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Fortinet (FTNT) R&D spending by quarter

Fortinet's R&D spending was $213M in Q3 2026 (third quarter 2026), -5% from Q2 2026. Over the last 6 quarters it ranged from $202M (Q3 2025) to $225M (Q2 2026).

Fortinet R&D spending by quarterFortinet R&D spending by quarter$210MQ2 2025$202MQ3 2025$205MQ4 2025$214MQ1 2026$225MQ2 2026$213MQ3 2026
QuarterR&D spendingQ/QY/Y
Q3 2026$213M-5%+5%
Q2 2026$225M+5%+7%
Q1 2026$214M+4%—
Q4 2025$205M+1%—
Q3 2025$202M-3%—
Q2 2025$210M——

Q3 2026 at a glance

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.

Questions

What is Fortinet's R&D spending?

Fortinet's R&D spending was $213M in Q3 2026 (third quarter 2026), -5% from Q2 2026.

How has Fortinet's R&D spending changed?

Over the last 6 quarters it ranged from $202M (Q3 2025) to $225M (Q2 2026).

Q3 2026 results → · How Fortinet makes money →