Highest-materiality recent filing
Fortinet beats Q1 guidance, raises FY2026 revenue outlook to ~15% growth
Q1 revenue $1.85B (+20% YoY), GAAP EPS $0.72 (+29%), non-GAAP EPS $0.82 (+41%).
Q4 revenue $1.91B (+15% YoY); product revenue $691M (+20%); billings $2.37B (+18%)
Fortinet Q3 revenue $1.72B (+14% YoY); record non-GAAP op margin 37%
Revenue $1.72B (+14% YoY); product revenue $559.3M (+18%); billings $1.81B (+14%).
Fortinet increases share repurchase authorization by $1B to $9.25B, extends to 2027
Board authorized $1B increase to share repurchase program, total authorized now $9.25B.
Fortinet Q2 revenue $1.63B (+14% YoY); raises full-year billings guidance
Revenue $1.63B (+14% YoY); billings $1.78B (+15% YoY); GAAP op margin 28%, non-GAAP 33%.
Fortinet shareholders elect all nine director nominees, reject CEO/Chairman split proposal
All nine director nominees elected; Ken Xie received 547M votes for (93.5% of votes cast excluding broker non-votes).
Fortinet appoints Christiane Ohlgart as CFO effective May 15, 2025
Ohlgart succeeds Keith Jensen, who retired on May 15, 2025, as previously disclosed.
Fortinet Q1 revenue $1.54B (+14% YoY); non-GAAP EPS $0.58; record margins and cash flow
Revenue $1.54B (+13.8% YoY), product rev $459M (+12.3%), billings $1.60B (+13.5%).
Fortinet Q4 revenue up 17% to $1.66B; GAAP EPS $0.68; CFO Jensen to retire, Ohlgart named successor
Q4 revenue $1.66B (+17% YoY); product rev $574M (+18%); service rev $1.09B (+17%).
Fortinet appoints Janet Napolitano to Cybersecurity Committee effective Jan 17, 2025
Director Janet Napolitano was added to the Board's Cybersecurity Committee on January 17, 2025.
Fortinet appoints Janet Napolitano to Board, effective Nov 7, 2024
Board expanded from 9 to 10; vacancy filled by former DHS Secretary Napolitano.
Fortinet Q3 revenue $1.51B (+13% YoY), record non-GAAP op margin 36.1%, raises FY2024 guidance
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.
Fortinet corrects non-GAAP EPS guidance for Q3 and FY 2024; raises revenue and margin outlook
Corrected non-GAAP EPS guidance: Q3 $0.50-$0.52, FY 2024 $2.00-$2.04 (17% tax rate, ~772M diluted shares).
Fortinet Q2 revenue $1.43B (+11% YoY); record operating margins; raises 2024 guidance
Total revenue $1.43B (+11% YoY); record GAAP operating margin 30.5% and non-GAAP 35.1%.
Fortinet appoints director Maggie Wilderotter to Governance Committee
Board placed Maggie Wilderotter on the Governance Committee effective July 19, 2024.
Fortinet shareholders elect all nine director nominees, ratify auditor, approve say-on-pay
All nine director nominees elected with votes ranging from 553.7M to 584.4M for, including Ken Xie and Michael Xie.
Fortinet Q1 revenue up 7% to $1.35B, product revenue falls 18%, non-GAAP EPS $0.43
Total revenue $1.35B (+7% YoY); service revenue $944M (+24%) offset product revenue $409M (-18%).
Fortinet appoints Maggie Wilderotter to board, Christiane Ohlgart as CAO
Board expanded from 8 to 9; Wilderotter appointed effective April 19, 2024; served on over 30 public company boards.
Fortinet Q4 revenue $1.42B (+10.3% YoY); guides FY2024 revenue $5.72-5.82B
Q4 GAAP diluted EPS $0.40 (flat YoY); non-GAAP diluted EPS $0.51 (up from $0.44).
Fortinet appoints John Whittle as COO; he continues as Corporate Secretary
John Whittle appointed COO effective Jan 15, 2024; retains role as Corporate Secretary.
Keith Jensen, the Company’s Chief Financial Officer, age 66, had notified the Company that he intended to retire on May 15, 2025
the Board of Directors (the “Board”) of the Company appointed Ms. Ohlgart to serve as the Company’s Chief Financial Officer (including as its Principal Financial Officer), effective as of the Retirement.
Effective as of and contingent upon the Retirement, the Company intends to appoint Christiane Ohlgart, age 57, to serve as Chief Financial Officer of the Company (including as its Principal Financial Officer).
On February 4, 2025, Keith Jensen, Fortinet’s Chief Financial Officer, age 66, notified the Company that he intends to retire on May 15, 2025
On November 6, 2024, the Board of Directors (the “Board”) of Fortinet, Inc. (the “Company”) increased the size of the Board from nine to ten directors and filled the newly created vacancy on the Board by appointing Janet Napolitano to join the Board as a director, in each case, effective November 7, 2024.
the Company appointed Christiane Ohlgart, age 56, to serve as Chief Accounting Officer of the Company (including as its Principal Accounting Officer), effective March 18, 2024.
On January 15, 2024, John Whittle was appointed the Chief Operating Officer of Fortinet, Inc. (“Fortinet”).
Max materiality 0.85 · Median 0.72 · Most common event earnings