secwatch.observer — SEC 8-K summary
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Issuer:     Fortinet, Inc. (FTNT)
CIK:        0001262039
Form:       8-K
Filed at:   2025-02-06T23:59:59+00:00
Accession:  0001262039-25-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fortinet Q4 revenue up 17% to $1.66B; GAAP EPS $0.68; CFO Jensen to retire, Ohlgart named successor
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- Q4 revenue $1.66B (+17% YoY); product rev $574M (+18%); service rev $1.09B (+17%).
- Record GAAP operating margin 34.6% (vs 27.2% YoY); Non-GAAP op margin 39.2%.
- FY2024 revenue $5.96B (+12%); GAAP EPS $2.26; Non-GAAP EPS $2.37; free cash flow $1.88B.
- CFO Keith Jensen retiring May 15, 2025; Christiane Ohlgart (current CAO) to succeed as CFO.
- Q1 2025 guidance: rev $1.50-1.56B, Non-GAAP EPS $0.52-0.54; FY2025 rev $6.65-6.85B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1262039/000126203925000007/0001262039-25-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1262039/000126203925000007/ftnt-20250204.htm
  HTML page:      https://secwatch.observer/filing/0001262039-25-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer