Fortinet

Q3 FY2026 EarningsFTNT.US Q3 FY26 delivered a solid beat-and-raise performance, with revenue of $2,078.4M exceeding the $2,063.8M consensus (+0.71%) and Diluted EPS of $0.86 beating the $0.8585 normalized expectation. Product revenue surged 37% YoY to $765M, significantly outperforming historical growth rates, while total billings grew 29% YoY to $2.34B. Operating margin expanded to 33.9% vs. 31.7% YoY, despite a 1.8pct YoY gross margin contraction to 79.0% due to unfavorable product mix. Management authorized a $1.23B expansion to the share repurchase program, reinforcing strong free cash flow generation of $864.8M.