{"schema_version":"secwatch.filing_event.v1","accession":"0001262039-23-000027","form_type":"8-K","ticker":"FTNT","cik":"0001262039","company_name":"Fortinet, Inc.","filed_at":"2023-08-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.384735+00:00","generated_at":"2026-06-12T07:21:53.191322+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 Q2 revenue up 26% to $1.29B; GAAP EPS $0.33 beats; raises buyback authorization by $1.5B","bullets":["Total revenue $1.29B (+26% YoY); product rev $472.6M (+18%), service rev $820.2M (+30%).","GAAP EPS $0.33 vs $0.21 YoY (+57%); non-GAAP EPS $0.38 vs $0.24 YoY (+58%).","Board added $1.5B to stock buyback; total authorization $6.75B through Feb 2024; $2.03B remaining.","Q3 2023 guidance: revenue $1.315-1.375B, non-GAAP EPS $0.35-0.37; FY 2023 rev $5.35-5.45B, EPS $1.49-1.53.","Cash from ops $515.1M; free cash flow $438.3M; deferred revenue $5.13B (+30% YoY)."],"urls":{"canonical":"https://secwatch.observer/filing/0001262039-23-000027","json":"https://secwatch.observer/filing/0001262039-23-000027.json","markdown":"https://secwatch.observer/filing/0001262039-23-000027.md","text":"https://secwatch.observer/filing/0001262039-23-000027.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1262039/000126203923000027/0001262039-23-000027-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1262039/000126203923000027/ftnt-20230803.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T07:21:53.191322+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":"005ebd3adfa4a2bc78be9b7aa47eceed821b01d3","claim":"Fortinet, Inc. reported the second quarter ended June 30, 2023 results: revenue $1.29 billion, net income $266.3 million, EPS $0.33. Guidance initiated.","evidence_excerpt":"Results Second Quarter 2023 Highlights • Product revenue of $472.6 million, up 18% year over year • Service revenue of $820.2 million, up 30% year over year • Total revenue of $1.29 billion, up 26% year over year • Billings of $1.54 billion, up 18% year over year 1 • Deferred revenue of $5.13 billion, up 30% year over year • GAAP operating income of $279.0 million,","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1262039/000126203923000027/0001262039-23-000027-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ended June 30, 2023"},{"label":"Revenue","value":"$1.29 billion"},{"label":"Net income","value":"$266.3 million"},{"label":"EPS","value":"$0.33"},{"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"}