Fortinet reported 13% sales growth during a transitional year, solidifying its position as a leader in firewalls while boosting Unified SASE revenue by 40%.
Strong Financial Performance
On February 5, Fortinet (FTNT) released its annual results. Product revenue growth outpaced services, yet the company maintained robust margins. Working capital improved significantly, with free cash flow per share rising 19.6% and inventory days dropping to 98.
Guidance and Future Prospects
Looking ahead, Fortinet projects 11% growth in service revenue and non-GAAP EPS between $2.94 and $3.00. Analysts anticipate acceleration in 2026, driven by rising product sales that will fuel future services expansion.
