Filing Flows › Fortinet (FTNT) › Q3 2026
Fortinet (FTNT) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 30, 2026
Fortinet (FTNT) reported revenue of $2.1B for the third quarter 2026 (Q3 2026), +20% from a year earlier and +1% from the quarter before. Operating margin was 33.9%, net earnings $636M (30.6% of revenue).
Fortinet, Q3 2026: revenue $2.1B (+20% year over year), operating margin 33.9%, net earnings $636M, operating cash flow $946M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | +1% | +20% |
| Gross profit | $1.6B | -0.1% | +18% |
| Operating profit | $704M | +2% | +29% |
| Net earnings | $636M | +5% | +34% |
| Operating cash flow | $946M | -9% | +44% |
| Free cash flow | $865M | — | — |
What changed
Revenue was $2.1B in Q3 2026, up 20% year over year and up 1% from the previous quarter. Product was the largest line at 37% of revenue. Product added $0.21B year over year (up 37%), 58% of the total change.
Gross margin was 79.0%, down 1.8 points from Q3 2025. Operating profit was $0.70B, a 33.9% margin (up 2.2 points year over year). Of the extra revenue versus Q3 2025, 44% reached operating profit, above the 32% margin then. Operating expenses grew 11% against revenue growth of 20%. The fastest-growing cost line was Sales & marketing (+14%). Net earnings were $0.64B, up 34% year over year. The effective tax rate was 15.8%.
Operating cash flow was $0.95B (up 44% year over year), 149% 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 $0.19B. After purchases of property and equipment ($0.06B) and proceeds from escrow settlement ($0.02B), free cash flow as the company reports it was $0.86B.
Questions
What was Fortinet's revenue in the third quarter 2026?
Fortinet (FTNT) reported revenue of $2.1B for the third quarter 2026 (Q3 2026), +20% from a year earlier and +1% from the quarter before.
Was Fortinet profitable in the third quarter 2026?
Operating profit was $704M (33.9% of revenue) and net earnings $636M.
Source: Fortinet 10-Q on SEC EDGAR.