Fortinet reported 2025 revenue of $6.8 billion and first-quarter 2026 revenue of $1.8 billion. The thesis depends on billings quality, deferred revenue, platform adoption, operating margin, cash conversion and competition.
References
Sources used in this report
SEC datasetSEC company tickers exchange datasetRetrieved 2026-05-19 · Issuer identity, ticker, exchange and CIK.SEC APISEC submissions APIRetrieved 2026-05-19 · Company identity, filing chronology and filing metadata.SEC XBRL APISEC companyfacts APIRetrieved 2026-05-19 · XBRL financial statement baseline.Annual reportFortinet, Inc. annual report2026-02-25 · Annual business, risk and financial baseline.Quarterly reportFortinet, Inc. latest quarterly report2026-05-08 · Latest interim financial baseline.Current reportFortinet, Inc. Form 8-K2026-05-06 · Recent company filing chronology.Proxy statementFortinet, Inc. proxy statement2026-04-29 · Governance and incentive context.