Fortinet Product Revenue Surges 41% on AI Data Center Demand
Fortinet reported product revenue growth of 41% year-over-year, driven by AI data center deployments, and issued 2026 billings guidance of $8.8–$9.1 billion.
Fortinet reported product revenue growth of 41% year-over-year, driven by deployments in AI data centers and what the company described as a differentiated ecosystem [1]. The cybersecurity vendor beat estimates on both revenue and earnings, with growth reaccelerating after an inventory digestion period [1].
The company issued 2026 guidance calling for billings of $8.8–$9.1 billion, gross margins of 79%–81%, and earnings per share of $3.1–$3.16 [1]. The midpoint of the billings range represents 13.4% year-over-year growth [1]. Management attributed the product-revenue surge to market-share gains in the high-growth cybersecurity sector, particularly in protecting AI workloads [1].
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