Fortinet (FTNT) Inventory (2010 - 2026)
Fortinet (FTNT) recorded quarterly Inventory of $369.6 million in Q1 2026, down 7.48% quarter-over-quarter from $399.5 million in Q4 2025, and up 1.9% on a YoY basis from $362.7 million in Q1 2025.
Fortinet (FTNT) Inventory (2010 - 2026) Analysis & Trends
Fortinet's Inventory history runs 17 years deep, the most recent figure standing at $369.6 million for Q1 2026.
- In Q1 2026, Inventory rose 1.9% year-over-year to $369.6 million; the TTM figure through Mar 2026 stood at $369.6 million (up 1.9% YoY), while the FY2025 annual figure was $399.5 million, up 26.62% from the prior year.
- Inventory was $369.6 million for Q1 2026 at Fortinet, down from $399.5 million in the prior quarter.
- In the past five years, Inventory ranged from a high of $484.8 million in Q4 2023 to a low of $184.6 million in Q1 2022.
- Historically, Inventory has averaged $349.9 million across 5 years, with a median of $369.6 million in 2026.
- The sharpest annual moves came in 2023 and 2024: Inventory soared 116.64% in 2023, then sank 34.92% in 2024.
- A 5-year view of Inventory shows it stood at $264.6 million in 2022, then surged by 83.22% to $484.8 million in 2023, then tumbled by 34.92% to $315.5 million in 2024, then grew by 26.62% to $399.5 million in 2025, then fell by 7.48% to $369.6 million in 2026.
- The last three Inventory figures came in at $369.6 million (Q1 2026), $399.5 million (Q4 2025), and $426.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,064.95 Bn | 2,986.68 Bn | 56.06 Bn | 1.22 Bn |
| 2 | Alarum Technologies | 1,117.04 Bn | 1,102.89 Bn | 7.23 Mn | - |
| 3 | Oracle | 608.54 Bn | 569.96 Bn | 15.14 Bn | - |
| 4 | Palantir Technologies | 326.97 Bn | 319.05 Bn | 1.42 Bn | - |
| 5 | Palo Alto Networks | 185.10 Bn | 180.56 Bn | 1.91 Bn | - |
| 6 | CrowdStrike Holdings | 165.31 Bn | 162.25 Bn | 993.68 Mn | - |
| 7 | Fortinet | 105.66 Bn | 102.37 Bn | 1.49 Bn | 369.60 Mn |
| 8 | Synopsys | 89.71 Bn | 89.60 Bn | 1.77 Bn | 393.22 Mn |
| 9 | Cloudflare | 87.54 Bn | 86.60 Bn | 455.60 Mn | - |
| 10 | CoreWeave | 53.90 Bn | 51.63 Bn | 2.01 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 369.60 Mn |
| Dec 31, 2025 | 399.50 Mn |
| Sep 30, 2025 | 426.60 Mn |
| Jun 30, 2025 | 405.20 Mn |
| Mar 31, 2025 | 362.70 Mn |
| Dec 31, 2024 | 315.50 Mn |
| Sep 30, 2024 | 354.30 Mn |
| Jun 30, 2024 | 383.20 Mn |
| Mar 31, 2024 | 439.50 Mn |
| Dec 31, 2023 | 484.80 Mn |
| Sep 30, 2023 | 467.50 Mn |
| Jun 30, 2023 | 376.30 Mn |
| Mar 31, 2023 | 302.70 Mn |
| Dec 31, 2022 | 264.60 Mn |
| Sep 30, 2022 | 215.80 Mn |
| Jun 30, 2022 | 195.20 Mn |
| Mar 31, 2022 | 184.60 Mn |
| Dec 31, 2021 | 175.80 Mn |
| Sep 30, 2021 | 177.90 Mn |
| Jun 30, 2021 | 149.80 Mn |