Fortinet sees Q3 revenue between $2.01 bln and $2.1 bln.
Company expects Q3 diluted non-GAAP EPS of $0.83 to $0.87.
Fortinet raises 2026 revenue guidance to 19% year-over-year growth.
Product revenue growth - Product revenue rose 52% yr/yr, driven by demand for integrated firewall and SASE solutions.
Innovation and AI integration - Co said results reflect differentiated value of innovation in the AI Era, citing new product launches and AI-driven security.
Strategic partnerships - Recent collaborations with Intel, Anthropic, OpenAI and NVIDIA supported product development and AI safety initiatives.
Key details and analyst coverage
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$2.05 bln
$1.89 bln (37 Analysts)
Q2 Adjusted EPS
Beat
$0.90
$0.75 (38 Analysts)
Q2 EPS
$0.82
Q2 Adjusted Operating Margin
38.00%
Q2 Billings
$2.37 bln
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 12 "strong buy" or "buy", 29 "hold" and 5 "sell" or "strong sell".
The average consensus recommendation for the software peer group is "buy."
FTNT•
