On July 30, Fortinet rose 10.35% in pre-market trading, trading at $168.5/share, with Turnover of $220,600. The surge was driven by the company's after-hours release of Q2 financial results that broadly exceeded market expectations, accompanied by a substantial upward revision to full-year guidance.

Specifically, Fortinet reported Q2 adjusted EPS of $0.90, far surpassing the consensus estimate of $0.75. Quarterly revenue reached $2.048 billion, representing 26% year-over-year growth and significantly beating the $1.889 billion estimate. The company guided Q3 revenue midpoint at approximately $2.06 billion, above the Street's $1.95 billion expectation, with Q3 adjusted EPS expected at $0.83-$0.87 versus the $0.76 consensus. Full-year revenue guidance was raised to $8.02-$8.18 billion, implying 19% growth at the midpoint, with full-year adjusted EPS of $3.41-$3.47.

CEO Ken Xie attributed the strong performance to differentiated value from AI-era innovation. The company recently partnered with Intel to co-develop its SP6 security processor, with AI-driven cybersecurity demand continuing to fuel growth momentum.

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