Fortinet posts Q3 2026 earnings beat, raises guidance but shares plunge
+4 new sources since this summary was written
Fortinet reported Q3 2026 revenue of $2.08 billion, up 20% year‑over‑year, and adjusted earnings of $0.91 per share, beating analyst forecasts. The company raised its Q4 revenue outlook to $2.155‑$2.245 billion and full‑year revenue guidance to $8.125‑$8.215 billion. Despite the beat, the stock fell sharply in after‑hours trading.
Why it matters
The share‑price decline shows investor concern over the slower revenue growth and guidance, creating short‑term downside risk despite the earnings beat. The raised guidance sets higher expectations for Q4 and FY 2026, affecting valuation models that rely on revenue and earnings forecasts.
Key facts
- 1Q3 2026 revenue was $2.08 billion, up 20% year‑over‑year. finanznachrichten.de
- 2Adjusted (non‑GAAP) earnings per share were $0.91. finanznachrichten.de
- 3GAAP earnings per share were $0.86. finanznachrichten.de
- 4Product revenue grew 37% to $765 million. finanznachrichten.de
- 5Service revenue grew 13% to $1.31 billion. investing.com
- 6Billings increased 29% year‑over‑year to $2.34 billion. finanznachrichten.de
Open questions
- Material 3 reports a 20% post‑earnings decline, while materials 8, 9, and 10 report declines of 25.6%, 25.51%, and about 26% respectively.
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.