Fortinet is trading 10.7% up at $169.65 following a robust second-quarter earnings report that exceeded analyst expectations across all key metrics.

  • Revenue grew 26% to $2.05 billion, supported by a 33% surge in billings and a 52% jump in product revenue.
  • Management raised its full-year 2026 revenue outlook to $8.02B–$8.18B, citing accelerating firewall refresh cycles and increased demand for AI-driven security solutions.