Fortinet stock reports 26 percent Q2 revenue growth in 2026
Published on 09/25/2026 at 12:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Fortinet stock (ISIN US34959E1091) closed at USD 178.67 on Nasdaq on September 24, 2026, while the cybersecurity company enters the next quarter with revenue guidance of USD 8.02 billion to USD 8.18 billion for fiscal 2026. The latest operating figures show why the valuation debate has intensified.
Revenue growth sets the tone
In the second quarter of 2026, Fortinet generated USD 2.05 billion in revenue, a 26 percent increase from the same period a year earlier, according to Zacks in coverage published September 23, 2026. Billings rose 33 percent to USD 2.37 billion, while product revenue increased 52 percent to USD 773 million.
The mix matters for the outlook. Product demand provides a leading indicator for future subscription and support revenue, and Fortinet also reported a second-quarter non-GAAP operating margin of 38 percent. Full-year billings guidance stands at USD 9.35 billion to USD 9.55 billion, with non-GAAP EPS guidance of USD 3.41 to USD 3.47.
Guidance raises the valuation test
Fortinet's fiscal 2026 revenue outlook implies 19 percent growth at the midpoint, according to Zacks. That forecast is the central counterweight to the share price: Fortinet's USD 131,092,618,382 market capitalization and a 52-week range of USD 73.55 to USD 181.37 leave the stock near its yearly high.
Analyst caution is visible in the consensus. MarketBeat reported on September 24, 2026, that the average rating was Hold and the consensus price target was USD 152.79. That target is USD 25.88 below the September 24 closing price, making expectations for continued execution especially important.
Next results arrive November 4
Fortinet's next scheduled report is November 4, 2026, according to Earnings Today. The market will have a new test for the USD 2.01 billion to USD 2.10 billion third-quarter revenue guidance range and for the conversion of product demand into recurring services growth.
Stock stays near its yearly high
Fortinet's closing price was USD 178.67 on Nasdaq on September 24, 2026, down USD 0.07, or 0.04 percent, from the prior close. The session range was USD 176.78 to USD 181.36, with volume of 3,753,606 shares.
Fortinet stock at a glance
- Company: Fortinet, Inc.
- ISIN: US34959E1091
- Ticker: FTNT
- Trading venue: Nasdaq
- Closing price (September 24, 2026): USD 178.67
- Market capitalization: USD 131,092,618,382 (as of September 24, 2026)
- 52-week range: USD 73.55-181.37 (as of September 24, 2026)
- Sector / Industry: Technology / Software - Infrastructure
- Index membership: Nasdaq-100
- Next earnings date: November 4, 2026
