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Q2 2026 earnings • released • EPS beat +20.53% • Revenue beat +8.42%
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FTNT:NASDAQ
Fortinet Inc
$163.90
+1.20%
(+1.95) 1D
Aug 3, 11:05:28 AM GMT-4  ·   USD
All symbols
SymbolPriceChange% Change
Generating top insights for FTNT...
Open
$163.30
High
$164.39
Low
$159.32
Mkt. cap
119.54B
Avg. vol.
6.08M
Volume
1.49M
P/E ratio
57.75
52-wk high
$170.35
52-wk low
$70.12
EPS
$2.84
Beta
1.09
Shares outstanding
733.71M
No. of employees
15K
Open
$163.30
High
$164.39
Low
$159.32
Mkt. cap
119.54B
Avg. vol.
6.08M
Volume
1.49M
P/E ratio
57.75
52-wk high
$170.35
52-wk low
$70.12
EPS
$2.84
Beta
1.09
Shares outstanding
733.71M
No. of employees
15K
News stories
From sources across the web
Profile
Fortinet, Inc. is an American cybersecurity company headquartered in Sunnyvale, California. It develops and sells security products including firewalls, endpoint security and intrusion detection systems. Fortinet has offices in the US, Canada, and UK. Founded in 2000 by brothers Ken Xie and Michael Xie, the company's first and main product was FortiGate, a physical firewall. The company later added wireless access points, sandbox and messaging security. The company went public in November 2009. Wikipedia
About Fortinet Inc
CEOKen Xie
Employees15.5K
Founded2000
HeadquartersSunnyvale, California, United States
SectorSoftware
Websitefortinet.com
Analyst ratings
Based on 34 analysts giving stock ratings to FTNT in the past 3 months
Hold
Buy
6
Hold
24
Sell
4
12-month forecast
Based on 34 Wall Street analysts offering 12 month price targets for FTNT in the last 3 months.
Highest
Current $163.90
$220.00 (+34.23%)
Average
$163.00 (-0.55%)
Lowest
$92.00 (-43.87%)
Analyst
Recommendation
Action
Price target
Projected
Date
Shyam Patil
Susquehanna
Hold
Maintained
$160.00
-2.4%
07/31/2026
Jonathan Ho
William Blair
Hold
Maintained
-
-
07/30/2026
Joseph Gallo
Jefferies
Hold
Maintained
$190.00
+15.9%
07/30/2026
Brian Essex
J.P. Morgan
Sell
Reiterated
$118.00
-28%
07/30/2026
Peter Levine
Evercore ISI
Hold
Maintained
$165.00
+0.7%
07/30/2026
Ittai Kidron
Oppenheimer
Hold
Maintained
-
-
07/30/2026
Brad Zelnick
Deutsche Bank
Hold
Maintained
$160.00
-2.4%
07/30/2026
Jonathan Ruykhaver
Cantor Fitzgerald
Hold
Reiterated
$185.00
+12.9%
07/29/2026
Keith Bachman
BMO Capital
Hold
Maintained
$185.00
+12.9%
07/30/2026
Junaid Siddiqui
Truist Financial
Buy
Reiterated
$183.00
+11.7%
07/30/2026
Roger Boyd
UBS
Hold
Maintained
$180.00
+9.8%
07/30/2026
Patrick Colville
Scotiabank
Hold
Reiterated
$163.00
-0.5%
07/30/2026
Tal Liani
Bank of America Securities
Buy
Reiterated
$220.00
+34.2%
07/30/2026
Adam Borg
Stifel Nicolaus
Hold
Reiterated
$175.00
+6.8%
07/30/2026
Catharine Trebnick
Rosenblatt Securities
Buy
Reiterated
$195.00
+19%
07/30/2026
Gabriela Borges
Goldman Sachs
Buy
Reiterated
$190.00
+15.9%
07/30/2026
Mike Cikos
Needham
Hold
Maintained
-
-
07/30/2026
Dan Bergstrom
RBC Capital
Hold
Maintained
$185.00
+12.9%
07/30/2026
Fatima Boolani
Citi
Hold
Maintained
$185.00
+12.9%
