FortinetFTNTEarnings & Financial Report
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.
FTNT Q1 FY2026 Key Financial Metrics
Revenue
$1.8B
Gross Profit
$1.5B
Operating Profit
$580.0M
Net Profit
$534.5M
Gross Margin
80.3%
Operating Margin
31.4%
Net Margin
28.9%
YoY Growth
20.1%
EPS
$0.72
Fortinet Q1 FY2026 Financial Summary
Fortinet reported revenue of $1.8B (up 20.1% YoY) for Q1 FY2026, with a net profit of $534.5M (28.9% margin). Cost of goods sold was $364.5M, operating expenses totaled $905.1M.
Key Financial Metrics
| Total Revenue | $1.8B |
|---|---|
| Net Profit | $534.5M |
| Gross Margin | 80.3% |
| Operating Margin | 31.4% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Fortinet Q1 FY2026 revenue of $1.8B breaks down across 2 segments, led by Service at $1.2B (65.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Service | $1.2B | 65.1% |
| Product | $645.1M | 34.9% |
Fortinet Annual Revenue by Year
Fortinet annual revenue history includes year-by-year totals (for example, 2025 revenue was $6.8B).
Fortinet Quarterly Revenue & Net Profit History
Fortinet results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $1.8B | +20.1% | $534.5M | 28.9% |
| Q4 FY2025 | $1.9B | +14.8% | $506.0M | 26.6% |
| Q3 FY2025 | $1.7B | +14.4% | $473.9M | 27.5% |
| Q2 FY2025 | $1.6B | +13.6% | $440.1M | 27.0% |
| Q1 FY2025 | $1.5B | +13.8% | $433.4M | 28.1% |
| Q4 FY2024 | $1.7B | +17.3% | $526.2M | 31.7% |
| Q3 FY2024 | $1.5B | +13.0% | $539.9M | 35.8% |
| Q2 FY2024 | $1.4B | +10.9% | $379.8M | 26.5% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.43B | $1.51B | $1.66B | $1.54B | $1.63B | $1.72B | $1.91B | $1.85B |
| YoY Growth | 10.9% | 13.0% | 17.3% | 13.8% | 13.6% | 14.4% | 14.8% | 20.1% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $8.05B | $8.85B | $9.76B | $10.41B | $10.64B | $9.36B | $10.39B | $9.88B |
| Liabilities | $7.76B | $7.94B | $8.27B | $8.44B | $8.58B | $8.63B | $9.15B | $8.89B |
| Equity | $288.2M | $908.1M | $1.49B | $1.96B | $2.06B | $735.1M | $1.24B | $989.7M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $342.0M | $608.1M | $477.6M | $863.3M | $451.9M | $655.2M | $620.2M | $1.08B |