Filing Flows › Fortinet (FTNT) › Q2 2026
Fortinet (FTNT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Fortinet (FTNT) reported revenue of $2.0B for the second quarter 2026 (Q2 2026), +26% from a year earlier and +11% from the quarter before. Operating margin was 33.7%, net earnings $606M (29.6% of revenue).
Fortinet, Q2 2026: revenue $2.0B (+26% year over year), operating margin 33.7%, net earnings $606M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | +11% | +26% |
| Gross profit | $1.6B | +11% | +25% |
| Operating profit | $689M | +19% | +51% |
| Net earnings | $606M | +13% | +38% |
| Operating cash flow | $1.0B | -3% | +131% |
| Free cash flow | $966M | — | +240% |
What changed
Revenue was $2.0B in Q2 2026, up 26% year over year and up 11% from the previous quarter. Product was the largest line at 38% of revenue. Product added $0.26B year over year (up 52%), 63% of the total change.
Gross margin was 80.2%, down 0.4 points from Q2 2025. Operating profit was $0.69B, a 33.7% margin (up 5.6 points year over year). Of the extra revenue versus Q2 2025, 55% reached operating profit, above the 28% margin then. Operating expenses grew 11% against revenue growth of 26%. The fastest-growing cost line was Sales & marketing (+13%). Net earnings were $0.61B, up 38% year over year. The effective tax rate was 16.0%.
Operating cash flow was $1.0B (up 131% year over year), 172% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.08B of share-based compensation. Working capital and other items added $0.32B. After purchases of property and equipment ($0.08B), free cash flow as the company reports it was $1.0B.
Questions
What was Fortinet's revenue in the second quarter 2026?
Fortinet (FTNT) reported revenue of $2.0B for the second quarter 2026 (Q2 2026), +26% from a year earlier and +11% from the quarter before.
Was Fortinet profitable in the second quarter 2026?
Operating profit was $689M (33.7% of revenue) and net earnings $606M.
Source: Fortinet 10-Q on SEC EDGAR.