secwatch.observer — SEC 8-K summary
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Issuer:     Fortinet, Inc. (FTNT)
CIK:        0001262039
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001262039-22-000026
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fortinet Q2 revenue $1.03B (+29% YoY); bookings up 42% to $1.38B; guides Q3 rev $1.105-1.135B
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- Product revenue $400.7M (+34% YoY); service revenue $629.4M (+25% YoY).
- GAAP diluted EPS $0.21; non-GAAP diluted EPS $0.24.
- Cash from ops $323.4M; free cash flow $283.5M; repurchased $800M in shares.
- Board authorized $1.0B increase in share repurchase program; ~$1.03B remaining.
- Q3 guidance: rev $1.105-1.135B, billings $1.385-1.415B, non-GAAP EPS $0.26-0.28.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1262039/000126203922000026/0001262039-22-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1262039/000126203922000026/ftnt-20220803.htm
  HTML page:      https://secwatch.observer/filing/0001262039-22-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer