earnings
confidence high
sentiment positive
materiality 0.75
Fortinet Q1 revenue $1.54B (+14% YoY); non-GAAP EPS $0.58; record margins and cash flow
Fortinet, Inc.
2025-Q1 EPS reported
$0.56
revenue$1,539,700,000
- Revenue $1.54B (+13.8% YoY), product rev $459M (+12.3%), billings $1.60B (+13.5%).
- GAAP op margin 29.5% (record Q1); non-GAAP op margin 34.2% (record Q1, +570bps YoY).
- GAAP EPS $0.56, non-GAAP EPS $0.58, up from $0.39 and $0.43 a year ago.
- Record cash from ops $863M and record free cash flow $783M.
- Unified SASE ARR $1.15B (+26% YoY); SecOps ARR $434.5M (+30% YoY).