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Fortinet logoFortinet FTNT

Fortinet said revenue for Q2 ended June 30, 2025 grew 14% year over year to $1.63 billion, and billings grew 15% to $1.78 billion.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Fortinet said revenue for Q2 ended June 30, 2025 grew 14% year over year to $1.63 billion, and billings grew 15% to $1.78 billion.

  2. The company disclosed that for Q2, GAAP operating income was $458.0 million with an operating margin of 28.1%, non-GAAP operating income was $539.8 million with an operating margin of 33.1%, and the prior-year operating margins were 30.5% and 35.1%, respectively.

  3. Fortinet raised the midpoint of its 2025 full-year billings guidance by $100 million and provided full-year revenue guidance of $6.675 billion to $6.825 billion and billings guidance of $7.325 billion to $7.475 billion. It said Q3 revenue is expected to be $1.670 billion to $1.730 billion.

Summary

AI-written

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. Some paragraphs were omitted because their support in the source could not be confirmed.

Q2 Revenue $1.63 billion, Billings $1.78 billion

Fortinet said revenue for Q2 ended June 30, 2025 grew 14% year over year to $1.63 billion, and billings grew 15% to $1.78 billion.

Source · Based on the filing body and exhibits

Q2 GAAP Operating Margin 28%, Non-GAAP Operating Margin 33%

The company disclosed that for Q2, GAAP operating income was $458.0 million with an operating margin of 28.1%, non-GAAP operating income was $539.8 million with an operating margin of 33.1%, and the prior-year operating margins were 30.5% and 35.1%, respectively.

Source · Based on the filing body and exhibits

Full-Year Billings Guidance Midpoint Raised $100 million, Q3 Outlook

Fortinet raised the midpoint of its 2025 full-year billings guidance by $100 million and provided full-year revenue guidance of $6.675 billion to $6.825 billion and billings guidance of $7.325 billion to $7.475 billion. It said Q3 revenue is expected to be $1.670 billion to $1.730 billion.

Source · Based on the filing body and exhibits

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.