Smart Fit and Fortinet post strong Q2 2026 earnings amid share moves

Brazilian fitness chain Smart Fit reported a 22% rise in consolidated net revenue to R$2.18 billion for the April‑June quarter, driven by new gyms, higher membership base and increased average ticket. Adjusted EBITDA grew 24% to R$712 million, with the margin improving to 32.7%. Net recurring profit reached R$204 million, up 8% year‑on‑year, but higher financial expenses and a rise in net debt to R$4.6 billion limited earnings, and the shares fell 5.8% on the Ibovespa, the biggest drop that session.

U.S.‑based Fortinet announced total revenue of $2.05 billion for the same quarter, a 26% increase, with product revenue jumping 52% to $773 million. GAAP operating margin was 34% and non‑GAAP 38%. Earnings per share rose to $0.82 GAAP and $0.90 non‑GAAP, up 44% and 41% respectively. Operating cash flow reached $1.04 billion and free cash flow $966 million. CEO Ken Xie credited the results to the company’s AI‑driven integrated security platform and continued market demand for firewall‑SASE solutions.