form_type: 8-K
- ticker: FTNT
- cik: 0001262039
- company_name: Fortinet, Inc.
- filed_at: 2026-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1262039/000126203926000010/0001262039-26-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1262039/000126203926000010/ftnt-20260506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001262039-26-000010
- JSON: https://secwatch.observer/filing/0001262039-26-000010.json
- Plain text: https://secwatch.observer/filing/0001262039-26-000010.txt

## Source-grounded claims
- claim_id: e23fb2052170d136f015d068f9eeacaa1b4d2602
  claim: Fortinet, Inc. reported first quarter ended March 31, 2026 results: revenue $1.85 billion, EPS $0.72. Guidance raised.
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1262039/000126203926000010/0001262039-26-000010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.