Fortinet (FTNT)
Builds FortiGate firewalls and integrated networking, SASE, and security operations software.
$176.77
vs last close+2.51 (+1.44%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,335 | 1,415 | 1,353 | 1,434 | 1,508 | 1,660 | 1,540 | 1,630 | 1,725 | 1,905 | 1,850 | 2,048 |
| Cost of revenue | 318 | 316 | 305 | 275 | 263 | 315 | 293 | 302 | 319 | 389 | 365 | 405 |
| Gross profit | 1,017 | 1,099 | 1,049 | 1,159 | 1,245 | 1,346 | 1,247 | 1,328 | 1,406 | 1,516 | 1,485 | 1,643 |
| 714 | 714 | 727 | 722 | 774 | 772 | 793 | 872 | 860 | 892 | 907 | 954 | |
| Research & development | 157 | 153 | 173 | 165 | 187 | 191 | 199 | 210 | 202 | 205 | 214 | 225 |
| 558 | 563 | 556 | 558 | 588 | 582 | 601 | 649 | 645 | 687 | 693 | 730 | |
| Selling & marketing | 504 | 507 | 501 | 501 | 516 | 527 | 543 | 592 | 584 | 629 | 636 | 669 |
| General & administrative | 54 | 55 | 54 | 57 | 72 | 55 | 58 | 57 | 61 | 57 | 56 | 61 |
| Other expenses | −1 | −1 | −1 | −1 | −1 | −1 | −6 | 13 | 13 | 0 | 0 | −1 |
| Operating income | 303 | 385 | 321 | 437 | 471 | 574 | 454 | 457 | 546 | 626 | 580 | 689 |
| 19 | 21 | 18 | 19 | 150 | 39 | 76 | 60 | 49 | 25 | 77 | 31 | |
| Interest income | 37 | 31 | 32 | 38 | 42 | 42 | 44 | 45 | 41 | 32 | 33 | 33 |
| Interest expense | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 6 | 4 | 4 | 3 |
| Other non-operating income | −30 | −36 | −29 | −36 | −161 | −49 | −70 | −65 | −55 | −30 | −81 | −34 |
| Income before tax | 323 | 406 | 339 | 456 | 621 | 613 | 530 | 517 | 595 | 651 | 657 | 720 |
| Income tax expense | 0 | 95 | 40 | 77 | 81 | 87 | 97 | 77 | 121 | 145 | 122 | 115 |
| Net income from continuing operations | 323 | 311 | 299 | 380 | 540 | 526 | 433 | 440 | 474 | 506 | 535 | 605 |
| Net income | 323 | 311 | 299 | 380 | 540 | 526 | 433 | 440 | 474 | 506 | 535 | 606 |
| EPS, basic | $0.41 | $0.41 | $0.39 | $0.50 | $0.71 | $0.69 | $0.56 | $0.57 | $0.63 | $0.68 | $0.72 | $0.83 |
| EPS, diluted | $0.41 | $0.40 | $0.39 | $0.49 | $0.70 | $0.68 | $0.56 | $0.57 | $0.62 | $0.68 | $0.72 | $0.82 |
| Weighted average shares, basic | 781 | 765 | 762 | 764 | 765 | 767 | 768 | 767 | 763 | 743 | 739 | 736 |
| Weighted average shares, diluted | 791 | 772 | 771 | 770 | 772 | 775 | 777 | 775 | 770 | 748 | 743 | 741 |
| EBITDA | 362 | 451 | 379 | 503 | 661 | 659 | 560 | 560 | 639 | 695 | 795 | 765 |
| Depreciation & amortization | 28 | 30 | 29 | 29 | 30 | 35 | 36 | 38 | 38 | 40 | 134 | 41 |
| EBIT | 333 | 421 | 351 | 473 | 631 | 623 | 524 | 522 | 601 | 655 | 661 | 723 |