FTNT Q3 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q2 2024 Q3 2022

Earnings

Fortinet posted a convincing third-quarter beat, reporting non-GAAP diluted EPS of $0.74 against a consensus estimate of $0.63, a 16.90% positive surprise, while revenue climbed 14.4% year over year to $1.72 billion, edging past the $1.70 billion Wal… Read more Fortinet posted a convincing third-quarter beat, reporting non-GAAP diluted EPS of $0.74 against a consensus estimate of $0.63, a 16.90% positive surprise, while revenue climbed 14.4% year over year to $1.72 billion, edging past the $1.70 billion Wall Street expected. The headline driver was a rare combination of margin expansion and accelerating top-line momentum: the company achieved a record third-quarter non-GAAP operating margin of 36.9%, even as product revenue surged 18% to $559.30 million and billings grew 14% to $1.81 billion. FortiSASE emerged as a particular bright spot, with billings more than doubling year over year, underscoring the company's convergence of networking and security under its unified FortiOS platform. Despite the strong results, shares fell sharply, with investors weighing lingering concerns from prior quarters against forward guidance calling for Q4 revenue of $1.83 billion to $1.89 billion and full-year 2025 non-GAAP EPS of $2.66 to $2.70.