Fortinet Raises Full-Year Guidance Amid Growth in SASE and OT Security
During its third-quarter 2026 earnings call, Fortinet (FTNT) announced an upward revision to its full-year billings guidance. The company is seeing significant momentum from the integration of Secure Access Service Edge (SASE) platforms and specialized Operational Technology (OT) security, as corporate clients seek to protect industrial infrastructure and AI data flows from evolving cyber threats. While service revenue grew 13% to $1.31 billion, management noted that large enterprise deals—which saw a 51% increase in volume for contracts exceeding $1 million—can cause temporary delays in recognized service revenue due to phased rollouts. However, deferred revenue rose by 14.5%, signaling strong future demand. Looking toward 2027, Fortinet expects its growth to outpace the overall addressable market.
Tickers: $FTNT
Topics: AI security billings guidance cybersecurity earnings call operational technology SASE