Fortinet stock: Q3 revenue rises 20% as 2026 outlook improves
Published on 10/29/2026 at 17:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSFortinet outlook and market context
- Third-quarter billings grew faster than revenue, while product revenue also expanded strongly.
- Fortinet increased its share repurchase authorization and reported substantial operating cash flow.
- Management expects continued growth in the fourth quarter and fiscal year 2026.
Fortinet reported its third-quarter 2026 results on October 28, 2026, and raised its full-year revenue outlook. The company said revenue for the quarter ended September 30 increased 20 percent year over year to USD 2.08 billion. The figures and outlook were published in the Fortinet press release.
Guidance moves higher after Q3
Billings rose 29 percent to USD 2.34 billion, while product revenue grew 37 percent to USD 765 million. Fortinet now expects fiscal-year 2026 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 expects a non-GAAP operating margin of 36.5 percent to 37.5 percent.
For the fourth quarter, management projects revenue of USD 2.155 billion to USD 2.245 billion and diluted non-GAAP earnings per share of USD 0.93 to USD 0.95. The guidance is forward-looking and actual results may differ.
Cash flow and capital returns
Fortinet reported USD 946 million in operating cash flow and USD 865 million in free cash flow for the quarter. The board increased the share repurchase authorization by USD 1.2 billion, leaving USD 2 billion available under the program.
What changed since the last report
The latest Lang & Schwarz quote was EUR 121.90 on October 29, 2026, at 16:30:25 Berlin time. This compares with EUR 115.74 at 11:47 a.m. in the previous report, a gain of 5.32 percent. This is a separate comparison from any Xetra daily performance; no dated Xetra closing reference was verified for this update.
See the real-time quote of Fortinet stock for the continuously updated market data.
Fortinet stock facts
- Company: Fortinet, Inc.
- ISIN: US34959E1091
- Ticker: FTNT
- Primary exchange: Nasdaq
- Lang & Schwarz quote: EUR 121.90 on October 29, 2026, at 16:30:25 Berlin time
- Comparison with prior report: EUR 115.74 on October 29, 2026, at 11:47 a.m.; +5.32 percent
Market conditions can be followed in the S&P 500 market context.
