Xie Ken sold $26.3M of FTNT

Fortinet (FTNT) reported Q2 2026 results, saying billings rose 33% to $2.37 billion and total revenue increased 26% to $2.05 billion. Product revenue grew 52% to $773 million, and free cash flow more than tripled to nearly $1 billion. The company raised 2026 guidance, citing 34% SASE Firewall billings growth to over $2 billion and 25% AI-driven security ops billing growth.

Fortinet Inc. (FTNT) shares hit an all-time high of $170.37 and last traded around $171.18. The stock is up 113% over six months and 76.63% over a year. The article cites revenue up 26% to $2.05B and billings up 33% to $2.37B, plus product revenue up 52% to $773M, with multiple firms raising price targets.

Fortinet reported Q2 revenue up 26% to $2.05B, driven by AI security demand and higher sales of next-gen firewall, SD-WAN, and SASE offerings. Product revenue rose 52% to $773M. Billings increased 33% to $2.37B. GAAP operating margin was 34% and non-GAAP 38%, with free cash flow $966M. Q3 revenue guidance was $2.01B-$2.1B and FY revenue $8.02B-$8.18B, raised to 19% growth.

Fortinet said Q2 2026 demand for its Unified SASE platform accelerated. FortiSASE billings grew more than 100% and the combined “SASE Firewall” category rose 34% to over $2 billion. Total revenue rose 26% to $2.05B, billings 33% to $2.37B, and GAAP net income rose to $606.3M. Fortinet raised FY2026 outlook.

Fortinet (FTNT) shares rose 6.3% after the company reported Q2 revenue of $2,047.9M and net income of $606.3M. Fortinet raised full-year 2026 revenue guidance to $8.02–8.18B and set Q3 guidance of $2.01–2.10B. It also launched the FortiGate 1200G series with FortiSASE Outpost.

Fortinet reported Q2 2026 revenue up 26% to $2.05 billion and billings up 33% to $2.37 billion, with product revenue up 52% to $773 million and service revenue up 14% to $1.27 billion, according to the company. FortiGate, SASE and OT security demand accelerated. Fortinet raised 2026 revenue guidance to $8.02-$8.18 billion and billings to $9.35-$9.55 billion.