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Billings
Reflects the total value of invoices sent to customers, indicating sales momentum and future revenue potential for Fortinet.Billings have reaccelerated to multi‑year highs, reflecting broad-based contract demand—AI infrastructure, OT, unified SASE and larger enterprise deals—which justifies management’s raised guidance and signals durable ARR/revenue upside. That said, billings are a leading indicator: watch H2 conversion of deferred/service billings (management flagged a services conversion lag) and possible timing noise from supply‑chain/pull‑forward activity and component cost-driven pricing; if conversion normalizes, revenue and margins should follow, but near‑term cadence could be lumpy.
Date | Billings |
|---|---|
Jun 30, 2026 | $2.37B |
Mar 31, 2026 | $2.09B |
Dec 31, 2025 | $2.37B |
Sep 30, 2025 | $1.81B |
Jun 30, 2025 | $1.78B |
Mar 31, 2025 | $1.60B |
Dec 31, 2024 | $2.00B |
Sep 30, 2024 | $1.58B |
Jun 30, 2024 | $1.54B |
Mar 31, 2024 | $1.41B |