Fortinet Q3 revenue rises 20% to $2.08B as billings grow 29%
Fortinet's Q3 revenue rose 20% to $2,078.4M and billings grew 29%, but gross margin narrowed and shares dropped after hours.
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)
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; Investing.com)