Fortinet said total revenue for Q1 2025 was $1.54 billion, up 13.8% from $1.35 billion in the same quarter of the prior year, and total billings were $1.60 billion, up 13.5%.

1. 01

   Fortinet said total revenue for Q1 2025 was $1.54 billion, up 13.8% from $1.35 billion in the same quarter of the prior year, and total billings were $1.60 billion, up 13.5%.

2. 02

   The company said GAAP operating income for Q1 2025 was $453.8 million, representing a GAAP operating margin of 29.5%, and non-GAAP operating income was $526.2 million, representing a non-GAAP operating margin of 34.2%, compared with operating margins of 23.7% and 28.5%, respectively, in the same quarter of the prior year.

3. 03

   Fortinet said cash flow from operations for Q1 2025 was $863.3 million, which includes $14.0 million in proceeds from an intellectual property matter. Free cash flow was $782.8 million, compared with $608.5 million in the same quarter of the prior year.

4. 04

   The company said it expects revenue for Q2 2025 in the range of $1.590 billion to $1.650 billion, and revenue for fiscal 2025 in the range of $6.650 billion to $6.850 billion. It said non-GAAP operating margin guidance for the full year is 31.5% to 33.5%.

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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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