Fortinet Reports Strong Q3 2026 Results with 20% Revenue Growth and Raised Full-Year Guidance
Fortinet (FTNT) delivered a robust third quarter for fiscal year 2026, reporting total revenue of $2.08 billion, a 20% increase year-over-year. This growth was primarily propelled by a 37% surge in product revenue as customers transitioned to higher-performing models and increased average selling prices. The company also achieved a record non-GAAP operating margin of 38.2%, driven by disciplined cost management and strong demand across various segments. Key growth drivers included a 51% increase in the value of large enterprise deals exceeding $1 million and significant momentum in SASE firewall and OT billings. Despite some supply chain headwinds regarding component lead times, Fortinet raised its full-year 2026 revenue guidance for the third time this year. The company maintains strong liquidity with $912 million in adjusted free cash flow and continues to execute on shareholder returns via a multi-billion dollar share repurchase program.
Topics: Enterprise Deals Free Cash Flow Operating Margin Product Segment Performance Revenue Growth