---
schema_version: "secwatch.filing_event.v1"
accession: "0001262039-24-000032"
form_type: "8-K"
ticker: "FTNT"
cik: "0001262039"
company_name: "Fortinet, Inc."
filed_at: "2024-08-06T23:59:59+00:00"
generated_at: "2026-05-31T12:09:37.141157+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Fortinet Q2 revenue $1.43B (+11% YoY); record operating margins; raises 2024 guidance

## Summary
- Total revenue $1.43B (+11% YoY); record GAAP operating margin 30.5% and non-GAAP 35.1%.
- Service revenue $982M (+20% YoY), product revenue $451.9M (-4.4% YoY); billings flat at $1.54B.
- GAAP EPS $0.49, non-GAAP EPS $0.57, both up from $0.33/$0.38 YoY.
- Raises FY2024 revenue guidance to $5.8B-$5.9B, non-GAAP operating margin to 30.0%-31.5%.
- Cash flow from operations $342M vs $515M YoY; free cash flow $318.9M vs $438.3M.

## SEC filing metadata
- accession: 0001262039-24-000032
- form_type: 8-K
- ticker: FTNT
- cik: 0001262039
- company_name: Fortinet, Inc.
- filed_at: 2024-08-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1262039/000126203924000032/0001262039-24-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1262039/000126203924000032/ftnt-20240806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001262039-24-000032
- JSON: https://secwatch.observer/filing/0001262039-24-000032.json
- Plain text: https://secwatch.observer/filing/0001262039-24-000032.txt

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