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.
Fortinet is considered better positioned than Palo Alto to capitalize on the AI-driven cybersecurity market due to its more attractive valuation ratios and broader product portfolio. Despite similar revenue and free cash flow growth, Fortinet's price...
Fortinet has upgraded its FortiEndpoint platform with new AI-era capabilities that provide centralized control over AI applications, native data loss prevention, and AI-assisted security operations. These enhancements help organizations safely adopt ...
