---
schema_version: "secwatch.filing_event.v1"
accession: "0001262039-22-000015"
form_type: "8-K"
ticker: "FTNT"
cik: "0001262039"
company_name: "Fortinet, Inc."
filed_at: "2022-05-04T23:59:59+00:00"
generated_at: "2026-06-26T00:27:34.075412+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Fortinet Q1 revenue $954.8M (+34% YoY), product revenue +54%; guides Q2 above consensus

## Summary
- GAAP diluted EPS $0.84 vs $0.64 YoY; non-GAAP diluted EPS $0.94 vs $0.81.
- Product revenue $371.0M (+54% YoY); billings $1.16B (+36%); bookings $1.28B (+50%).
- Q2 2022 revenue guidance $1.005B-$1.035B, non-GAAP EPS $1.05-$1.10; FY22 revenue $4.35B-$4.40B.
- Deferred revenue $3.66B (+33% YoY); backlog $278M, up $116M from Q4 2021.
- GAAP operating margin 15.8% (down from 17.1%); non-GAAP operating margin 22.0% (down from 24.5%).

## SEC filing metadata
- accession: 0001262039-22-000015
- form_type: 8-K
- ticker: FTNT
- cik: 0001262039
- company_name: Fortinet, Inc.
- filed_at: 2022-05-04T23:59:59+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/1262039/000126203922000015/0001262039-22-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1262039/000126203922000015/ftnt-20220504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001262039-22-000015
- JSON: https://secwatch.observer/filing/0001262039-22-000015.json
- Plain text: https://secwatch.observer/filing/0001262039-22-000015.txt

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