---
schema_version: "secwatch.filing_event.v1"
accession: "0001262039-26-000003"
form_type: "8-K"
ticker: "FTNT"
cik: "0001262039"
company_name: "Fortinet, Inc."
filed_at: "2026-02-05T23:59:59+00:00"
generated_at: "2026-05-16T04:19:31.348315+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Fortinet reports strong Q4 2025: revenue $1.91B (+15%), billings $2.37B (+18%), guides FY2026 revenue $7.5-$7.7B

## Summary
- Q4 revenue $1.91B (+15% YoY); product revenue $691M (+20%); billings $2.37B (+18%)
- FY2025 revenue $6.80B (+14%); product revenue $2.22B (+16%); billings $7.55B (+16%); free cash flow $2.21B
- Non-GAAP operating margin: Q4 37%, FY2025 35%; GAAP operating margin: Q4 33%, FY2025 31%
- Board authorized $1.0B increase in share repurchase program; aggregate authorized up to $10.25B through Feb 2027
- Q1 2026 guidance: revenue $1.70-1.76B; non-GAAP EPS $0.59-0.63. FY2026 guidance: revenue $7.5-7.7B; non-GAAP EPS $2.94-3.00

## SEC filing metadata
- accession: 0001262039-26-000003
- form_type: 8-K
- ticker: FTNT
- cik: 0001262039
- company_name: Fortinet, Inc.
- filed_at: 2026-02-05T23:59:59+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/1262039/000126203926000003/0001262039-26-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1262039/000126203926000003/ftnt-20260205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001262039-26-000003
- JSON: https://secwatch.observer/filing/0001262039-26-000003.json
- Plain text: https://secwatch.observer/filing/0001262039-26-000003.txt

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