Fortinet reports 29% net income margin for Q1 2026, while CrowdStrike lags at 5% despite $500 million buyback plan.
Fortinet (NASDAQ:FTNT) posted a 29% net income margin for the quarter ended March 31, 2026, driven by sales of cybersecurity hardware and subscriptions. The company expanded its firewall lineup but faced shareholder legal scrutiny amid sequential volatility in revenue trends.
CrowdStrike (NASDAQ:CRWD) reported a 5% net income margin for the quarter ended January 31, 2026, alongside a $500 million share repurchase increase and a 5% workforce reduction. The cloud-based security firm relies on subscription services for endpoints and identity protection, contrasting Fortinet’s hardware-centric model.
While Fortinet’s total sales exceed CrowdStrike’s, both companies show year-over-year revenue growth, signaling resilience in the cybersecurity sector. Investors track these metrics to gauge baseline growth trajectories and operational efficiency.