Fortinet (FTNT) Research & Development (2010 - 2026)
Fortinet (FTNT) posted quarterly Research & Development of $669.1 million for Q2 2026, up 13.02% year-over-year from $592.0 million in Q2 2025, and up 5.15% quarter-over-quarter from $636.3 million in Q1 2026.
Fortinet (FTNT) Research & Development (2010 - 2026) Analysis & Trends
Fortinet's Research & Development history runs 17 years deep, the most recent figure standing at $669.1 million for Q2 2026.
- In Q2 2026, Research & Development rose 13.02% year-over-year to $669.1 million; the TTM figure through Jun 2026 stood at $2.5 billion (up 15.67% YoY), while the FY2025 annual figure was $2.3 billion, up 14.8% from the prior year.
- Research & Development for Q2 2026 stood at $669.1 million, up from $636.3 million in the prior quarter.
- The five-year high for Research & Development was $669.1 million in Q2 2026, with the low at $387.6 million in Q1 2022.
- The 5-year median for Research & Development is $511.6 million (2023), against an average of $521.7 million.
- The sharpest annual moves came in 2022 and 2024: Research & Development advanced 27.5% in 2022, then decreased 2.83% in 2024.
- Fortinet's Research & Development stood at $455.9 million in 2022, then climbed by 11.3% to $507.4 million in 2023, then increased by 3.76% to $526.5 million in 2024, then increased by 19.53% to $629.3 million in 2025, then gained by 6.32% to $669.1 million in 2026.
- Business Quant data shows FTNT's Research & Development at $669.1 million in Q2 2026, $636.3 million in Q1 2026, and $629.3 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 10.00 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 4.01 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 339.50 Mn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 1.16 Bn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 669.10 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 276.12 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 396.38 Mn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 60.00 Mn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 664.96 Mn |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | 261.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 669.10 Mn |
| Mar 31, 2026 | 636.30 Mn |
| Dec 31, 2025 | 205.00 Mn |
| Sep 30, 2025 | 202.40 Mn |
| Jun 30, 2025 | 592.00 Mn |
| Mar 31, 2025 | 542.70 Mn |
| Dec 31, 2024 | 1.52 Bn |
| Sep 30, 2024 | 187.30 Mn |
| Jun 30, 2024 | 165.40 Mn |
| Mar 31, 2024 | 501.10 Mn |
| Dec 31, 2023 | 152.50 Mn |
| Sep 30, 2023 | 504.40 Mn |
| Jun 30, 2023 | 515.90 Mn |
| Mar 31, 2023 | 478.30 Mn |
| Dec 31, 2022 | 1.30 Bn |
| Sep 30, 2022 | 134.30 Mn |
| Jun 30, 2022 | 124.30 Mn |
| Mar 31, 2022 | 387.60 Mn |
| Dec 31, 2021 | 367.70 Mn |
| Sep 30, 2021 | 107.80 Mn |