Fortinet (FTNT) reported second-quarter 2026 revenue of $2.05 billion, up 26% year over year, with GAAP net income of $606.3 million and diluted GAAP earnings per share of $0.82.
The cybersecurity company said product revenue rose 52% year over year to $773 million, billings increased 33% to $2.37 billion, and GAAP operating margin was 34%. Fortinet also raised its 2026 revenue guidance to a range of $8.020 billion to $8.180 billion.
- Second-quarter revenue was $2.0479 billion, compared with $1.6300 billion a year earlier.
- GAAP net income was $606.3 million, compared with $440.1 million in the prior-year quarter.
- GAAP diluted EPS was $0.82, up from $0.57 a year earlier.
- Operating cash flow was $1.04 billion, and free cash flow was $966 million.
- Third-quarter 2026 revenue guidance is $2.010 billion to $2.100 billion.
$FTNT Insider Trading Activity
$FTNT insiders have traded $FTNT stock on the open market 32 times in the past 6 months. Of those trades, 0 have been purchases and 32 have been sales.
Here’s a breakdown of recent trading of $FTNT stock by insiders over the last 6 months:
- KEN XIE (PRESIDENT & CEO) has made 0 purchases and 15 sales selling 341,724 shares for an estimated $38,169,540.
- MICHAEL XIE (VP, ENGINEERING & CTO) has made 0 purchases and 12 sales selling 349,491 shares for an estimated $28,727,757.
- CHRISTIANE OHLGART (Chief Financial Officer) has made 0 purchases and 5 sales selling 2,335 shares for an estimated $243,421.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$FTNT Hedge Fund Activity
We have seen 669 institutional investors add shares of $FTNT stock to their portfolio, and 636 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 4,500,194 shares (+87.4%) to their portfolio in Q1 2026, for an estimated $363,660,677
- AQR CAPITAL MANAGEMENT LLC added 3,662,929 shares (+89.1%) to their portfolio in Q1 2026, for an estimated $296,001,292
- FIRST TRUST ADVISORS LP added 3,598,487 shares (+45.5%) to their portfolio in Q1 2026, for an estimated $290,793,734
- PRICE T ROWE ASSOCIATES INC /MD/ removed 2,839,220 shares (-68.4%) from their portfolio in Q1 2026, for an estimated $229,437,368
- WORLDQUANT MILLENNIUM ADVISORS LLC removed 1,578,925 shares (-99.8%) from their portfolio in Q1 2026, for an estimated $127,592,929
- SARASIN & PARTNERS LLP removed 1,466,544 shares (-96.6%) from their portfolio in Q2 2026, for an estimated $225,290,489
- MONTRUSCO BOLTON INVESTMENTS INC. removed 1,228,784 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $99,298,035
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$FTNT Congressional Stock Trading
Members of Congress have traded $FTNT stock 4 times in the past 6 months. Of those trades, 2 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $FTNT stock by members of Congress over the last 6 months:
- REPRESENTATIVE DAN NEWHOUSE sold up to $15,000 on 07/10.
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 1 purchase worth up to $15,000 on 03/13 and 1 sale worth up to $15,000 on 04/14.
- SENATOR ALAN ARMSTRONG purchased up to $15,000 on 03/27.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
