Fortinet, Inc.: EPS $0.91 vs $0.86 expected; revenue $2.08B vs $2.06B
Key Facts
Q3 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 0.91 | 0.86 | +5.8% | 0.74 |
| Revenue (USD bn) | 2.08 | 2.06 | +0.7% | 1.72 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Oct 28, 2026 | Q3 FY2026 | 0.91 | 0.860 | +5.8% | 2.08 | 2.06 | +0.7% |
| Jul 29, 2026 | Q2 FY2026 | 0.90 | 0.746 | +20.6% | 2.05 | 1.89 | +8.4% |
| May 6, 2026 | Q1 FY2026 | 0.82 | 0.619 | +32.5% | 1.85 | 1.73 | +6.7% |
| Feb 5, 2026 | Q4 FY2025 | 0.81 | 0.743 | +9.0% | 1.91 | 1.86 | +2.4% |
| Nov 5, 2025 | Q3 FY2025 | 0.74 | 0.631 | +17.3% | 1.72 | 1.70 | +1.2% |
| Aug 6, 2025 | Q2 FY2025 | 0.64 | 0.590 | +8.5% | 1.63 | 1.63 | +0.3% |
| May 7, 2025 | Q1 FY2025 | 0.58 | 0.531 | +9.2% | 1.54 | 1.54 | +0.1% |
| Feb 6, 2025 | Q4 FY2024 | 0.74 | 0.600 | +23.3% | 1.66 | 1.59 | +4.2% |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures.
Fortinet, Inc. results: EPS $0.91 vs $0.86 expected; revenue $2.08B vs $2.06B. The results cover the company's Q3 FY2026. EPS came in above analysts' estimate by 5.8%; revenue above the estimate by 0.7%.
Revenue was up 20.5% from $1.72 billion a year earlier (Q3 FY2025). EPS was up 23.0% from $0.74 a year earlier. On its record, EPS topped analysts' estimates in 7 of 7 earlier comparable reports.
What the results mean
Revenue growth reflects an expansion of Fortinet’s cybersecurity business, although the available data does not identify the sources of that growth. The business combines network protection and connectivity functions within a portfolio spanning appliances, software licenses, and centralized management tools.
Fortinet’s business drivers include customers’ needs to secure networks, applications, email, and endpoints. Its broad portfolio addresses interconnected security needs, while centralized analytics and management tools provide network visibility and control. This integration helps explain the company’s offering without establishing each product’s contribution to the results.
What to watch on the earnings call: Listen for management’s discussion of demand across appliances and software licenses, and the role of the product portfolio in expanding customer relationships. Demand for network, application, and endpoint protection also merits attention, alongside how business mix and spending affect margins.
For the full analysis of Fortinet, Inc. stock — valuation, scores and financial statements — see the stock page linked with this story.