Fortinet, Inc.
FTNTTech hardwarefortinet.com
Latest available resultsSeptember 30, 2026Quarter · 10-Q filed Oct 30, 2026
Next reportFebruary 3, 2027after close · forecast 0.954 $/share
Revenue
$2.08B
▲ +20.5% vs prior year YoY
Net income
$635.50M
▲ +34.1% vs prior year YoY
EPS
0.86$
▲ +38.7% vs prior year YoY
Net margin
30.6%
▲ +3.1 pp vs prior year YoY
Revenue▲ +20.5%
Margins (% of revenue)GrossOperatingNet
Net income▲ +34.1%
EPS▲ +38.7%
Financial statements
View 10-Q filed October 30, 2026 on SEC ↗| Metric | Dec 2024* | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025* | Mar 2026 | Jun 2026 | Sep 2026 | YoY |
|---|---|---|---|---|---|---|---|---|---|
| Operations | |||||||||
| Revenue | $1.66B | $1.54B | $1.63B | $1.72B | $1.91B | $1.85B | $2.05B | $2.08B | ▲ +20.5% |
| Gross profit | $1.35B | $1.25B | $1.32B | $1.39B | $1.52B | $1.49B | $1.64B | $1.64B | ▲ +17.8% |
| Operating income | $574.10M | $453.80M | $458.00M | $547.30M | $625.60M | $580.00M | $689.30M | $704.30M | ▲ +28.7% |
| Net income | $526.20M | $433.40M | $440.10M | $473.90M | $506.00M | $534.50M | $606.30M | $635.50M | ▲ +34.1% |
| R&D | $191.10M | $198.60M | $209.50M | $202.40M | $205.00M | $214.00M | $225.00M | $213.40M | ▲ +5.4% |
| EPS (diluted) | — | 0.56 $ | 0.57 $ | 0.62 $ | — | 0.72 $ | 0.82 $ | 0.86 $ | ▲ +38.7% |
| Margins (% of revenue) | |||||||||
| Gross | 81.1 % | 81.0 % | 80.7 % | 80.8 % | 79.6 % | 80.3 % | 80.2 % | 79.0 % | ▼ -1.8 pt |
| Operating | 34.6 % | 29.5 % | 28.1 % | 31.7 % | 32.8 % | 31.4 % | 33.7 % | 33.9 % | ▲ +2.2 pt |
| Net | 31.7 % | 28.1 % | 27.0 % | 27.5 % | 26.6 % | 28.9 % | 29.6 % | 30.6 % | ▲ +3.1 pt |
| Balance sheet | |||||||||
| Assets | $9.76B | $10.41B | $10.64B | $9.36B | $10.39B | $9.88B | $10.86B | $11.94B | ▲ +27.6% |
| Liabilities | $8.27B | $8.44B | $8.58B | $8.63B | $9.15B | $8.89B | $9.31B | $9.70B | ▲ +12.4% |
| Equity | $1.49B | $1.96B | $2.06B | $735.10M | $1.24B | $989.70M | $1.55B | $2.25B | ▲ +205.6% |
| Cash | $2.88B | $3.60B | $3.37B | $2.00B | $2.50B | $2.22B | $2.93B | $3.75B | ▲ +87.9% |
| Capital | |||||||||
| Shares outstanding | 768.97M | 765.42M | 766.27M | 743.65M | 739.92M | 732.65M | 733.71M | 734.71M | ▼ -1.2% |
| Public floatexcluding insiders | — | — | — | — | — | — | — | — | — |
* No 10-Q is filed for a fourth quarter: these amounts are the fiscal year minus the first three quarters, all filed. EPS stays blank — dilution doesn't subtract.