Fortinet's second quarter revenue grew 26% to $2.05B, beating estimates, as billings surged 33%.

Fortinet reported second quarter revenue of $2.05 billion, up 26% year-over-year, with non-GAAP EPS of $0.90, a 41% increase from the prior year. The company exceeded the high end of its guidance and raised its full-year 2026 revenue outlook.

Key Highlights

• Billings, a key forward indicator, accelerated to 33% year-over-year growth, reaching $2.37 billion and significantly beating expectations.
• Product revenue showed substantial strength, growing 52% year-over-year to $773 million, indicating robust demand for the company's core firewall offerings.
• Fortinet raised its full-year 2026 revenue guidance to a range of $8.02 billion to $8.18 billion, implying approximately 19% growth at the midpoint.