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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Fortinet (FTNT) is 10/10.
Fortinet delivered 20% revenue growth with EPS surging 29% as AI-driven security demand accelerated and OT security billings surged over 70%. Unified SASE billings grew 31% while total billings increased 31% to $2.09 billion, the strongest Q1 in company history. Management raised full-year FY2026 guidance across all top-line metrics including billings, revenue, and EPS, from $2.94-$3.00 to $3.10-$3.16.
Scored from Fortinet’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.66B | +17.3% | $0.68 | +70.0% | 81.1% | 34.6% | 31.7% | $380M |
| FY2025 Q1 | $1.54B | +13.8% | $0.56 | +43.6% | 81.0% | 29.5% | 28.1% | $797M |
| FY2025 Q2 | $1.63B | +13.6% | $0.57 | +16.3% | 81.5% | 28.0% | 27.0% | $284M |
| FY2025 Q3 | $1.72B | +14.4% | $0.62 | -11.4% | 81.5% | 31.6% | 27.5% | $568M |
| FY2025 Q4 | $1.91B | +14.8% | $0.68 | 0.0% | 79.6% | 32.8% | 26.6% | $577M |
| FY2026 Q1 | $1.85B | +20.1% | $0.72 | +28.6% | 80.3% | 31.4% | 28.9% | $1.01B |
| FY2026 Q2 | $2.05B | +25.6% | $0.82 | +43.9% | 80.2% | 33.7% | 29.6% | $966M |