What is Fortinet's expected EPS for Q2 2026?

Analysts expect Fortinet (FTNT) to report consensus EPS of approximately $0.75 for Q2 2026. Estimates range from $0.72 to $0.80.

What revenue do analysts expect for Fortinet in Q2 2026?

The consensus revenue forecast for Fortinet (FTNT) in Q2 2026 is approximately $1.89B. Forecasts range from $1.85B to $1.94B.

How many analysts cover Fortinet?

25 analysts contribute to the Fortinet (FTNT) Q2 2026 consensus estimate.

Has Fortinet beaten earnings estimates recently?

Fortinet beat analyst EPS estimates in 1 of the last 1 quarter. Fortinet beat revenue estimates in 1 of 1. In the most recent quarter (Q1 2026), Fortinet EPS beat by 32.5% and revenue beat by 6.7%.

When does Fortinet report Q2 2026 earnings?

Fortinet (FTNT) is expected to report Q2 2026 earnings on July 29, 2026 after market close.

FTNT Q2 2026 earnings estimate

Consensus EPS · Q2 2026

$0.75

Consensus revenue · Q2 2026

$1.9B

Analysts

Expected report

Jul 29, 2026

After close

Upcoming earnings

Locks in 5 days 21 hours · AMC: Locks at 4:00 PM ET on report day

Revenue$1.9B$1.8B – $1.9B

EPS$0.75$0.72 – $0.80

What to watch

Analyst ratings: Mixed

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Analyst consensus

Based on estimates from 25 analysts.

Metric	Low	Consensus	High
Revenue	$1.8B	$1.9B	$1.9B
EPS	$0.72	$0.75	$0.80
EBITDA	$976M	$991.8M	$1B
EBIT	$942M	$957.3M	$977.7M
Net income	$539.3M	$554.1M	$591M

Revenue$1.9B
EPS$0.75
EBITDA$991.8M
EBIT$957.3M
Net income$554.1M

Historical beat/miss

Actual reported results vs. analyst consensus at the time. Positive = beat, negative = miss.

Period	Rev. actual	Rev. est.	Rev. surprise	EPS actual	EPS est.	EPS surprise
Q1 2026	$1.8B	$1.7B	+6.7%	$0.82	$0.62	+32.5%

Q1 2026+6.7%+32.5%

Estimate revisions

How analyst consensus estimates have changed over the past 90 days.

Collecting data

Revision trends appear once we have collected at least two daily snapshots for this period.

Community vs analysts

See how the TickerLeague crowd's forecast stacks up against Wall Street.

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No community consensus for Fortinet (FTNT) Q2 2026 yet. Make a prediction to start the crowd forecast.

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Analyst price target

Based on price targets from 9 analysts.

Low: $80.00
Consensus: $116.24
Median: $104.00
High: $186.00
Current: $155.05
Upside: -25.0%

Upside calculated vs most recent trading price of $155.05.

Consensus across all covering analysts. See the ranking ›

$116.24-25.03%

Analyst ratings

Consensus: Hold — based on 68 analyst ratings.

Buy 29Hold 33Sell 6

24-month trend

Recent analyst actions

Date	Firm	Action	From	To
Jul 21, 2026	Truist Securities	maintain	Buy	Buy
Jul 21, 2026	Morgan Stanley	upgrade	Underweight	Equal Weight
Jul 20, 2026	Wells Fargo	maintain	Underweight	Underweight
Jul 15, 2026	Mizuho	maintain	Underperform	Underperform
Jul 13, 2026	TD Cowen	maintain	Buy	Buy
Jul 13, 2026	Barclays	maintain	Equal Weight	Equal Weight
Jul 10, 2026	BTIG	maintain	Buy	Buy
Jun 30, 2026	HSBC	downgrade	Hold	Reduce
Jun 12, 2026	Barclays	maintain	Equal Weight	Equal Weight
Jun 8, 2026	TD Cowen	maintain	Buy	Buy

Jul 21, 2026Truist SecuritiesBuy
Jul 21, 2026Morgan StanleyEqual Weight
Jul 20, 2026Wells FargoUnderweight
Jul 15, 2026MizuhoUnderperform
Jul 13, 2026TD CowenBuy
Jul 13, 2026BarclaysEqual Weight
Jul 10, 2026BTIGBuy
Jun 30, 2026HSBCReduce
Jun 12, 2026BarclaysEqual Weight
Jun 8, 2026TD CowenBuy

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