Fortinet, Inc. Dossier
Outlook & Key Dates
Estimates, guidance, catalysts, and upcoming events
Analyst Estimates Learn more →
5-Yr Fwd EPS Growth
15.6%projected annual EPS growth
Analyst Coverage
37analysts covering
FY Revenue (est.)
$8.1Bnext fiscal year
FY EPS (est.)
$3.45next fiscal year
Reporting Calendar
| Event | Expected Date |
|---|---|
| Next Earnings Release | 4 Nov 2026 |
Monitoring Framework
Key Performance Indicators
Quarterly revenue growth, year over year (%) Quarterly26.0%Target: FY2026 revenue guidance: $8.020-$8.180 billion, representing approximately 19% year-over-year growth at the stated outlook
Quarterly billings growth, year over year (%) Quarterly33.0%Target: FY2026 billings guidance: $9.350-$9.550 billion
Quarterly product revenue growth, year over year (%) Quarterly52.0%
Non-GAAP operating margin (%) Quarterly38.0%Target: FY2026 guidance: 35%-37%
Quarterly free cash flow (USD millions) Quarterly966.0
Watch Items
- Full-year revenue performance relative to management guidanceAction: Reassess demand durability and the base-case thesis if reported or revised expected revenue falls below the guidance floor.
- Third-quarter billings relative to management guidanceAction: Review pipeline conversion, large-deal timing, channel inventory, and renewal activity if billings fall below the guidance floor.
- Full-year non-GAAP operating margin relative to management guidanceAction: Reassess operating leverage and earnings quality if the margin outlook or reported result falls below the guidance floor.
Research as of 29 Aug 2026