Fortinet (FTNT) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

For the quarter ended December 2025, Fortinet (FTNT) reported revenue of $1.91 billion, up 14.8% over the same period last year. EPS came in at $0.81, compared to $0.74 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.86 billion, representing a surprise of +2.54%. The company delivered an EPS surprise of +9.86%, with the consensus EPS estimate being $0.74.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how Fortinet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:Total billings (Non-GAAP): $2.37 billion versus $2.24 billion estimated by 10 analysts on average.Geographic revenues- Americas: $731.3 million compared to the $740.08 million average estimate based on two analysts. The reported number represents a change of +9.8% year over year.Revenue- Asia Pacific and Japan: $348.6 million versus $353.88 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +15.5% change.Revenue- Europe Middle East and Africa: $825.1 million versus $761.61 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +19.2% change.Revenue- Services: $1.21 billion compared to the $1.22 billion average estimate based on 13 analysts. The reported number represents a change of +11.8% year over year.Revenue- Product: $691.1 million versus the 13-analyst average estimate of $638.84 million. The reported number represents a year-over-year change of +20.4%.Revenue- Services- Security subscription: $693.7 million versus $689.7 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +10.9% change.Revenue- Services- Technical support and other: $520.2 million versus the two-analyst average estimate of $525.7 million. The reported number represents a year-over-year change of +12.9%.Gross profit- Product Non-GAAP: $463.5 million versus the 10-analyst average estimate of $413.23 million.Gross profit- Service Non-GAAP: $1.07 billion versus $1.06 billion estimated by 10 analysts on average.Gross profit- Product: $462.2 million versus $403.14 million estimated by four analysts on average.Gross profit- Services: $1.05 billion versus $1.05 billion estimated by four analysts on average.View all Key Company Metrics for Fortinet here>>>Shares of Fortinet have returned +1.4% over the past month versus the Zacks S&P 500 composite's +0.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fortinet, Inc. (FTNT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks