Fortinet Q1 Beats, Shares Jump 12%

Fortinet shares rose 12.33% in pre‑market trading after Q1 results beat estimates, with revenue up 20% YoY to $1.85 bn.
Adjusted EPS was $0.82 versus consensus $0.62; product revenue surged 41% YoY to $645 m and billings rose 31% YoY to $2.09 bn.
FY2026 revenue guidance lifted to $7.71‑$7.87 bn (15% YoY) and adjusted EPS to $3.10‑$3.16, both above analyst expectations.
Record operating cash flow $1.08 bn, free cash flow $1.01 bn; GAAP margin 31%, adjusted margin 36%; CEO Ken Xie highlighted strong demand.