Earnings summaries and quarterly performance for Fortinet.
Executive leadership at Fortinet.
Board of directors at Fortinet.
Research analysts who have asked questions during Fortinet earnings calls.
BE
Brian Essex
JPMorgan Chase & Co.
6 questions for FTNT
Also covers: CHKP, CLBT, CRWD +16 more
GB
Gabriela Borges
Goldman Sachs
6 questions for FTNT
Also covers: AVPT, BIGC, BRZE +20 more
Saket Kalia
Barclays Capital
6 questions for FTNT
Also covers: ADBE, ADSK, ALRM +24 more
SE
Shaul Eyal
TD Cowen
6 questions for FTNT
Also covers: ALLT, CGNT, CHKP +14 more
Junaid Siddiqui
Truist Securities
5 questions for FTNT
Also covers: CHKP, CVLT, CYBR +8 more
SK
Shrenik Kothari
Robert W. Baird & Co.
5 questions for FTNT
Also covers: CHKP, ESTC, FROG +11 more
Tal Liani
Bank of America
5 questions for FTNT
Also covers: ANET, CHKP, CIEN +11 more
Fatima Boolani
Citi
4 questions for FTNT
Also covers: AKAM, AVPT, CHKP +16 more
PC
Patrick Colville
Scotiabank
4 questions for FTNT
Also covers: AKAM, CHKP, CRWD +16 more
BZ
Brad Zelnick
Credit Suisse
3 questions for FTNT
Also covers: ADBE, CFLT, CHKP +20 more
Eric Heath
KeyBanc Capital Markets
3 questions for FTNT
Also covers: CFLT, CRWD, CVLT +9 more
Gray Powell
BTIG
3 questions for FTNT
Also covers: ATEN, DDOG, GTLB +9 more
IK
Ittai Kidron
Oppenheimer & Company
3 questions for FTNT
Also covers: BASE, BLZE, CFLT +13 more
RO
Robbie Owens
Piper Sandler
3 questions for FTNT
Also covers: BJ, CHKP, CYBR +12 more
Rob Owens
Piper Sandler Companies
3 questions for FTNT
Also covers: CFLT, CHKP, CRWD +11 more
AB
Adam Borg
Stifel Financial Corp.
2 questions for FTNT
Also covers: ADSK, CRWD, CYBR +7 more
Joseph Gallo
Jefferies & Company Inc.
2 questions for FTNT
Also covers: AVPT, CHKP, CRWD +11 more
Keith Bachman
BMO Capital Markets
2 questions for FTNT
Also covers: ACN, ADBE, CHKP +16 more
Meta Marshall
Morgan Stanley
2 questions for FTNT
Also covers: ANET, AXON, BAND +30 more
Andrew Nowinski
Wells Fargo
1 question for FTNT
Also covers: CHKP, CRWD, CYBR +14 more
Catharine Trebnick
Rosenblatt Securities
1 question for FTNT
Also covers: CXM, EGHT, FIVN +4 more
HF
Hamza Fodderwala
Morgan Stanley
1 question for FTNT
Also covers: CHKP, CRWD, CYBR +10 more
JA
Joe Andrew
Scotiabank
1 question for FTNT
Keith Weiss
Morgan Stanley
1 question for FTNT
Also covers: ADBE, APPN, BILL +19 more
MS
Max S.
Stifel Financial Corp.
1 question for FTNT
Tomer Zilberman
Bank of America
1 question for FTNT
Also covers: CLBT, FFIV, GEN +2 more
Recent press releases and 8-K filings for FTNT.
Fortinet announces joint Secure AI Data Center solution with Arista Networks
FTNT
Product Launch
- Fortinet and Arista Networks introduced the Secure AI Data Center solution, a validated, scalable, zero-trust architecture for AI data centers.
- The multivendor design offers zero-touch provisioning enabling deployments up to 80% faster, hyperscale-grade performance for AI training and inference, and an open, modular architecture to eliminate vendor lock-in.
