Filing Flows › Fortinet (FTNT) › Q3 2026 › vs Q2 2026
Fortinet (FTNT) Q3 2026 vs Q2 2026 (quarter over quarter)
Fortinet's revenue rose $30.5M (+1%) from $2.0B in Q2 2026 to $2.1B in Q3 2026. The biggest changes: Service +$38.5M (+3%); Product −$8.0M (-1%). Gross margin 79.0% against 80.2% (-1.3 pts).
Fortinet, Q3 2026: revenue $2.1B (+20% year over year), operating margin 33.9%, net earnings $636M, operating cash flow $946M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 79.0% | 80.2% | -1.3 pts |
| Operating margin | 33.9% | 33.7% | +0.2 pts |
| Net margin | 30.6% | 29.6% | +1.0 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Security subscription | $754M | $730M | $23.9M | +3% |
| Technical support and other | $560M | $545M | $14.6M | +3% |
| Service | $1.3B | $1.3B | $38.5M | +3% |
| Product | $765M | $773M | −$8.0M | -1% |
| Revenue | $2.1B | $2.0B | $30.5M | +1% |
| Gross profit | $1.6B | $1.6B | −$2.3M | -0.1% |
| Cost of revenue | $438M | $405M | $32.8M | +8% |
| Other income, net | $50.7M | $30.9M | $19.8M | +64% |
| Operating profit | $704M | $689M | $15.0M | +2% |
| Operating expenses | $937M | $954M | −$17.3M | -2% |
| Pre-tax earnings | $755M | $720M | $34.8M | +5% |
| Research & development | $213M | $225M | −$11.6M | -5% |
| Sales & marketing | $665M | $669M | −$4.1M | -0.6% |
| General & admin | $59.6M | $61.1M | −$1.5M | -2% |
| Net earnings | $636M | $606M | $29.2M | +5% |
| Income tax | $120M | $115M | $4.5M | +4% |
| Depreciation & amortization | $39.4M | $41.4M | −$2.0M | -5% |
| Share-based compensation | $80.1M | $79.3M | $800K | +1% |
| Working capital & other | $191M | $317M | −$126M | -40% |
| Operating cash flow | $946M | $1.0B | −$97.6M | -9% |
Questions
How much did Fortinet's revenue grow quarter over quarter in Q3 2026?
Fortinet's revenue rose $30.5M (+1%) from $2.0B in Q2 2026 to $2.1B in Q3 2026.
What drove Fortinet's revenue change in Q3 2026?
Service +$38.5M (+3%); Product −$8.0M (-1%).