Fortinet (FTNT) Revenue — Quarter Ended Mar 31, 2026
Revenue for the quarter declined compared to the immediately preceding quarter but rose compared to the same quarter one year earlier. The filing context highlights growth in deferred revenue and billings relative to the prior-year period.
Key takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue for the quarter declined compared to the immediately preceding quarter but rose compared to the same quarter one year earlier. The filing context highlights growth in deferred revenue and billings relative to the prior-year period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.8B
Revenue reported for this quarter.
Quarter-over-quarter
-2.9%
Change from the immediately preceding quarter.
Year-over-year
+20.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2025 | $1.6B | +13.6% |
| Sep 30, 2025 | $1.7B | +14.4% |
| Dec 31, 2025 | $1.9B | +14.8% |
| Mar 31, 2026 | $1.8B | +20.1% |
Revenue performance
Sequential revenue decreased while year-over-year revenue increased. The growth in deferred revenue suggests a healthy backlog for future revenue recognition.
Quarterly comparison
Compared with the preceding quarter, revenue moved lower; versus the same quarter a year ago, revenue was higher. The sequential decline reverses the upward trend seen in prior quarters.
What to watch
Monitor changes in deferred revenue and billings as leading indicators of future revenue momentum.