Fortinet (FTNT) Tops Q3 EPS by 5c, Offers Guidance

Fortinet (NASDAQ: FTNT) reported Q3 EPS of $0.91, $0.05 better than the analyst estimate of $0.86. Revenue for the quarter came in at $2.08 billion versus the consensus estimate of $2.06 billion.

GUIDANCE:

Fortinet sees Q4 2026 EPS of $0.93-$0.95, versus the consensus of $0.88. Fortinet sees Q4 2026 revenue of $2.16-2.25 billion, versus the consensus of $2.17 billion.

More:

For the fourth quarter of 2026, Fortinet currently expects:

Revenue in the range of $2.155 billion to $2.245 billion
Billings in the range of $2.775 billion to $2.925 billion
Non-GAAP gross margin in the range of 78.0% to 80.0%
Non-GAAP operating margin in the range of 35.5% to 37.5%
Diluted non-GAAP net income per share in the range of $0.93 to $0.95, assuming a non-GAAP effective tax rate of 18%. This assumes a diluted share count of 741 million to 745 million.

For the fiscal year 2026, Fortinet currently expects:

Revenue in the range of $8.125 billion to $8.215 billion
Service revenue in the range of $5.150 billion to $5.170 billion
Billings in the range of $9.568 billion to $9.718 billion
Non-GAAP gross margin in the range of 79.7% to 80.3%
Non-GAAP operating margin in the range of 36.5% to 37.5%
Diluted non-GAAP net income per share in the range of $3.54 to $3.58, assuming a non-GAAP effective tax rate of 18%. This assumes a diluted share count of 741 million to 743 million.

For earnings history and earnings-related data on Fortinet (FTNT) click here.

You May Also Be Interested In

• Plexus Corp (PLXS) Tops Q4 EPS by 29c; offers guidance
• West Fraser Timber Co. Ltd. (WFG) Reports Q3 results
• Eldorado Gold (EGO) Misses Q3 EPS by 11c