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AI brief of an SEC Form 8-K · Fortinet (FTNT)

Fortinet Q3 revenue rises 14% to $1.72 billion; GAAP net income falls

Mixed Impact 3 of 5 earnings Written later

Fortinet reported third-quarter 2025 revenue of $1.72 billion, up 14% from a year earlier, and billings of $1.81 billion, also up 14%. GAAP net income fell to $473.9 million from $539.9 million, while non-GAAP diluted earnings per share rose to $0.74 from $0.63. The company expects fourth-quarter 2025 revenue of $1.825 billion to $1.885 billion and full-year 2025 revenue of $6.720 billion to $6.780 billion.

Key points

  • GAAP diluted EPS was $0.62 for the quarter, versus $0.70 a year earlier.
  • Non-GAAP diluted EPS was $0.74, versus $0.63; non-GAAP operating margin was 36.9%, versus 36.1%.
  • Product revenue grew 18% to $559.3 million; billings grew 14% to $1.81 billion.
  • Q4 2025 guidance: revenue of $1.825 billion to $1.885 billion and non-GAAP diluted EPS of $0.73 to $0.75.

The filing

CompanyFortinet (FTNT)
Form8-K, current report
Filed with the SECNov 5, 2025, 4:09 PM ET
Accession number0001262039-25-000036

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.