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Fortinet (FTNT) guidance and outlook

Fortinet (FTNT) raised its guidance on Oct 28, 2026: Revenue +20% for FY2026; Revenue $2.2B for Q4 2026; Gross margin 78%–80% for Q4 2026; Operating margin 35.5%–37.5% for Q4 2026. Fortinet's 10-Q filed Oct 30, 2026 makes 26 forward-looking statements.

Guidance and outlook

Latest guidance

From the earnings release filed Oct 28, 2026 (8-K on EDGAR).

Forward-looking statements, 10-Q filed Oct 30, 2026

• • our ability to successfully anticipate market changes, including those related to cloud-based and Artificial Intelligence solutions and to sell, support and meet service level agreements related to cloud-based solutions;
• • expected impact of plans and strategy for the acceleration of our data center footprint and our PoP deployment;
• • expectations that proceeds from the exercise of stock options in future years will be adversely impacted by the increased mix of restricted stock units and performance stock units versus stock options granted or a decline in our stock price;
• We expect our product revenue to continue to grow year over year for the remainder of 2026 compared to the same periods of 2025.
• We expect our service revenue to continue to grow year over year for the remainder of 2026.
• Our overall gross margin for the full year of 2026 will be impacted by service and product revenue mix and their respective gross margins.
• We also expect service gross margin for the full year 2026 to remain relatively consistent with 2025, while continuing expansion of our data center footprint and colocation and cloud hosting capacity to support the growth in our unified SASE and SecOps offerings.
• We currently do not expect the U.S. tariffs to have a meaningful impact on our gross margin.
• However, changes in trade policy, including increases in tariff rates, changes in customs or tariff classifications, or modifications to tariff exemptions, could adversely affect our gross margin in the future, and we expect any resulting impact would primarily relate to our hardware sales to U.S. customers.
• For the full year 2026, we expect our operating margin to increase slightly compared to 2025, benefiting from operating leverage and measured investments.
• We expect these and other investments to support long-term revenue growth and market expansion.
• In addition, it is important to note that other companies, including companies in our industry, may not use free cash flow, may calculate free cash flow in a different manner than we do or may use other financial measures to evaluate their performance, all of which could reduce the usefulness of free cash flow as a comparative measure.

Fortinet's latest quarter

Questions

Did Fortinet raise or lower its guidance?

Fortinet (FTNT) raised its guidance on Oct 28, 2026: Revenue +20% for FY2026; Revenue $2.2B for Q4 2026; Gross margin 78%–80% for Q4 2026; Operating margin 35.5%–37.5% for Q4 2026.

What does Fortinet expect?

• our ability to successfully anticipate market changes, including those related to cloud-based and Artificial Intelligence solutions and to sell, support and meet service level agreements related to cloud-based solutions; • expected impact of plans and strategy for the acceleration of our data center footprint and our PoP deployment; • expectations that proceeds from the exercise of stock options in future years will be adversely impacted by the increased mix of restricted stock units and performance stock units versus stock options granted or a decline in our stock price;

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.