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Fortinet beats Q1 earnings by 32%, stock jumps 25%, and raises full-year outlook on strong growth.

Company Fundamentals
12 May 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Fortinet reported a 32% earnings per share beat for Q1 FY2026, causing its stock to surge 25%. The company raised its full-year guidance, reflecting strong business momentum driven by its integrated hardware-software model and recurring revenue streams. Fortinet's growth is accelerating, with a 41% increase in hardware-driven product revenue and strategic advantages in key areas like Sovereign SASE and OT. The company’s resilience and profitability make it a strong buy at record stock highs.

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