Fortinet said total revenue for Q1 2026 ended March 31 was $1,849.6 million, up from $1,539.7 million in the same quarter of the prior year, with product revenue of $645.1 million and service revenue of $1,204.5 million.

1. 01

   Fortinet said total revenue for Q1 2026 ended March 31 was $1,849.6 million, up from $1,539.7 million in the same quarter of the prior year, with product revenue of $645.1 million and service revenue of $1,204.5 million.

2. 02

   The company reported GAAP operating income of $580.0 million with an operating margin of 31.4% and non-GAAP operating income of $662.1 million with a margin of 35.8% for Q1. Diluted net income per share was $0.72 on a GAAP basis and $0.82 on a non-GAAP basis.

3. 03

   Fortinet spent $823.0 million on repurchase and retirement of common stock and $500.0 million on repayment of senior notes in Q1. The company provided revenue guidance for Q2 of $1.830 billion to $1.930 billion.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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