---
schema_version: "secwatch.filing_event.v1"
accession: "0001262039-21-000027"
form_type: "8-K"
ticker: "FTNT"
cik: "0001262039"
company_name: "Fortinet, Inc."
filed_at: "2021-11-04T23:59:59+00:00"
generated_at: "2026-06-28T12:38:54.964856+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Fortinet Q3 revenue $867M (+33% YoY); billings exceed $1B for first time

## Summary
- Product revenue $337M (+51% YoY); service revenue $530M (+24% YoY).
- GAAP EPS $0.97; non-GAAP EPS $0.99; cash flow from ops $398.8M.
- Board authorized $1.25B increase in share repurchase program (total ~$2B remaining).
- Q4 revenue guidance $940M-$970M; non-GAAP EPS $1.10-$1.15.
- FY2021 revenue guidance raised to $3.32B-$3.35B; billings $4.04B-$4.09B.

## SEC filing metadata
- accession: 0001262039-21-000027
- form_type: 8-K
- ticker: FTNT
- cik: 0001262039
- company_name: Fortinet, Inc.
- filed_at: 2021-11-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1262039/000126203921000027/0001262039-21-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1262039/000126203921000027/ftnt-20211104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001262039-21-000027
- JSON: https://secwatch.observer/filing/0001262039-21-000027.json
- Plain text: https://secwatch.observer/filing/0001262039-21-000027.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.