Fortinet stock advances as higher 2026 outlook meets strong Q3

Published on 11/10/2026 at 16:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fortinet stock traded at 110.36 euros on Tuesday afternoon. The company is entering its next reporting phase with higher 2026 targets and strong billings growth.

Fortinet combines growth with higher guidance

Fortinet raised its 2026 revenue outlook after third-quarter revenue and billings accelerated.
Service revenue growth and recurring contracts remain key indicators for the next results update.
Management is scheduled to present at the BMO Technology and Innovation Leaders Conference on November 12.

Fortinet Inc., US34959E1091, Illustration mit AI erstellt.

Fortinet raised its 2026 outlook after reporting strong third-quarter results on October 28, 2026. The company said revenue and billings growth outpaced the prior-year period, strengthening the focus on service expansion and execution.

Fortinet stock traded at 110.36 euros on Lang & Schwarz at 4:11:30 p.m. CET on Tuesday, November 10, 2026.

Quarterly growth and guidance

In its October 28 earnings release, Fortinet reported third-quarter revenue of USD 2.0784 billion, up 20 percent year over year. Billings rose 29 percent to USD 2.3363 billion, while product revenue increased 37 percent to USD 765.0 million and service revenue reached USD 1.3134 billion.

For full-year 2026, management expects revenue of USD 8.125 billion to USD 8.215 billion and billings of USD 9.568 billion to USD 9.718 billion. The company also projects service revenue of USD 5.150 billion to USD 5.170 billion and non-GAAP diluted earnings per share of USD 3.54 to USD 3.58. These are adjusted measures and should be read alongside GAAP results.

Service growth remains the next test

Service revenue grew more slowly than product revenue in the third quarter, making recurring revenue and deferred contract activity important indicators for investors. Fortinet also increased its share repurchase authorization by USD 1.2 billion, leaving USD 2 billion available under the program.

The next scheduled management appearance is the BMO Technology and Innovation Leaders Conference on November 12, 2026. Investors will likely focus on demand, service growth and progress toward the raised billings targets.