Fortinet Inc. (FTNT) shares climbed in after-hours trading Thursday after the cybersecurity company delivered a quarter that checked all the boxes investors wanted to see.

The Numbers That Matter

Fortinet posted earnings of 81 cents per share for the fourth quarter, handily beating analyst expectations of 74 cents. Revenue came in at $1.91 billion, topping the $1.86 billion consensus.

But the real story was in the operational details. Product revenue jumped 20% year-over-year to $691 million, while total billings grew 18% to $2.37 billion. The company's unified SASE platform saw particularly strong traction with billings up 40%, signaling customers are hungry for integrated security solutions. Non-GAAP operating margin held steady at a healthy 37%.

"We are pleased with our strong finish to the year, highlighted by an excellent fourth quarter driven by broad-based demand across our portfolio, which drove billings above the high end of our guidance," said Ken Xie, CEO of Fortinet.

Looking Ahead

For fiscal 2026, Fortinet expects adjusted earnings between $2.94 and $3.00 per share, essentially in line with the $2.94 analyst estimate. Revenue guidance of $7.5 billion to $7.7 billion brackets the Street's $7.51 billion forecast.

The stock rose 2.69% to $81.62 in extended trading as investors digested the beat-and-raise quarter.