Fortinet (FTNT) shares surged 9.46% in after-hours trading on Wednesday, following the release of the company's quarterly earnings report and bullish forward guidance that exceeded Wall Street expectations.

The cybersecurity firm provided third-quarter adjusted earnings per share guidance in the range of $0.83 to $0.87, significantly above the FactSet consensus estimate of $0.76. The upbeat outlook triggered a sharply positive market reaction, reversing the stock's intraday decline of over 3% earlier in the session.

The strong guidance comes amid surging demand for AI-related cybersecurity solutions, with Fortinet shares nearly doubling year-to-date. The company also recently announced a strategic collaboration with Intel to co-develop its SP6 security processor, combining Fortinet's security technology with Intel's design and manufacturing capabilities to strengthen supply chain resilience.