Fortinet Inc. reported its financial results for the fourth quarter (Q4) and full year (FY) ended December 31, 2025. The company posted free cash flow of USD 2.21 billion for the full year and announced it surpassed the 'Rule of 45' metric for the sixth consecutive year. For the first quarter of 2026, Fortinet provided guidance of revenue in the range of USD 1.70 billion to USD 1.76 billion, billings between USD 1.77 billion and USD 1.87 billion, and a non-GAAP gross margin in the range of 80.0% to 81.0%. The non-GAAP operating margin is expected to be between 30.0% and 32.0%, with diluted non-GAAP net income per share projected at USD 0.59 to USD 0.63, based on an assumed diluted share count of 746 million to 750 million and a non-GAAP effective tax rate of 18%. For the fiscal year 2026, Fortinet expects revenue in the range of USD 7.50 billion to USD 7.70 billion, service revenue between USD 5.05 billion and USD 5.15 billion, and billings in the range of USD 8.40 billion to USD 8.60 billion. The company anticipates a non-GAAP gross margin in the range of 79.0% to 81.0% and a non-GAAP operating margin between 33.0% and 36.0%. Fortinet highlighted strong demand across its portfolio in Q4, with billings above the high end of guidance. The company continues to accelerate investments in Unified SASE and Security Operations, while maintaining its leadership in Secure Networking. Fortinet also reported a 55% unit market share in firewalls, reinforcing its position as the leading provider in this segment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fortinet Inc. published the original content used to generate this news brief on February 05, 2026, and is solely responsible for the information contained therein.