Fortinet raises 2026 guidance as Fortinet stock costs EUR 161.51

Published on 10/05/2026 at 10:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 26.00 percent to USD 2.05 billion in the second quarter. Fortinet stock costs EUR 161.51 on October 5, 2026 versus EUR 160.04.

Isometrische 3D-Illustration einer Cybersicherheits-Wertschöpfungskette von Firewall bis Security Operations — Fortinet Inc. isometrische Wert Schöpfungs Kette der Cyber Sicherheit von Firewall bis SOC US34959E1091, Illustration mit AI erstellt.

Fortinet Inc. (ISIN US34959E1091) was trading at EUR 161.51 at Lang & Schwarz on October 5, 2026 at 10:16 a.m. CEST, while the company raised its full-year 2026 outlook after a strong second quarter. According to Yahoo Finance on July 29, Fortinet lifted its full-year revenue guidance to USD 8.02 billion-USD 8.18 billion and its non-GAAP earnings per share guidance to USD 3.41-USD 3.47. The guidance update gives the stock a fundamental anchor beyond its recent market valuation.

Revenue acceleration supports guidance

Fortinet generated USD 2.05 billion of revenue in the second quarter of 2026, up 26.00 percent year over year. The same quarter produced USD 2.37 billion of billings, an increase of 33.00 percent, while product revenue climbed 52.00 percent to USD 773.00 million, according to Yahoo Finance.

Profitability added another layer to the result. Non-GAAP operating margin reached 38.00 percent in the second quarter, while GAAP operating margin was 33.70 percent and GAAP earnings per share rose 44.00 percent year over year to USD 0.82, as reported in the same earnings call.

Analyst target trails the market

Bernstein raised its Fortinet price target from USD 102.00 to USD 145.00 on September 17, 2026, while keeping a Market Perform rating, according to MarketScreener. That target is a useful counterweight to the operating momentum because it reflects a more cautious view of valuation than the company's growth figures.

Fortinet's cash generation was also substantial: free cash flow reached USD 966.00 million in the second quarter, more than triple the year-earlier figure. Management tied the expansion to demand for AI infrastructure security, Secure Networking and Unified SASE, with third-quarter revenue guidance set at USD 2.01 billion-USD 2.10 billion.

Next results arrive October 28

Fortinet said on October 2, 2026, that it will discuss third-quarter 2026 results on October 28, 2026, at 4:30 p.m. ET, according to the company's Fortinet release. That report will test whether the second-quarter acceleration in billings and product revenue carries into the next reporting period.

Fortinet stock stays below the prior close

At Lang & Schwarz, Fortinet stock was trading at EUR 161.51 on October 5, 2026 at 10:16 a.m. CEST, up 0.92 percent versus the prior close of EUR 160.04 on October 2, 2026. The primary Nasdaq listing had a market capitalization of USD 132.8 billion and a 52-week range of USD 73.55 to USD 183.09 as of October 2, 2026. The further course of trading is shown by the continuously updated real-time quote of Fortinet stock.