---
schema_version: "secwatch.filing_event.v1"
accession: "0001262039-24-000006"
form_type: "8-K"
ticker: "FTNT"
cik: "0001262039"
company_name: "Fortinet, Inc."
filed_at: "2024-02-06T23:59:59+00:00"
generated_at: "2026-06-06T07:47:42.035364+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Fortinet Q4 revenue $1.42B (+10.3% YoY); guides FY2024 revenue $5.72-5.82B

## Summary
- Q4 GAAP diluted EPS $0.40 (flat YoY); non-GAAP diluted EPS $0.51 (up from $0.44).
- Q4 product revenue $488M (-9.6% YoY); service revenue $927M (+24.8%); billings $1.86B (+8.5%).
- Full-year 2023 revenue $5.30B (+20.1%); GAAP operating margin 23.4%; non-GAAP diluted EPS $1.63.
- Board authorized $500M increase to buyback program; $1.03B remaining as of Feb 6, 2024.
- Q1 2024 guidance: revenue $1.30-1.36B, billings $1.39-1.45B, non-GAAP EPS $0.37-0.39.

## SEC filing metadata
- accession: 0001262039-24-000006
- form_type: 8-K
- ticker: FTNT
- cik: 0001262039
- company_name: Fortinet, Inc.
- filed_at: 2024-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1262039/000126203924000006/0001262039-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1262039/000126203924000006/ftnt-20240206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001262039-24-000006
- JSON: https://secwatch.observer/filing/0001262039-24-000006.json
- Plain text: https://secwatch.observer/filing/0001262039-24-000006.txt

## Key facts
- Earnings Releases
  Fortinet, Inc. reported the fourth quarter and year ended December 31, 2023 results: revenue $1.42 billion, EPS $0.40.
  - Period: the fourth quarter and year ended December 31, 2023
  - Revenue: $1.42 billion
  - EPS: $0.40
  - Result: reported results
  source text: ftntq4-2023ex991.htm PRESS RELEASE Document Press Release Fortinet Reports Fourth Quarter and Full Year 2023 Financial Results Fourth Quarter 2023 Highlights • Total revenue of $1.42 billion, up 10.3% year over year • Billings of $1.86 billion, up 8.5% year over year 1 • GAAP operating income of $385 million • Non-GAAP operating income of $454 million 1 • GAAP
  evidence_url: https://www.sec.gov/Archives/edgar/data/1262039/000126203924000006/0001262039-24-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.