Fortinet, Inc. (FTNT)

The company now

Fortinet reported third-quarter 2026 revenue of $2.08 billion on 28 October, up 20 percent from a year earlier 1. Product revenue, which covers hardware and software licences, rose 37 percent to $765 million 12. Billings, revenue plus the change in deferred revenue, rose 29 percent to $2.34 billion 12.

The 10-Q says product revenue rose on higher prices for higher performance products, recent pricing actions and more units shipped 2. Product gross margin, what is left of product sales after the cost of making them, fell to 64.4 percent from 67.7 percent, mainly on memory chip costs and inventory reserves 2.

Fortinet raised its 2026 revenue guidance to between $8.125 billion and $8.215 billion 15. It expects service revenue, the subscriptions and support side, of $5.150 billion to $5.170 billion for the year 1. Service revenue was $3,792.8 million in the first nine months, so that range implies about $1,357 million to $1,377 million in the fourth quarter (computed) 1.

The open question is a securities class action filed on 22 September 2025 2. It alleges false or misleading statements about the 2026 firewall refresh cycle, for purchasers of the stock between 8 November 2024 and 6 August 2025 2. The court has appointed a lead plaintiff and lead counsel 2.

As of Nov 3, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.