Fortinet Raises 2026 Forecast After Strong Second‑Quarter Results

Investors read the guidance lift as a sign of rising corporate security budgets driven by Fortinet’s pivot to subscription pricing with generative‑AI in its products.

Overview

Fortinet, which reported results on Wednesday, July 29, posted Q2 revenue of $2.05 billion, GAAP net income of $606.3 million and adjusted earnings of $0.90 per share.
The company raised its full‑year revenue guidance to $8.02 billion–$8.18 billion and lifted adjusted EPS guidance to $3.41–$3.47 from prior ranges.
For the third quarter Fortinet forecast revenue of $2.01 billion–$2.10 billion and adjusted EPS of $0.83–$0.87, both figures above recent analyst expectations.
Company executives credited stronger corporate security spending for the upside and pointed to a strategic shift toward subscription pricing and the integration of generative‑AI into its security products to drive recurring revenue.
Fortinet also reported sharp product and billings growth during the quarter, a cash‑flow beat and an after‑hours stock rally, a combination that could boost investor focus on predictable subscription receipts and on automated threat detection for security teams.