Fortinet (FTNT) Change in Inventory (2010 - 2026)
Fortinet (FTNT) posted Change in Inventory of $61.6 million for Q2 2026, up 361.02% on a QoQ basis from -$23.6 million in Q1 2026, and up 35.38% year-over-year from $45.5 million in Q2 2025.
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Analysis
Fortinet (FTNT) Change in Inventory (2010 - 2026) Analysis & Trends
Fortinet has reported Change in Inventory for 17 years, with the latest figure at $61.6 million in Q2 2026.
- On a quarterly basis, Change in Inventory rose 35.38% year-over-year to $61.6 million in Q2 2026; TTM through Jun 2026 was $49.0 million, a 45.83% increase from a year earlier, with the FY2025 full-year figure at $90.6 million, up 169.05% from the prior year.
- Change in Inventory was $61.6 million for Q2 2026 at Fortinet, up from -$23.6 million in the prior quarter.
- The five-year high for Change in Inventory was $100.8 million in Q3 2023, with the low at -$48.7 million in Q2 2024.
- Average Change in Inventory over 5 years is $20.0 million, with a median of $25.5 million recorded in 2022.
- The sharpest annual moves came in 2022 and 2024: Change in Inventory jumped 49500.0% in 2022, then plunged 216.89% in 2024.
- Over 5 years, Change in Inventory stood at $49.4 million in 2022, then sank by 54.45% to $22.5 million in 2023, then slumped by 216.89% to -$26.3 million in 2024, then increased by 29.66% to -$18.5 million in 2025, then surged by 432.97% to $61.6 million in 2026.
- The last three Change in Inventory figures came in at $61.6 million (Q2 2026), -$23.6 million (Q1 2026), and -$18.5 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | - |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | 61.60 Mn |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | - |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | - |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 80.39 Mn |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | - |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | - |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 61.60 Mn |
| Mar 31, 2026 | -23.60 Mn |
| Dec 31, 2025 | -18.50 Mn |
| Sep 30, 2025 | 29.50 Mn |
| Jun 30, 2025 | 45.50 Mn |
| Mar 31, 2025 | 34.10 Mn |
| Dec 31, 2024 | -26.30 Mn |
| Sep 30, 2024 | -19.70 Mn |
| Jun 30, 2024 | -48.70 Mn |
| Mar 31, 2024 | -36.50 Mn |
| Dec 31, 2023 | 22.50 Mn |
| Sep 30, 2023 | 100.80 Mn |
| Jun 30, 2023 | 84.90 Mn |
| Mar 31, 2023 | 45.30 Mn |
| Dec 31, 2022 | 49.40 Mn |
| Sep 30, 2022 | 28.50 Mn |
| Jun 30, 2022 | 17.70 Mn |
| Mar 31, 2022 | 13.50 Mn |
| Dec 31, 2021 | -100,000.00 |
| Sep 30, 2021 | -600,000.00 |
API Access
Fortinet Change in Inventory API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-inventory&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-inventory", "ticker": "FTNT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-inventory&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();