The cybersecurity company's earnings were so good the stock is set to join the exclusive club of S&P 500 names to double in 2026.
Fortinet NASDAQ: FTNT reported second-quarter 2026 results that exceeded the high end of its guidance, with billings rising 33% year over year to $2.37 billion and total revenue increasing 26% to $2.05 billion.
While the top- and bottom-line numbers for Fortinet (FTNT) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Fortinet (FTNT) came out with quarterly earnings of $0.9 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.64 per share a year ago.
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Fortinet (NASDAQ:FTNT | FTNT Price Prediction) heads into Wednesday's Q2 earnings report with a record few cybersecurity companies can match: 24th consecutive quarter without an earnings miss.
FTNT gears up for Q2 earnings as AI security, Secure Networking and SASE demand take center stage amid revenue and margin expectations.
Beyond analysts' top-and-bottom-line estimates for Fortinet (FTNT), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2026.
Fortinet Inc (NASDAQ:FTNT) is set to report its second quarter results on July 29, with Jefferies analysts highlighting that the company needs to show an acceleration in product revenue growth to support investor confidence in the durability of its recent performance. The firm expects solid product trends in the quarter, driven by price increases and improving channel checks, but wrote that investors will be looking for evidence the momentum can extend beyond the near term.
Fortinet (FTNT) reached $158.1 at the closing of the latest trading day, reflecting a -1.41% change compared to its last close.
Cybersecurity stocks, include Okta, SentinelOne and Fortinet have been surging as businesses recognized the increasing importance of protecting data, applications and digital identities.
FTNT, OKTA and S are poised to benefit as rising agentic AI adoption drives demand for AI security, identity protection and threat detection.