Fortinet (FTNT) Tops Q4 EPS by 7c, Beats on Revenue; Offers FY26 Revenue Guidance

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Fortinet Reports Strong Fourth Quarter and Full Year 2025 Financial Results

February 5, 2026 4:05 PM EST

Fourth Quarter 2025 Highlights

Revenue grew 15% year over year to $1.91 billionProduct revenue grew 20% year over year to $691 millionBillings grew 18% to $2.37 billion1Unified SASE billings grew 40%GAAP operating margin of 33% Non-GAAP operating margin of 37%1

Full Year 2025 Highlights

Revenue grew 14% year over year to $6.80 billionProduct revenue grew 16% year over year to $2.22 billionBillings grew 16% to $7.55 billion1Unified SASE & SecOps billings grew... More