Fortinet reported financial results for the second quarter of 2026, with revenue reaching $2.05 billion, a 26% increase year-over-year. Product revenue rose 52% to $773 million, the company said.
Fortinet's Q2 2026 billings, up 33% year-over-year.
GAAP operating margin for the quarter was 34%, while non-GAAP operating margin stood at 38%. GAAP earnings per share were $0.82, up 44%, and non-GAAP EPS reached $0.90, up 41%.
Fortinet generated $1.04 billion in operating cash flow and $966 million in free cash flow during Q2 2026.
In the quarter, Fortinet launched FortiSOC, a cloud-native AI security operations platform, enhanced FortiEndpoint, and introduced the FortiGate 1200G with FortiSASE Outpost. The company also strengthened strategic partnerships with OpenAI, Anthropic, NVIDIA, and Intel.
Customers increasingly value Fortinet's integrated 'SASE Firewall' architecture.
For the third quarter of 2026, Fortinet guided revenue between $2.01 billion and $2.10 billion, billings between $2.25 billion and $2.35 billion, and non-GAAP EPS between $0.83 and $0.87. Full-year 2026 revenue guidance is set between $8.02 billion and $8.18 billion, with billings between $9.35 billion and $9.55 billion.
Fortinet's proprietary FortiASIC hardware differentiates it from software-only competitors, and the company offers sovereign deployment options. According to the company, Fortinet topped Q2 2026 forecasts, and shares jumped after the earnings release.