capital · May 20, 2026

Fortinet Raises 2026 Revenue Guidance to $7.71-7.87B After Q1 Billings Reach $2.09B

Fortinet CEO Ken Xie announced Q1 2026 results on May 7 2026 with revenue at $1.85 billion up 20 percent year over year and billings at $2.09 billion up 31 percent year over year. Non-GAAP EPS reached $0.82 up 41 percent from the prior year while free cash flow hit a record $1.01 billion. The company raised full-year 2026 revenue guidance to $7.71-7.87 billion from the prior $7.5-7.7 billion range and non-GAAP EPS to $3.10-3.16. Ken Xie stated the results exceeded high-end guidance through broad-based demand and 26 years of networking-security convergence. Q2 2026 guidance includes revenue of $1.83-1.93 billion and billings of $2.09-2.19 billion.