- By offloading HTTPS/TLS to Fortinet’s ASIC, the solution delivers up to 33× performance with sub-single-microsecond latency, freeing server CPUs for AI workloads.
- Monolithic Power Systems has deployed the joint solution to secure and scale its global AI infrastructure, showcasing integration of Fortinet’s security fabric with Arista’s ultra-low-latency networking.
7 days ago
Fortinet Integrates FortiGate VM with NVIDIA BlueField-3 DPU for AI Factory Acceleration
FTNT
Product Launch
- Fortinet has embedded FortiGate VM on NVIDIA’s BlueField-3 DPU, offloading firewalling, segmentation and zero-trust controls from the host CPU to the DPU to boost throughput and reduce latency in AI and private-cloud environments.
- The integration leverages FortiOS 7.6.3 and allows security functions to run directly on the data-center infrastructure, delivering zero-impact inspection and simplified policy enforcement across multitenant architectures.
- Targeted at cloud service providers, telco edge and enterprise private clouds, the solution supports hardware-accelerated inspection, secure isolation and service chaining at scale.
Dec 16, 2025, 2:00 PM
Fortinet reports strong Q3 growth, narrows FY25 revenue guidance
FTNT
Earnings
Guidance Update
Product Launch
- Fortinet’s Q3 2025 revenue reached $1.72 billion, up 14% year-over-year, with a record operating margin of 37%.
- Product revenue rose 18% to $559.3 million, reflecting strong demand for integrated cybersecurity offerings.
- AI-driven solutions saw over 100% billings growth for FortiSASE and 33% growth in the SecOp pillar, underscoring momentum in security operations and SASE.
- The company narrowed Q4 FY25 revenue guidance to $1.83 billion–$1.89 billion, slightly below Street estimates, prompting a nearly 12% drop in after-hours trading.
- Fortinet launched its Secure AI Data Center solution, delivering enhanced energy efficiency and high-capacity connectivity for AI workloads.
Nov 6, 2025, 10:11 AM
Fortinet reports Q3 2025 results
FTNT
Earnings
Guidance Update
Share Buyback
- Total billings increased 14% year-over-year to $1.81 billion and revenue rose 14% to $1.72 billion, driven by unified SaaS billings growing 19% (with Fortinet SaaS up over 100%), while unified SaaS and SecOps represented 26% and 11% of total billings respectively.
- Non-GAAP gross margin was 81.6% and operating margin reached a third-quarter record of 36.9%, with free cash flow of $568 million ($1.63 billion YTD) and adjusted free cash flow of $646 million (37% margin); the company repurchased 23.3 million shares for $1.83 billion in Q3.
- Q4 2025 guidance: billings of $2.185 billion–$2.285 billion, revenue of $1.825 billion–$1.885 billion; FY 2025 guidance: billings of $7.37 billion–$7.47 billion and revenue of $6.72 billion–$6.78 billion.
Nov 5, 2025, 9:30 PM
Fortinet reports Q3 2025 earnings and raises guidance
FTNT
Earnings
Guidance Update
Share Buyback
- Fortinet reported Q3 billings of $1.81 billion (+14%) and revenue of $1.72 billion (+14%), with a record non-GAAP operating margin of 36.9%.
- Unified SaaS billings rose 19%, securing ARR of $1.22 billion (+13%), while SecOps billings grew 33%, accounting for 26% and 11% of total billings, respectively.
- Q3 free cash flow reached $568 million, enabling repurchase of 23.3 million shares for $1.83 billion, with $796 million remaining under the share buyback authorization.
- Q4 guidance: billings of $2.185–$2.285 billion and revenue of $1.825–$1.885 billion; full-year 2025 guidance: billings of $7.37–$7.47 billion and revenue of $6.72–$6.78 billion.
