---
title: "Fortinet beats Q4 revenue expectations, expands share repurchase authorization by $1 bln"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/275032285.md"
datetime: "2026-02-05T21:20:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275032285.md)
  - [en](https://longbridge.com/en/news/275032285.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275032285.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/275032285.md) | [繁體中文](https://longbridge.com/zh-HK/news/275032285.md)


# Fortinet beats Q4 revenue expectations, expands share repurchase authorization by $1 bln

)

Overview

-   Cybersecurity firm’s Q4 revenue grew 15% yr/yr, beating analyst expectations
-   Adjusted EPS for Q4 beat analyst expectations
-   Company expands share repurchase authorization by $1 bln

Outlook

-   Fortinet expects Q1 2026 revenue between $1.700 bln and $1.760 bln
-   Company sees FY 2026 revenue between $7.500 bln and $7.700 bln
-   Fortinet anticipates Q1 2026 non-GAAP operating margin between 30% and 32%

Result Drivers

-   UNIFIED SASE DEMAND - Fortinet’s Q4 performance was driven by strong demand for Unified SASE solutions, with billings growing 40%
-   PARTNERSHIPS AND RECOGNITIONS - Collaborations with NVIDIA and recognitions from Gartner and Google supported Fortinet’s Q4 growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 Beat $1.91 $1.86

Revenue bln bln (35

Analysts

)

Q4 Beat $0.81 $0.74

Adjusted (36

EPS Analysts

)

### Q4 EPS $0.68

### Q4 37.00%

Adjusted

Operatin

g Margin

### Q4 $2.37

Billings bln

Analyst Coverage

-   The current average analyst rating on the shares is “hold” and the breakdown of recommendations is 12 “strong buy” or “buy”, 29 “hold” and 3 “sell” or “strong sell”
-   The average consensus recommendation for the software peer group is “buy.”
-   Wall Street’s median 12-month price target for Fortinet Inc is $87.00, about 7.2% above its February 4 closing price of $81.12
-   The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 31 three months ago

Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

### Related Stocks

- [NVIDIA Corporation (NVDA.US)](https://longbridge.com/en/quote/NVDA.US.md)
- [Fortinet, Inc. (FTNT.US)](https://longbridge.com/en/quote/FTNT.US.md)

## Related News & Research

- [Jensen Huang just said something astounding about Nvidia's revenue potential](https://longbridge.com/en/news/281584243.md)
- [How Cybersecurity Showcases and Cash Flow Strength At Fortinet (FTNT) Have Changed Its Investment Story](https://longbridge.com/en/news/281472094.md)
- [Nvidia (NVDA) Stock’s Discount Could Get Even More Attractive for Patient Speculators](https://longbridge.com/en/news/281203180.md)
- [Nvidia Stock vs. XRP: Which $1,000 Investment Wins by the End of 2026?](https://longbridge.com/en/news/281015455.md)
- [A 7% Risk-Free Return On Nvidia? Prediction Markets Now Make It (Almost) Possible](https://longbridge.com/en/news/281561416.md)