secwatch.observer — SEC 8-K summary
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Issuer:     Fortinet, Inc. (FTNT)
CIK:        0001262039
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001262039-22-000035
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fortinet Q3 revenue up 33% to $1.15B; non-GAAP EPS $0.33 vs $0.20 YoY
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- Revenue $1.15B (+33% YoY); product $468.7M (+39%), service $680.8M (+28%).
- GAAP diluted EPS $0.29, non-GAAP $0.33; GAAP operating margin 23.1%, non-GAAP 28.3%.
- Deferred revenue $4.19B (+35%), billings $1.41B (+33%). Cash flow $483M, free cash flow $395M.
- Repurchased 10.2M shares for $500M in Q3 at avg $49.15/share.
- Q4 guidance: rev $1.275-1.315B, non-GAAP EPS $0.38-0.40; FY22 rev $4.41-4.45B, non-GAAP EPS $1.13-1.15.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1262039/000126203922000035/0001262039-22-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1262039/000126203922000035/ftnt-20221102.htm
  HTML page:      https://secwatch.observer/filing/0001262039-22-000035

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