Short answer
Fortinet (FTNT) filed its Q2 2026 10-Q quarterly report on Jul 30, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $2.0B (up 25.6% year over year) with net income of $606M.
Q2 2026 key financials · XBRL
- Revenue
- $2.0B
- +25.6% YoY · +10.7% QoQ
- Net income
- $606M
- +37.8% YoY · +13.4% QoQ
- Operating margin
- 33.7%
- Gross margin
- 80.2%
- EPS (diluted)
- $0.82
- +43.9% YoY · +13.9% QoQ
Source: XBRL data from the Fortinet (FTNT) Q2 2026 10-Q on SEC EDGAR. USD.
Fortinet Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $2.05B, up 26% YoY, driven by product revenue $773.0M, up 52%
- Operating margin 33.7% vs 28.1% YoY; gross margin 80.2% vs 80.7%
- Best performer product revenue, up 52%; service revenue increased 14% to $1.27B
- Operating cash flow $2.12B, up $805.5M or 61% through six months
- 2026 outlook: operating margin slightly higher; memory-chip shortages and tariffs threaten costs and margins
Risk Factors
- Newly added tariff risk: expanded U.S. tariffs could increase product costs or force price increases, reducing customer demand
- Most materially updated channel risk: one distributor represented 26% of net accounts receivable as of June 30, 2026
- Regulatory risk: evolving privacy, cybersecurity, export, environmental, regional component-ban, and local-manufacturing requirements
- Near-term operational risk: supply shortages and shipping delays could disrupt fulfillment and reduce backlog-to-billings conversion
- Financial risk: significant expenses in non-U.S. currencies expose margins to foreign-exchange fluctuations
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other Fortinet quarterly reports
Ask about this quarter
Compare quarters, check guidance or see what insiders and funds did around the report.