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Fortinet revenue growth and SASE expansion

Updated 2 times since CLSTR started tracking revisions of this situation.

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2026-08-05 11:23 UTC → 2026-08-17 18:04 UTC · added removed

In late July 2026, Fortinet reported a 26 % year‑over‑year 26% year-over-year rise in second‑quarter second-quarter revenue to $2.05 billion, beating forecasts and prompting an upgraded full‑year outlook of $8.02‑$8.18 billion. the $1.89 billion estimate. The earnings release highlighted strong company raised its full-year revenue outlook to $8.02-$8.18 billion and its adjusted EPS forecast to $3.41-$3.47. This growth was driven by a 52% increase in product revenue growth, and a shift toward a subscription‑led model, and the integration of subscription-led model integrating generative AI across its portfolio, sending the stock up about 11 % in after‑hours trading. A few days later the company unveiled AI. Following these results, Fortinet launched the FortiGate 1200G series, a high‑performance high-performance firewall built designed for AI‑driven AI-driven workloads and hybrid environments. The launch was paired coincided with a report reports that Unified SASE billings more than doubled, pushing the SASE firewall business past $2 billion—a 34 % year‑over‑year increase—and that adoption 34% year-over-year increase. Adoption of FortiSASE now covered 19 % covers 19% of Fortinet’s large‑enterprise large-enterprise customers, including a seven‑figure seven-figure contract with a global pharmaceutical firm covering over 45,000 users. In firm. By early August, Fortinet added detail on the 1200G platform, emphasizing its company emphasized the FortiGate 1200G’s FortiSASE Outpost capability capability, which allows for local enforcement of security policies on‑premise, on-premise, at the edge, or in the cloud. The appliances support flexible 10 Gb, 25 Gb and 100 Gb connectivity, hardware‑rooted security, and low‑latency inspection of encrypted traffic, addressing data‑sovereignty, performance, privacy and AI‑infrastructure requirements. CEO Ken Xie described noted that the convergence of firewall and SASE technologies as is creating a new “new SASE firewall market built for hybrid‑world security. the realities of today’s hybrid world.” In mid-August, leadership noted accelerating demand for FortiGate hardware across OT and SD-WAN networks, supported by proprietary FortiASIC technology for hardware acceleration. While maintaining a strong position through its ‘Security Fabric’ architecture, Fortinet faces increasing competition from pure-play SASE providers and legacy network firms as it expands its cloud-native offerings.

Versions

  1. 2026-08-17 18:04 UTC Fortinet revenue growth and SASE expansion
  2. 2026-08-05 11:23 UTC Fortinet revenue growth and SASE expansion
  3. 2026-08-03 05:14 UTC Fortinet revenue growth and SASE expansion

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