# Fortinet Raises Revenue Outlook After Quarterly Sales Grow 20%

The cybersecurity company reported $2.08 billion in revenue and expanded its share repurchase authorization.

By Will Langan | 24X7 News
Published: 2026-10-28T22:02:30.465Z
Updated: 2026-10-28T22:02:30.465Z
Section: Technology
Format: News
Canonical: https://24x7news.us/articles/fortinet-third-quarter-results-october-28-2026

Fortinet raised its full-year revenue outlook October 28 after reporting third-quarter sales of $2.08 billion, up 20% from a year earlier.

Product revenue increased 37% to $765 million. The company reported earnings of 86 cents per share under generally accepted accounting principles and adjusted earnings of 91 cents. Its GAAP operating margin was 34%, compared with an adjusted margin of 38%.

The results cover the quarter ended September 30, 2026. Operating cash flow reached $946 million, and supplemental free cash flow was approximately $865 million, according to the company's announcement.

Fortinet now projects 2026 revenue of $8.125 billion to $8.215 billion. For the fourth quarter, it expects revenue of $2.155 billion to $2.245 billion. These ranges are management forecasts.

The company also increased its share repurchase authorization by $1.2 billion, leaving $2 billion authorized. An authorization permits future purchases; it does not mean the entire amount has already been spent.

Adjusted earnings and margins exclude specified expenses and other items and supplement the standard accounting results.

Sources
Fortinet quarterly results: https://investor.fortinet.com/news-releases/news-release-details/fortinet-reports-strong-third-quarter-2026-financial-results

## Sources
- Fortinet investor relations: https://investor.fortinet.com/news-releases/news-release-details/fortinet-reports-strong-third-quarter-2026-financial-results