07/30/2026
Unknown Analyst
Guggenheim
Hold
Maintained
-
-
07/29/2026
Rob Owens
Piper Sandler
Hold
Maintained
$175.00
+6.8%
07/30/2026
Meta Marshall
Morgan Stanley
Hold
Maintained
$136.00
-17%
07/30/2026
Richard Poland
Wells Fargo
Sell
Maintained
$135.00
-17.6%
07/30/2026
Shaul Eyal
TD Cowen
Buy
Reiterated
$215.00
+31.2%
07/30/2026
Gray Powell
BTIG
Buy
Reiterated
$203.00
+23.9%
07/30/2026
Saket Kalia
Barclays
Hold
Maintained
$190.00
+15.9%
07/30/2026
Shrenik Kothari
Robert W. Baird
Hold
Maintained
$165.00
+0.7%
07/29/2026
Imtiaz Koujalgi
Roth MKM
Hold
Maintained
$110.00
-32.9%
07/28/2026
Gregg Moskowitz
Mizuho Securities
Sell
Maintained
$125.00
-23.7%
07/15/2026
Stephen Bersey
HSBC
Sell
Downgraded
$102.00
-37.8%
06/29/2026
Peter Weed
Bernstein
Hold
Maintained
$92.00
-43.9%
06/29/2026
Markus Leistner
DZ BANK AG
Hold
Downgraded
$125.00
-23.7%
05/19/2026
Unknown Analyst
Susquehanna
Hold
Reiterated
$115.00
-29.8%
05/08/2026
Todd Weller CFA
Stephens
Hold
Maintained
$115.00
-29.8%
05/07/2026
Eric Heath
KeyBanc
Hold
Maintained
-
-
05/07/2026
Ellie Bagshaw
Arete Research
Buy
Upgraded
$104.00
-36.5%
04/27/2026
Daniel Ives
Wedbush
Buy
Maintained
$90.00
-45.1%
02/06/2026
Madeline Brooks
Bank of America Securities
Buy
Maintained
$120.00
-26.8%
02/05/2026
Last report
Jul 29, 2026
Fiscal period
Q2 2026
EPS / Est. (USD)
$0.90 / $0.75
+20.53%beat
Revenue / Est. (USD)
2.05B / 1.89B
+8.42%beat
Fiscal Q2 2026 earnings call
Waiting for the earnings call
At a glance
Insights from the latest news and reports
Previous reportsAll values in USD
Loading Previous Earnings...
Income statement
Revenue
Net income
All values in USD
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Revenue
1.72B
1.90B
1.85B
2.05B
Cost of goods sold
331.70M
389.20M
364.50M
404.70M
Cost of revenue
331.70M
389.20M
364.50M
404.70M
Research and development expenses
202.40M
205.00M
214.00M
225.00M
Total research and development expenses
-
-
-
-
Selling, general, and admin expenses
644.90M
686.60M
692.50M
730.20M
Operating expense
847.30M
891.60M
906.50M
955.20M
Total operating expenses
1.18B
1.28B
1.27B
1.36B
Operating income
545.90M
624.20M
578.60M
688.00M
Other non operating income
-1.10M
2.10M
800.00K
900.00K
EBT including unusual items
594.60M
650.80M
656.50M
721.30M
EBT excluding unusual items
579.10M
649.30M
608.00M
720.00M
Income tax expense
120.70M
144.80M
122.00M
115.00M
Effective tax rate
20.30%
22.25%
18.58%
15.94%
Other operating expenses
-
-
-
-
Net income
473.90M
506.00M
534.50M
606.30M
Net profit margin
27.47%
26.56%
28.90%
29.61%
Earnings per share
0.74
0.81
0.82
0.90
Interest and investment income
40.70M
32.30M
32.90M
33.20M
Interest expense
-6.20M
-4.40M
-4.20M
-3.20M
Net interest expenses
34.50M
27.90M
28.70M
30.00M
Depreciation and amortization charges
-
-
-
-
EBITDA
584.30M
663.70M
618.40M
729.40M
Gain or loss from assets sale
-
-
-
-
Insider transactions
Insider transactions data is drawn from third-party sources. Learn more
Insider
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Date
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