FTNT financials
Fortinet, Inc. · end-of-day data as of Oct 16, 2026
Fortinet, Inc.
$169.13+11.0%
Hold · 45 analystsPT $158.33 -6.4%
FTNT reported revenue of $2.05B for the quarter ended Jun 30, 2026 (Q2 FY2026), up 25.6% from a year earlier. It posted diluted EPS of $0.82, free cash flow of $966M and a net margin of 29.6%.
Valuation
- P/E59.6x
- P/E vs own+55.8%
- P/E vs sector+78.3%
- FCF yield+2.5%
- Market cap$124B
Quarterly results
Q2 FY2026: Revenue +25.6% year over year, free cash flow 47.2% of revenue, operating margin 33.7%.
RevenueFree cash flow
| Q2 FY2026 | Jun 30, 2026 | $2.05B | 0.82 | $966M | 80.2% | 33.7% | 29.6% |
| Q1 FY2026 | Mar 31, 2026 | $1.85B | 0.72 | $1.01B | 80.3% | 31.4% | 28.9% |
| Q4 FY2025 | Dec 31, 2025 | $1.91B | 0.68 | $577M | 79.6% | 32.8% | 26.6% |
| Q3 FY2025 | Sep 30, 2025 | $1.72B | 0.62 | $568M | 81.5% | 31.6% | 27.5% |
| Q2 FY2025 | Jun 30, 2025 | $1.63B | 0.57 | $284M | 81.5% | 28.0% | 27.0% |
| Q1 FY2025 | Mar 31, 2025 | $1.54B | 0.56 | $797M | 81.0% | 29.5% | 28.1% |
| Q4 FY2024 | Dec 31, 2024 | $1.66B | 0.68 | $380M | 81.1% | 34.6% | 31.7% |
| Q3 FY2024 | Sep 30, 2024 | $1.51B | 0.70 | $572M | 82.5% | 31.2% | 35.8% |
| Q2 FY2024 | Jun 30, 2024 | $1.43B | 0.49 | $319M | 80.8% | 30.5% | 26.5% |
| Q1 FY2024 | Mar 31, 2024 | $1.35B | 0.39 | $609M | 77.5% | 23.7% | 22.1% |
| Q4 FY2023 | Dec 31, 2023 | $1.42B | 0.40 | $165M | 77.7% | 27.2% | 22.0% |
| Q3 FY2023 | Sep 30, 2023 | $1.33B | 0.41 | $481M | 76.2% | 22.7% | 24.2% |