2026

Q2

Q2 2026 Earnings

8-K BUY

Jul 29, 2026 · 94% conf.

SEC

View on SEC.gov

AI Prediction BUY

1D

+7.60%

$164.62

Act: +0.82%

5D

+11.62%

$170.77

20D

+17.64%

$179.99

Price: $153.00 Prob +5D: 97% AUC: 1.000

0001262039-26-000018

EX-99.1

2 ftntq2-2026ex991.htm

PRESS RELEASE

Document

Press Release

Fortinet Reports Strong Second Quarter 2026 Financial Results

Exceeds high end of second quarter guidance on revenue and profitability

Raises 2026 revenue guidance to 19% year over year growth

Highlights

•Revenue grew 26% year over year to $2.05 billion

•Product revenue grew 52% year over year to $773 million

•Billings grew 33% year over year to $2.37 billion1

•GAAP operating margin of 34%

•Non-GAAP operating margin of 38%1

•GAAP earnings per share grew 44% year over year to $0.82

•Non-GAAP earnings per share grew 41% year over year to $0.901

•Operating cash flow of $1.04 billion

•Free cash flow of $966 million1

SUNNYVALE, Calif. - July 29, 2026 - Fortinet® (Nasdaq: FTNT), a global cybersecurity leader driving the convergence of networking and security, today announced financial results for the second quarter ended June 30, 2026.

“We are very pleased with our excellent second quarter results, which reflect the differentiated value of our innovation in the AI Era,” said Ken Xie, Founder, Chairman and Chief Executive Officer of Fortinet. “Our results reflect that customers value Fortinet’s unique ‘SASE Firewall’, with leading firewall, SD-WAN and SASE functionality integrated together on our single FortiOS operating system and powered by our purpose-built FortiASIC, offering customers flexible deployment in a sovereign form factor, on-prem and in the cloud.”

Recent Business Highlights

•Announced a strategic collaboration with Intel to develop Fortinet Security Processor 6 (SP6), combining Fortinet’s proprietary, purpose-built security processor expertise with Intel’s advanced design, development, packaging, and manufacturing capabilities to accelerate SP6 development while strengthening the resilience and diversity of Fortinet’s global supply chain.

•Launched the FortiGate 1200G series with FortiSASE Outpost, combining local enforcement and cloud-delivered security to address customers’ evolving sovereignty, performance, and AI infrastructure requirements. The convergence of firewall and SASE technologies creates a new “SASE Firewall” market built for the realities of today’s hybrid world.

•Launched FortiSOC, a new cloud-delivered SOC platform that brings together six core security operations functions into a single AI SOC experience designed to simplify and scale modern security operations.

•Expanded FortiEndpoint converging multiple endpoint security innovations into one agent to help security teams safely enable AI adoption, strengthen data security, improve risk visibility, and simplify operations.

•Partnered with Anthropic on Project Glasswing (Mythos), OpenAI on Project Daybreak (GPT 5.5 Cyber), and NVIDIA as a founding member of its recently announced Open Secure AI Alliance for AI Safety and Security.

•Moody’s Ratings upgraded Fortinet’s senior unsecured notes rating to A3 from Baa1 and its senior unsecured shelf rating to (P)A3 from (P)Baa1, the highest rating of any public cybersecurity company.

Guidance

For the third quarter of 2026, Fortinet currently expects:

•Revenue in the range of $2.010 billion to $2.100 billion

•Billings in the range of $2.250 billion to $2.350 billion

•Non-GAAP gross margin in the range of 79.0% to 81.0%

•Non-GAAP operating margin in the range of 35.0% to 37.0%

•Diluted non-GAAP net income per share in the range of $0.83 to $0.87, assuming a non-GAAP effective tax rate of 18%. This assumes a diluted share count of 741 million to 745 million.

For the fiscal year 2026, Fortinet currently expects:

•Revenue in the range of $8.020 billion to $8.180 billion

•Service revenue in the range of $5.180 billion to $5.220 billion

•Billings in the range of $9.350 billion to $9.550 billion

•Non-GAAP gross margin in the range of 79.0% to 81.0%

•Non-GAAP operating margin in the range of 35.0% to 37.0%

•Diluted non-GAAP net income per share in the range of $3.41 to $3.47, assuming a non-GAAP effective tax rate of 18%. This assumes a diluted share count of 741 million to 745 million.

These statements are forward looking and actual results may differ materially. Refer to the Forward-Looking Statements section below for information on the factors that could cause our actual results to differ materially from these forward-looking statements.

Our guidance with respect to non-GAAP financial measures excludes stock-based compensation, amortization of acquired intangible assets, gain on intellectual property matters and a tax adjustment required for an effective tax rate on a non-GAAP basis, which differs from the GAAP effective tax rate. We have not reconciled our guidance with respect to non-GAAP financial measures to the corresponding GAAP measures because certain items that impact these measures are uncertain or out of our control or cannot be reasonably predicted. Accordingly, a reconciliation of these non-GAAP financial measures to the corresponding GAAP measures is not available without

2026

Q1

Q1 2026 Earnings

8-K BUY

May 6, 2026 · 100% conf.

SEC

View on SEC.gov

AI Prediction BUY

1D

+6.27%

$95.32

Act: +20.37%

5D

+9.58%

$98.30

Act: +31.20%

20D

+12.12%

$100.57

Act: +66.86%

Price: $89.70 Prob +5D: 100% AUC: 1.000

0001262039-26-000010

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2025

Q4

Q4 2025 Earnings

8-K BUY

Feb 5, 2026 · 100% conf.

SEC

View on SEC.gov

AI Prediction BUY

1D

+6.47%

$84.04

Act: +4.85%

5D

+9.95%

$86.78

Act: +7.01%

20D

+12.99%

$89.19

Price: $78.93 Prob +5D: 100% AUC: 1.000

0001262039-26-000003

ftnt-202602050001262039false00012620392026-02-052026-02-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 5, 2026

FORTINET, INC.

(Exact name of registrant as specified in its charter)

Delaware001-3451177-0560389 (State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)

909 Kifer Road Sunnyvale, CA 94086 (Address of principal executive offices, including zip code) (408) 235-7700 (Registrant’s telephone number, including area code)

Not Applicable (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act:

(Title of each class)(Trading Symbol)(Name of exchange on which registered) Common Stock, $0.001 Par ValueFTNTThe Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On February 5, 2026, Fortinet, Inc. issued a press release reporting its financial results for the fourth quarter and year ended December 31, 2025. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits. (d) Exhibits

Exhibit No. Description 99.1 Press release dated February 5, 2026

104Cover Page Interactive Data File - the cover page for this Current Report on Form 8-K is formatted in iXBRL

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Fortinet, Inc.

Date: February 5, 2026 By:/s/ JOHN WHITTLE

John Whittle Chief Operating Officer

2025

Q3

Q3 2025 Earnings

8-K

Nov 5, 2025

SEC

View on SEC.gov

0001262039-25-000036

ftnt-202511050001262039false00012620392025-11-052025-11-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 5, 2025