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Fortinet (FTNT) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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Fortinet (FTNT - Free Report) reported $2.05 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 25.6%. EPS of $0.90 for the same period compares to $0.64 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.89 billion, representing a surprise of +8.62%. The company delivered an EPS surprise of +20%, with the consensus EPS estimate being $0.75.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Fortinet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total billings (Non-GAAP): $2.37 billion versus $2.14 billion estimated by nine analysts on average.
Revenue- Services: $1.27 billion compared to the $1.25 billion average estimate based on 11 analysts. The reported number represents a change of +13.7% year over year.
Revenue- Product: $773 million compared to the $634.65 million average estimate based on 11 analysts. The reported number represents a change of +51.9% year over year.
Revenue- Services- Security subscription: $729.7 million compared to the $723.1 million average estimate based on two analysts. The reported number represents a change of +13.2% year over year.
Revenue- Services- Technical support and other: $545.2 million compared to the $526.55 million average estimate based on two analysts. The reported number represents a change of +14.4% year over year.
Gross profit- Product Non-GAAP: $540.5 million versus the seven-analyst average estimate of $434.32 million.
Gross profit- Service Non-GAAP: $1.12 billion versus the seven-analyst average estimate of $1.08 billion.
Gross profit- Product: $539.2 million versus the three-analyst average estimate of $415.11 million.
Gross profit- Services: $1.1 billion versus the three-analyst average estimate of $1.08 billion.
Shares of Fortinet have returned -2.4% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
View the Zacks #1 Rank List
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Fortinet (FTNT) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Fortinet (FTNT - Free Report) reported $2.05 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 25.6%. EPS of $0.90 for the same period compares to $0.64 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.89 billion, representing a surprise of +8.62%. The company delivered an EPS surprise of +20%, with the consensus EPS estimate being $0.75.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Fortinet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Fortinet here>>>
Shares of Fortinet have returned -2.4% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.