Fortinet Raises Full-Year Billings Outlook to $9.35B-$9.55B with Strong Q2 Performance
Fortinet (NASDAQ:FTNT) has raised its full-year billings outlook to a range of $9.35 billion to $9.55 billion, citing strong second-quarter performance. The company reported that billings grew by 33%, total revenue increased by 26%, and product revenue surged by 52%. Additionally, free cash flow more than tripled year-over-year to nearly $1 billion. Fortinet also provided a forward-looking earnings per share (EPS) forecast for the fiscal year ending in 2026 of between $3.41 and $3.47. The company's leadership expressed satisfaction with these results, highlighting robust growth across key financial metrics.
Tickers: $FTNT
Topics: Billings Fortinet Free Cash Flow Q2 Earnings Revenue Growth