Fortinet beats Q1 estimates, raises 2026 outlook on strong cybersecurity demand.

Fortinet reported Q1 2026 revenue of $1.85 billion, beating expectations by 7%, with adjusted EPS up 41% to $0.82. Billings rose 31% to $2.09 billion, driven by strong demand for its security platform amid increasing cybersecurity threats intensified by AI. The company raised its full-year revenue forecast to $7.71-$7.87 billion and expects continued strong profitability with non-GAAP gross margins around 79-81%. Fortinet also provided optimistic Q2 guidance, signaling confidence in sustained growth.