Fortinet's results for Q3 2026 (ended Sep 30, 2026) come from the company's own earnings release, filed with the SEC on 2026-10-28. Everything below is taken from that filing; quotes are copied exactly. Company outlooks are the company's own.
At a glance
| Item | Value |
|---|---|
| Revenue (GAAP) | $2,078 million (+20.5% vs a year earlier) |
| Diluted EPS (GAAP) | $0.86 |
| Adjusted per-share figure (company's non-GAAP measure; FFO/AFFO for REITs) | $0.91 |
| Full-year guidance | Raised |
Guidance
Raised 2026 revenue guidance to $8.125–8.215B (about 20% growth) and billings to $9.568–9.718B; Q4 revenue $2.155–2.245B.
Why this label: Subheadline 'Raises 2026 revenue guidance to 20% year over year growth'; billings guide also raised; EPS has no prior or direction.
| Metric | Period | New | Prior (as stated in the release) |
|---|---|---|---|
| revenue | FY2026 | $8.125–$8.215 billion | not stated |
| billings | FY2026 | $9.568–$9.718 billion | not stated |
| service revenue | FY2026 | $5.150–$5.170 billion | not stated |
| non-GAAP gross margin | FY2026 | 79.7%–80.3% | not stated |
| non-GAAP operating margin | FY2026 | 36.5%–37.5% | not stated |
| non-GAAP diluted EPS | FY2026 | $3.54–$3.58 | not stated |
Next-quarter outlook:
| Metric | Period | Range |
|---|---|---|
| revenue | Q4 2026 | $2.155–$2.245 billion |
| billings | Q4 2026 | $2.775–$2.925 billion |
| non-GAAP gross margin | Q4 2026 | 78.0%–80.0% |
| non-GAAP operating margin | Q4 2026 | 35.5%–37.5% |
| non-GAAP diluted EPS | Q4 2026 | $0.93–$0.95 |
From the release
Revenue: "Revenue grew 20% year over year to $2.08 billion"
Earnings per share: "GAAP earnings per share of $0.86 • Non-GAAP earnings per share of $0.91"
revenue: "For the fiscal year 2026, Fortinet currently expects: • Revenue in the range of $8.125 billion to $8.215 billion"
billings: "Billings in the range of $9.568 billion to $9.718 billion"
service revenue: "Service revenue in the range of $5.150 billion to $5.170 billion"
Key fact: Q3 revenue up 20% to $2.08B; product revenue up 37%; 2026 revenue guidance raised.
Source
Fortinet earnings release (SEC filing), accession 0001262039-26-000024, filed 2026-10-28.
Part of the Q3 2026 Guidance Tracker. Educational only, not advice. Free weekly recap every Sunday: yieldterminalpro.com/newsletter.