NewsSignals AI analysis·WallstreetCN·Oct 28, 2026

Fortinet Q3 Revenue $2.08B vs. $2.07B Expected; FTNT Shares Plunge 22.5% After-hours

Grade Abearish AI signal$FTNTSTOCK

Fortinet (FTNT) shares plunged 22.5% in after-hours U.S. trading after the company reported third-quarter results and updated guidance. Third-quarter revenue was $2.08 billion, above the $2.07 billion analyst estimate. Billings were $2.34 billion versus expectations of $2.30 billion, while adjusted EPS was $0.91 compared with the $0.86 estimate. The market focus was Fortinet's full-year services revenue outlook of $5.15 billion-$5.17 billion, below the $5.20 billion analyst estimate. The company raised its full-year revenue forecast to $8.13 billion-$8.22 billion from its prior $8.02 billion-$8.18 billion range, and lifted full-year billings guidance to $9.57 billion-$9.72 billion from $9.35 billion-$9.55 billion. Fortinet forecast fourth-quarter revenue of $2.16 billion-$2.25 billion, versus a $2.17 billion analyst estimate. Its full-year adjusted gross-margin outlook is 79.7%-80.3%, compared with prior guidance of 79%-81%.

Bullish strength: 39/100

Revenue, Billings, and EPS all beat market expectations
Full-year revenue and Billings guidance raised

Bearish strength: 61/100

Full-year services revenue guidance below analyst expectations
Stock plunges 22.5% after hours, triggering a strong market reaction

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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