Fortinet Raises Annual Revenue Forecast on Strong Q2 Demand
Fortinet reported second‑quarter revenue of $2.05 billion, a 26 % year‑over‑year increase that beat the $1.89 billion estimate. Adjusted earnings per share were $0.90 and GAAP earnings per share $0.82, both above analyst expectations. Product revenue rose 52 % to $773 million and billings grew 33 % to $2.37 billion, reflecting heightened enterprise spending on cybersecurity.
The company lifted its full‑year revenue outlook to $8.02‑$8.18 billion from $7.71‑$7.87 billion and raised its adjusted EPS forecast to $3.41‑$3.47 from $3.10‑$3.16. It also projected third‑quarter revenue of $2.01‑$2.10 billion and adjusted EPS of 83‑87 cents. Fortinet is shifting to a subscription‑led model and integrating generative AI across its product portfolio. Following the earnings release, Fortinet’s shares jumped about 11 % in after‑hours trading, reaching $170.08.
Entities: FortiGate · Fortinet Inc. · Fortinet's subscription‑led model · Fortinet, Inc. · Sunnyvale, California · generative AI
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 3 SOURCES] Fortinet posted GAAP earnings per share of $0.82 and adjusted earnings per share of $0.90 for Q2. (clm_2105b06b-046a-4312-8283-de015f730489)
- [● 3 SOURCES] Fortinet expects third‑quarter adjusted EPS of 83‑87 cents. (clm_3e60a793-97ce-4934-a0e2-46e0a77c144e)
- [● 2 SOURCES] Fortinet's stock rose about 11 % in after‑hours trading, reaching $170.08. (Fortinet (FTNT) Stock: Surge as Q2 Product Revenue Jumps 52% and Cybersecurity Demand Accelerates)
- [● 3 SOURCES] Fortinet raised its annual adjusted earnings‑per‑share forecast to $3.41‑$3.47, above the previous $3.10‑$3.16 range. (Fortinet lifts annual revenue forecast on strong cybersecurity demand)
- [● 3 SOURCES] Fortinet raised its annual revenue forecast to $8.02‑$8.18 billion, up from $7.71‑$7.87 billion. (Fortinet lifts annual revenue forecast on strong cybersecurity demand)
- [● 2 SOURCES] Fortinet's product revenue grew 52 % to $773 million in Q2. (Fortinet lifts annual revenue forecast on strong cybersecurity demand)
- [● 2 SOURCES] Fortinet's billings increased 33 % to $2.37 billion in Q2. (Fortinet (FTNT) Stock: Surge as Q2 Product Revenue Jumps 52% and Cybersecurity Demand Accelerates)
- [● 3 SOURCES] Fortinet reported Q2 revenue of $2.05 billion, up 26% year‑over‑year and beating the $1.89 billion estimate. (financial results)
- [● 2 SOURCES] Fortinet is integrating generative AI into its products and moving toward a subscription‑led model. (Fortinet lifts annual revenue forecast on strong cybersecurity demand)
- [● 3 SOURCES] Fortinet's adjusted earnings per share for Q2 were $0.90. (Fortinet lifts annual revenue forecast on strong cybersecurity demand)
- [○ 1 SOURCE] Fortinet's stock rose about 11% in after‑hours trading following the earnings release. (Market reaction report)
- [● 3 SOURCES] Fortinet expects third‑quarter revenue of $2.01‑$2.10 billion. (clm_68247f7e-7796-4256-98e9-973e16f79b6b)