{"schema_version":"secwatch.filing_event.v1","accession":"0001262039-23-000003","form_type":"8-K","ticker":"FTNT","cik":"0001262039","company_name":"Fortinet, Inc.","filed_at":"2023-02-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.159401+00:00","generated_at":"2026-06-19T22:34:16.062590+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Fortinet Q4 revenue $1.28B (+33% YoY); FY22 revenue $4.42B, record FCF $1.45B","bullets":["Q4 GAAP EPS $0.40, non-GAAP EPS $0.44, up 67% and 76% YoY respectively.","FY product revenue $1.78B (+42% YoY); service revenue $2.64B (+26% YoY).","FY22 free cash flow record $1.45B; share repurchases $1.99B in 2022.","Q1 2023 guidance: revenue $1.18-1.22B, non-GAAP EPS $0.27-0.29.","FY 2023 guidance: revenue $5.37-5.43B, non-GAAP EPS $1.39-1.41."],"urls":{"canonical":"https://secwatch.observer/filing/0001262039-23-000003","json":"https://secwatch.observer/filing/0001262039-23-000003.json","markdown":"https://secwatch.observer/filing/0001262039-23-000003.md","text":"https://secwatch.observer/filing/0001262039-23-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1262039/000126203923000003/0001262039-23-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1262039/000126203923000003/ftnt-20230207.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T22:34:16.062590+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6c19e15eff169edfbfe4807ef17ef7bd8926ecc7","claim":"Fortinet, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $1.28 billion, net income $313.8 million, EPS $0.40.","evidence_excerpt":"Revenue: Total revenue was $1.28 billion for the fourth quarter of 2022, an increase of 33.1% compared to $963.6 million for the same quarter of 2021. • Billings 1 : Total billings were $1.72 billion for the fourth quarter of 2022, an increase of 31.6% compared to $1.31 billion for the same quarter of 2021. • GAAP Operating Income and Margin: GAAP operating income was $357.8 million for the fourth quarter of 2022, representing a GAAP operating margin of 27.9%. GAAP operating income was $214.9 million for the same quarter of 2021, representing a GAAP operating margin of 22.3%. • Non-GAAP Operating Income and Margin 1 : Non-GAAP operating income was $417.6 million for the fourth quarter of 2022, representing a non-GAAP operating margin of 32.5%. Non-GAAP operating income was $274.7 million for the same quarter of 2021, representing a non-GAAP operating margin of 28.5%. • GAAP Net Income and Diluted Net Income Per Share Attributable to Fortinet, Inc. 2 : GAAP net income was $313.8 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1262039/000126203923000003/0001262039-23-000003-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$1.28 billion"},{"label":"Net income","value":"$313.8 million"},{"label":"EPS","value":"$0.40"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"cf6699b848e403ae2fe96a3637fdc5a45f63c2e5","claim":"Fortinet, Inc. reported the year ended December 31, 2022 results: revenue $4.42 billion, net income $857.3 million, EPS $1.06.","evidence_excerpt":"Revenue: Total revenue was $4.42 billion for 2022, an increase of 32.2% compared to $3.34 billion in 2021. • Billings 1 : Total billings were $5.59 billion for 2022, an increase of 33.8% compared to $4.18 billion in 2021. • Deferred Revenue: Total deferred revenue was $4.64 billion as of December 31, 2022, an increase of 34.4% compared to $3.45 billion as of December 31, 2021. • GAAP Operating Income and Margin: GAAP operating income was $969.6 million for 2022, representing a GAAP operating margin of 21.9%. GAAP operating income was $650.4 million for 2021, representing a GAAP operating margin of 19.5%. • Non-GAAP Operating Income and Margin 1 : Non-GAAP operating income was $1.21 billion for 2022, representing a non-GAAP operating margin of 27.3%. Non-GAAP operating income was $875.5 million for 2021, representing a non-GAAP operating margin of 26.2%. • GAAP Net Income and Diluted Net Income Per Share Attributable to Fortinet, Inc. 2 : GAAP net income was $857.3 million for 2022, com","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1262039/000126203923000003/0001262039-23-000003-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2022"},{"label":"Revenue","value":"$4.42 billion"},{"label":"Net income","value":"$857.3 million"},{"label":"EPS","value":"$1.06"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}