Fortinet (FTNT) Set to Announce Quarterly Earnings on Wednesday

Posted by Stanley Muller on Oct 21st, 2026

Fortinet (NASDAQ:FTNT – Get Free Report) is projected to announce its Q3 2026 results after the market closes on Wednesday, October 28th. Analysts expect Fortinet to announce earnings of $0.86 per share and revenue of $2.06 billion for the quarter. Fortinet has set its FY 2026 guidance at 3.410-3.470 EPS and its Q3 2026 guidance at 0.830-0.870 EPS. Investors can check the company’s upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Wednesday, October 28, 2026 at 4:30 PM ET.

Fortinet (NASDAQ:FTNT – Get Free Report) last released its earnings results on Wednesday, July 29th. The software maker reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.15. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Fortinet had a net margin of 28.17% and a return on equity of 191.54%. Fortinet’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period last year, the business earned $0.64 EPS. On average, analysts expect Fortinet to post $3.10 EPS for the current fiscal year and $3.45 EPS for the next fiscal year.

Fortinet Price Performance

Shares of FTNT opened at $170.93 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.28 and a quick ratio of 1.19. The company’s fifty day moving average price is $169.65 and its 200-day moving average price is $144.56. Fortinet has a 1-year low of $73.55 and a 1-year high of $197.13. The firm has a market capitalization of $125.41 billion, a PE ratio of 60.19, a price-to-earnings-growth ratio of 3.20 and a beta of 1.03.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FTNT shares. Capital One Financial raised their target price on Fortinet from $150.00 to $185.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Citigroup increased their price target on shares of Fortinet from $165.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. TD Cowen restated a “buy” rating and set a $225.00 price target (up from $215.00) on shares of Fortinet in a research report on Tuesday, October 13th. UBS Group restated a “neutral” rating and set a $200.00 price target on shares of Fortinet in a research report on Thursday, October 15th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $163.00 price objective (up from $110.00) on shares of Fortinet in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $161.39.

Get Our Latest Research Report on Fortinet

Insiders Place Their Bets

In other news, COO John Whittle sold 2,835 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $168.74, for a total value of $478,377.90. Following the completion of the sale, the chief operating officer directly owned 96,987 shares in the company, valued at $16,365,586.38. This represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ken Xie sold 161,482 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $162.66, for a total transaction of $26,266,662.12. Following the completion of the sale, the chief executive officer owned 52,972,372 shares of the company’s stock, valued at approximately $8,616,486,029.52. The trade was a 0.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 221,303 shares of company stock valued at $36,164,034 in the last 90 days. 17.60% of the stock is owned by insiders.

About Fortinet

(Get Free Report)

Fortinet, Inc develops cybersecurity products and services designed to protect networks, endpoints, applications, cloud environments and operational technology systems. The company’s portfolio includes next-generation firewalls, secure networking products, endpoint security, web application security, email security, identity and access solutions, and security information and event management tools.

Its product offerings include FortiGate network security appliances and cloud-based firewalls, along with FortiSwitch, FortiAP and FortiExtender solutions for secure connectivity.