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Fortinet Reports Strong Third Quarter Financial Results

The cybersecurity firm achieved $2.08 billion in revenue for the quarter ending September 30, 2026.

Updated on Oct. 28, 2026 in Corporate Finance

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Fortinet announced third-quarter 2026 revenue of $2.08 billion, a 20% year-over-year increase, alongside an expanded $1.2 billion share repurchase program. AI Illustration. Upload story photo >

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Fortinet reported its third quarter 2026 financial results on October 28, 2026, marking a 20% year-over-year revenue increase to $2.08 billion. The company also announced a $1.2 billion increase to its share repurchase authorization.

Why it matters

These results demonstrate significant demand across the company's product portfolio. The firm also continues to leverage its proprietary FortiASIC technology and FortiOS operating system to maintain platform performance.

Fortinet reported GAAP operating margins of 34% and non-GAAP operating margins of 38% for the period. The company also generated $946 million in operating cash flow and $865 million in free cash flow.

The players

Fortinet

Headquartered in Sunnyvale, California, this corporation specializes in high-performance cybersecurity solutions including firewalls and endpoint protection.

The details

Product revenue saw a notable 37% year-over-year growth to $765 million. Financial guidance for the firm is currently calculated using a non-GAAP effective tax rate of 18%.

Timeline

  1. September 30, 2026: The fiscal third quarter ended.

  2. October 28, 2026: The company released its third quarter financial results.

  3. November 12, 2026: Fortinet will participate in the BMO Technology and Innovation Leaders Conference.

  4. December 2, 2026: The firm is scheduled for the UBS Global Technology and AI Conference.

  5. December 9, 2026: The company will attend the Barclays Global Technology Conference.

Market Dynamics

This reporting follows the pattern set by the SEC's Regulation S-K requirements for financial disclosures, which ensures investors receive standardized and comparable quarterly performance data.

The company's decision to increase its share repurchase authorization by $1.2 billion provides a total remaining balance of $2 billion for buybacks. This move may influence capital allocation strategies for shareholders tracking the stock.

The takeaway

Fortinet continues to show strong momentum through double-digit growth in both revenue and billings. Investors and stakeholders should monitor upcoming industry conferences for further management commentary on market demand.

What happens next

Fortinet is scheduled to participate in the BMO Technology and Innovation Leaders Conference on November 12, 2026, the UBS Global Technology and AI Conference on December 2, 2026, and the Barclays Global Technology Conference on December 9, 2026.

Further reading

For more on industry performance, visit the Corporate Finance section.

More information

View full financial details on the Fortinet investor relations portal.

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Do you trust that major technology companies are currently driving sustainable economic growth?