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# Fortinet Q3 revenue rises 20% to $2.08B as billings grow 29%
- URL: https://www.enterprisey.com/fortinet-q3-revenue-rises-20-to-2-08b-as-billings-grow-29/
- Published: 2026-10-29T02:14:02.000Z
- Updated: 2026-10-29T02:14:02.000Z
- Description: Fortinet's Q3 revenue rose 20% to $2,078.4M and billings grew 29%, but gross margin narrowed and shares dropped after hours.
- Author: Enterprisey Admin
- Tags: News, Earnings, Security

Fortinet's third-quarter revenue rose 20% to $2,078.4M, with product revenue up 37% to $765.0M. Billings grew 29% to $2,336.3M. ([Fortinet via Yahoo Finance](https://finance.yahoo.com/technology/articles/fortinet-reports-strong-third-quarter-200500343.html?ref=enterprisey.com))

Non-GAAP gross margin slipped to 79.6% from 81.6% a year earlier. Fortinet guided full-year 2026 revenue to $8.125B to $8.215B and billings to $9.568B to $9.718B. Shares dropped in after-hours trading. ([Fortinet via Yahoo Finance](https://finance.yahoo.com/technology/articles/fortinet-reports-strong-third-quarter-200500343.html?ref=enterprisey.com); [Investing.com](https://www.investing.com/news/transcripts/earnings-call-transcript-fortinet-beats-q3-2026-estimates-but-shares-plunge-93CH-4981034?ref=enterprisey.com))