Nov 5, 2025, 9:30 PM
Fortinet reports Q3 2025 results
FTNT
Earnings
Guidance Update
Share Buyback
- Billings and revenue grew 14% year-over-year in Q3 2025, with unified SaaS billings up 19% and Fortinet SaaS billings more than doubling, driving a record operating margin of 37%.
- Gross margin was 81.6%, operating margin 36.9%, and free cash flow reached $568 million in Q3 (YTD FCF $1.63 billion) amid $88 million of infrastructure investments.
- The company repurchased 23.3 million shares for $1.83 billion, reducing share count by ~3% and leaving $796 million of buyback authorization.
- Q4 guidance includes billings of $2.185 billion–$2.285 billion and revenue of $1.825 billion–$1.885 billion, while full-year guidance remains billings of $7.37 billion–$7.47 billion and revenue of $6.72 billion–$6.78 billion.
Nov 5, 2025, 9:30 PM
Fortinet reports Q3 2025 results
FTNT
Earnings
Guidance Update
Product Launch
- Fortinet posted Q3 2025 revenue of $1.72 B (+14% YoY), with product revenue of $559.3 M (+18%) and billings of $1.81 B (+14%).
- Delivered record Q3 operating margins: GAAP 32% and non-GAAP 37%.
- Issued Q4 2025 guidance: revenue of $1.825–1.885 B, billings $2.185–2.285 B, non-GAAP gross margin 79.0–80.0%, non-GAAP operating margin 34.5–35.5%, diluted EPS $0.73–$0.75.
- Launched the Secure AI Data Center solution, targeting up to 69% lower energy consumption for AI workloads.
Nov 5, 2025, 9:09 PM
Fortinet faces shareholder securities fraud class action with Nov. 21, 2025 deadline
FTNT
Legal Proceedings
- The Law Offices of Frank R. Cruz remind Fortinet (NASDAQ: FTNT) shareholders of a securities fraud class action alleging misleading statements on its refresh cycle and upgrade projections.
- Class Period is Nov. 8, 2024 – Aug. 6, 2025, with a lead plaintiff deadline of Nov. 21, 2025.
- Complaint alleges Fortinet overstated the refresh cycle’s lucrativeness, miscalculated the number of upgradeable FortiGate firewalls, and misrepresented refresh momentum by end of 2Q 2025.
Nov 4, 2025, 5:08 PM
Fortinet faces securities fraud class action deadline
FTNT
Legal Proceedings
- A securities fraud class action has been filed against Fortinet (NASDAQ: FTNT) covering the period Nov 8, 2024–Aug 6, 2025, with a lead plaintiff filing deadline of Nov 21, 2025.
- The complaint alleges Fortinet overstated the profitability of its product refresh cycle and lacked clarity on the number of upgradeable FortiGate firewalls.
- Plaintiffs claim Fortinet misrepresented refresh momentum, pushing through roughly half of the cycle within months by end of 2Q 2025, making prior statements materially misleading.
Oct 30, 2025, 3:11 PM
Fortinet highlights UAE cybersecurity market growth to 2030
FTNT
- The UAE cybersecurity market was valued at USD 0.62 billion in 2024 and is projected to reach USD 1.29 billion by 2030, growing at a CAGR of 12.78%
- Growth is driven by digital transformation initiatives, rising cyber threats, and government support including the UAE National Cybersecurity Strategy
- Collaboration between local players like DarkMatter, Help AG, CPX, Injazat and global vendors including IBM Security, Cisco, Palo Alto Networks, Fortinet, and Trend Micro shapes the market
- Sectors such as banking, oil & gas, healthcare, telecom, and critical infrastructure face over 50,000 daily cyberattack attempts and a 56% increase in data breaches year-over-year
- A talent shortage has driven over 60% of medium-to-large enterprises to outsource to Managed Security Service Providers for core security functions
Oct 17, 2025, 8:03 AM
Quarterly earnings call transcripts for Fortinet.
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