Fortinet (FTNT) Capital Expenditures (2010 - 2026)
Fortinet (FTNT) posted quarterly Capital Expenditures of $78.0 million for Q2 2026, down 40.23% year-over-year from $130.5 million in Q2 2025, and up 10.48% quarter-over-quarter from $70.6 million in Q1 2026.
Analysis
Fortinet (FTNT) Capital Expenditures (2010 - 2026) Analysis & Trends
Fortinet's Capital Expenditures history runs 17 years deep, the most recent figure standing at $78.0 million for Q2 2026.
- In Q2 2026, Capital Expenditures fell 40.23% year-over-year to $78.0 million; the TTM figure through Jun 2026 stood at $262.2 million (down 20.76% YoY), while the FY2025 annual figure was $364.8 million, down 3.72% from the prior year.
- Capital Expenditures for Q2 2026 stood at $78.0 million, up from $70.6 million in the prior quarter.
- The five-year high for Capital Expenditures was $221.9 million in Q1 2024, with the low at $23.1 million in Q2 2024.
- The 5-year median for Capital Expenditures is $59.2 million (2023), against an average of $70.5 million.
- The sharpest annual moves came in 2022 and 2024: Capital Expenditures sank 79.58% in 2022, then jumped 632.34% in 2024.
- Fortinet's Capital Expenditures stood at $30.9 million in 2022, then retreated by 12.94% to $26.9 million in 2023, then soared by 262.83% to $97.6 million in 2024, then sank by 56.15% to $42.8 million in 2025, then jumped by 82.24% to $78.0 million in 2026.
- Business Quant data shows FTNT's Capital Expenditures at $78.0 million in Q2 2026, $70.6 million in Q1 2026, and $42.8 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,718.29 Bn | 3,585.54 Bn | 60.48 Bn | 35.80 Bn |
| 2 | Oracle | 452.14 Bn | 420.24 Bn | - | 16.49 Bn |
| 3 | Palantir Technologies | 418.25 Bn | 408.84 Bn | 1.64 Bn | 14.55 Mn |
| 4 | Palo Alto Networks | 265.90 Bn | 262.79 Bn | 2.03 Bn | 83.00 Mn |
| 5 | CrowdStrike Holdings | 217.15 Bn | 212.14 Bn | 1.10 Bn | 124.41 Mn |
| 6 | Fortinet | 114.54 Bn | 110.47 Bn | 1.64 Bn | 78.00 Mn |
| 7 | Cloudflare | 98.54 Bn | 94.37 Bn | 499.52 Mn | 49.96 Mn |
| 8 | Synopsys | 75.44 Bn | 71.83 Bn | 1.80 Bn | - |
| 9 | Block | 49.56 Bn | 43.13 Bn | 3.17 Bn | 8.58 Bn |
| 10 | CoreWeave | 49.23 Bn | 43.69 Bn | 1.70 Bn | 6.42 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 78.00 Mn |
| Mar 31, 2026 | 70.60 Mn |
| Dec 31, 2025 | 42.80 Mn |
| Sep 30, 2025 | 70.80 Mn |
| Jun 30, 2025 | 130.50 Mn |
| Mar 31, 2025 | 66.50 Mn |
| Dec 31, 2024 | 97.60 Mn |
| Sep 30, 2024 | 36.30 Mn |
| Jun 30, 2024 | 23.10 Mn |
| Mar 31, 2024 | 221.90 Mn |
| Dec 31, 2023 | 26.90 Mn |
| Sep 30, 2023 | 41.30 Mn |
| Jun 30, 2023 | 51.90 Mn |
| Mar 31, 2023 | 30.30 Mn |
| Dec 31, 2022 | 30.90 Mn |
| Sep 30, 2022 | 87.80 Mn |
| Jun 30, 2022 | 39.90 Mn |
| Mar 31, 2022 | 122.60 Mn |
| Dec 31, 2021 | 151.30 Mn |
| Sep 30, 2021 | 37.70 Mn |