secwatch.observer — SEC 8-K summary
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Issuer:     Fortinet, Inc. (FTNT)
CIK:        0001262039
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001262039-25-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fortinet Q1 revenue $1.54B (+14% YoY); non-GAAP EPS $0.58; record margins and cash flow
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1262039/000126203925000014/0001262039-25-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1262039/000126203925000014/ftnt-20250507.htm
  HTML page:      https://secwatch.observer/filing/0001262039-25-000014

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