The company said total revenue for Q3 2024 was $1.51 billion, up 13.0% from $1.33 billion a year earlier, and service revenue was $1.03 billion, up 19.1%.

1. 01

   The company said total revenue for Q3 2024 was $1.51 billion, up 13.0% from $1.33 billion a year earlier, and service revenue was $1.03 billion, up 19.1%.

2. 02

   Fortinet said GAAP operating income for Q3 2024 was $470.9 million, with a GAAP operating margin of 31.2% (22.7% a year earlier), and non-GAAP operating income was $544.7 million, with a non-GAAP operating margin of 36.1% (27.8% a year earlier).

3. 03

   The company said cash flow from operations for Q3 2024 was $608.1 million, up from $551.2 million a year earlier, and free cash flow was $571.8 million ($481.1 million a year earlier).

4. 04

   Fortinet said its board raised the share repurchase authorization by $1.0 billion in October 2024, and that about $2.03 billion remained available for future share repurchases as of November 7, 2024.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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