04:56 AM EDT, 05/07/2026 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

Fortinet's (FTNT) shares were up over 12% in Thursday's premarket activity after the company overnight reported a stronger-than-expected jump in Q1 earnings and sales, while raising its guidance for the full year 2026.

The company reported Q1 non-GAAP net income late Wednesday of $0.82 per diluted share, up from $0.58 a year earlier.

Analysts surveyed by FactSet expected $0.62.

Revenue for the quarter ended March 31 was $1.85 billion, up from $1.54 billion a year earlier.

Analysts polled by FactSet expected $1.73 billion.

The company said it expects Q2 non-GAAP EPS of $0.72 to $0.76 and revenue of $1.83 billion to $1.93 billion.

Analysts expect $0.69 and $1.82 billion.

For the full year 2026, Fortinet said it now expects non-GAAP EPS of $3.10 to $3.16, compared with $2.94 to $3.00 previously, and revenue of 7.71 billion to $7.87 billion versus $7.50 billion and $7.70 billion previously.

Analysts expect $2.98 and $7.60 billion.

Price: 101.00, Change: +11.05, Percent Change: +12.28