Fortinet

FTNT · NASDAQ

$170.93−$0.57 (−0.33%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $171.50

Key indicators

FTNT profitability and balance sheet ratios

EPS $0.8194 in Q2 FY26, up 43.9% on a year earlier.

EPS by quarter
Period	EPS
Q3 FY24	$0.6994
Q4 FY24	$0.6788
Q1 FY25	$0.5579
Q2 FY25	$0.5696
Q3 FY25	$0.6226
Q4 FY25	$0.6767
Q1 FY26	$0.7196
Q2 FY26	$0.8194

Where the money went

Q2 FY26, from revenue to net income

Fortinet brought in $2.0B of revenue in Q2 FY26, +25.6% on a year earlier. 30¢ of every dollar became profit.

Revenue: $2.0B
Costs, expenses and taxes: $1.4B
Net income: $0.6B
Net margin: 29.6%

Income statement

Revenue and profit by reporting period

Revenue

Net income

FTNT income statement, quarterly
Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
Revenue	$1.6B	$1.7B	$1.9B	$1.8B	$2.0B
Gross profit	$1.3B	$1.4B	$1.5B	$1.5B	$1.6B
Operating income	$0.5B	$0.5B	$0.6B	$0.6B	$0.7B
Net income	$0.4B	$0.5B	$0.5B	$0.5B	$0.6B
Diluted EPS	$0.57	$0.62	$0.68	$0.72	$0.82

Balance sheet

What the company owns and owes at period end

Total assets

Total liabilities

FTNT balance sheet, quarterly
Line item	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Total assets	$10.6B	$9.4B	$10.4B	$9.9B	$10.9B
Total liabilities	$8.6B	$8.6B	$9.2B	$8.9B	$9.3B
Shareholder equity	$2.1B	$0.7B	$1.2B	$1.0B	$1.6B
Cash and short-term investments	$4.6B	$3.1B	$3.6B	$3.3B	$4.1B
Total debt	$1.0B	$1.0B	$1.0B	$0.5B	$0.5B

Cash flow

Cash in and out from operations, investing and financing

Operating

Investing

Financing

FTNT cash flow, quarterly
Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
Operating cash flow	$0.5B	$0.7B	$0.6B	$1.1B	$1.0B
Investing cash flow	−$0.3B	−$0.2B	−$0.0B	−$0.0B	−$0.2B
Financing cash flow	−$0.4B	−$1.9B	−$0.1B	−$1.3B	−$0.1B
Capital expenditure	−$0.2B	−$0.1B	−$0.0B	−$0.1B	−$0.1B
Free cash flow	$0.3B	$0.6B	$0.6B	$1.0B	$1.0B

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