For the quarter ended September 2026, Fortinet (FTNT Quick QuoteFTNT - Free Report) reported revenue of $2.08 billion, up 20.5% over the same period last year. EPS came in at $0.91, compared to $0.74 in the year-ago quarter.

The reported revenue represents a surprise of +0.79% over the Zacks Consensus Estimate of $2.06 billion. With the consensus EPS estimate being $0.85, the EPS surprise was +7.06%.

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.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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): $2.34 billion compared to the $2.3 billion average estimate based on nine analysts.
• Revenue- Product: $765 million compared to the $720.87 million average estimate based on 11 analysts. The reported number represents a change of +36.8% year over year.
• Revenue- Services: $1.31 billion compared to the $1.33 billion average estimate based on 11 analysts. The reported number represents a change of +12.7% year over year.
• Revenue- Services- Security subscription: $753.6 million versus the two-analyst average estimate of $770.45 million. The reported number represents a year-over-year change of +12.1%.
• Revenue- Services- Technical support and other: $559.8 million versus $572.35 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +13.4% change.
• Gross profit- Product Non-GAAP: $493.7 million compared to the $494.12 million average estimate based on seven analysts.
• Gross profit- Service Non-GAAP: $1.16 billion versus $1.16 billion estimated by seven analysts on average.
• Gross profit- Product: $492.4 million versus $485.44 million estimated by three analysts on average.
• Gross profit- Services: $1.15 billion versus the three-analyst average estimate of $1.15 billion.

View all Key Company Metrics for Fortinet here>>>

Shares of Fortinet have returned +5.1% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.