Fortinet stock: Q3 growth lifts 2026 outlook
Published on 11/14/2026 at 11:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSFortinet's Outlook And Capital Return
- Third-quarter revenue reached 2.08 billion US dollars, while billings grew faster than revenue.
- Fortinet lifted its full-year 2026 revenue and billings ranges after the quarter.
- The company expanded its share repurchase authorization and continues to invest in AI security services.
Fortinet raised its 2026 outlook after a strong third quarter, while faster billings growth highlighted continued demand for its cybersecurity platform. SecurityBrief reported the development on November 9, and an ITWeb release issued on November 10 provided the quarterly figures and updated guidance.
Revenue rose to 2.08 billion US dollars in the quarter ended September 30, 2026, up 20 percent from a year earlier. Product revenue increased 37 percent to 765 million US dollars, while billings climbed 29 percent to 2.34 billion US dollars. GAAP earnings were 0.86 US dollars per diluted share, compared with non-GAAP earnings of 0.91 US dollars.
Higher Targets, Stronger Capital Return
Fortinet now expects full-year revenue of 8.125 billion to 8.215 billion US dollars and billings of 9.568 billion to 9.718 billion US dollars. The company also projects 2026 service revenue of 5.150 billion to 5.170 billion US dollars and non-GAAP diluted earnings of 3.54 to 3.58 US dollars per share.
The fourth-quarter forecast calls for revenue of 2.155 billion to 2.245 billion US dollars, billings of 2.775 billion to 2.925 billion US dollars and non-GAAP diluted earnings of 0.93 to 0.95 US dollars per share. The outlook also includes a non-GAAP operating margin range of 36.5 percent to 37.5 percent for the full year.
Fortinet increased its share repurchase authorization by 1.2 billion US dollars, leaving 2 billion US dollars available under the program. Operating cash flow reached 946 million US dollars and free cash flow totaled 865 million US dollars in the quarter.
Service Growth Remains A Key Test
The figures point to strong product demand, but service revenue growth remains important because billings are recognized over time. Fortinet's new AI security offerings and enterprise deployments are intended to support that transition as customers expand network and cloud security spending.
Fortinet stock traded at 115.68 euros on Lang & Schwarz at 11:15 CET on Saturday, November 14.
Fortinet Company Facts
- Company: Fortinet Inc.
- ISIN: US34959E1091
- Home exchange: Nasdaq
- Ticker: FTNT
- Latest quote: 115.68 euros on Saturday, November 14, 2026, at 11:15 CET on Lang & Schwarz
US technology shares remain part of the broader market backdrop for Fortinet. See current market reports.
Management is scheduled to attend the UBS Global Technology and AI Conference on December 2 and the Barclays Global Technology Conference on December 9. Find more news and analyses on Fortinet stock.
