---
schema_version: "secwatch.filing_event.v1"
accession: "0001262039-24-000040"
form_type: "8-K"
ticker: "FTNT"
cik: "0001262039"
company_name: "Fortinet, Inc."
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T03:19:47.093701+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Fortinet Q3 revenue $1.51B (+13% YoY), record non-GAAP op margin 36.1%, raises FY2024 guidance

## Summary
- GAAP net income $539.9M ($0.70 EPS) vs $322.9M ($0.41 EPS) a year ago; non-GAAP EPS $0.63 vs $0.41.
- Revenue $1.51B (+13% YoY), service revenue $1.03B (+19.1%), product revenue $473.9M (+1.7%).
- Record GAAP operating margin 31.2% and non-GAAP operating margin 36.1%, up from 22.7% and 27.8% respectively.
- Board authorized $1B increase in share repurchase; remaining authorization $2.03B as of Nov 7.
- Raised FY2024 revenue guidance to $5.856-5.916B and non-GAAP op margin to 32.9-33.9% from prior.

## SEC filing metadata
- accession: 0001262039-24-000040
- form_type: 8-K
- ticker: FTNT
- cik: 0001262039
- company_name: Fortinet, Inc.
- filed_at: 2024-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1262039/000126203924000040/0001262039-24-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1262039/000126203924000040/ftnt-20241107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001262039-24-000040
- JSON: https://secwatch.observer/filing/0001262039-24-000040.json
- Plain text: https://secwatch.observer/filing/0001262039-24-000040.txt

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