{"schema_version":"secwatch.filing_event.v1","accession":"0001262039-23-000013","form_type":"8-K","ticker":"FTNT","cik":"0001262039","company_name":"Fortinet, Inc.","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.217523+00:00","generated_at":"2026-06-15T20:47:41.778518+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Fortinet Q1 rev $1.26B (+32% YoY), non-GAAP EPS $0.34; board adds $1B to buyback, FY23 guidance raised","bullets":["Revenue $1.26B (+32% YoY); product rev $500.7M (+35%), service rev $761.6M (+30%).","GAAP net income $247.7M, diluted EPS $0.31; non-GAAP net income $269.7M, diluted EPS $0.34.","Billings $1.50B (+30% YoY); deferred revenue $4.88B (+33%).","Board authorized $1.0B increase in share repurchase program; $1.53B remaining as of May 4.","Q2'23 guidance: rev $1.28B-$1.32B, non-GAAP EPS $0.33-$0.35; FY23: rev $5.425B-$5.485B, non-GAAP EPS $1.44-$1.48."],"urls":{"canonical":"https://secwatch.observer/filing/0001262039-23-000013","json":"https://secwatch.observer/filing/0001262039-23-000013.json","markdown":"https://secwatch.observer/filing/0001262039-23-000013.md","text":"https://secwatch.observer/filing/0001262039-23-000013.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1262039/000126203923000013/0001262039-23-000013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1262039/000126203923000013/ftnt-20230504.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T20:47:41.778518+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":"2c45b10bb85efaf42781d8b62e9803de9adf596c","claim":"Fortinet, Inc. reported first quarter ended March 31, 2023 results: revenue $1.26 billion, net income $247.7 million, EPS $0.31. Guidance initiated.","evidence_excerpt":"Results First Quarter 2023 Highlights • Product revenue of $500.7 million, up 35% year over year • Service revenue of $761.6 million, up 30% year over year • Total revenue of $1.26 billion, up 32% year over year • Billings of $1.50 billion, up 30% year over year 1 • Deferred revenue of $4.88 billion, up 33% year over year • GAAP operating income of $273.5 million,","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1262039/000126203923000013/0001262039-23-000013-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$1.26 billion"},{"label":"Net income","value":"$247.7 million"},{"label":"EPS","value":"$0.31"},{"label":"Guidance","value":"initiated"},{"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"}