Fortinet said total revenue for the 3 months ended June 30, 2025 increased $195.7 million, or 14%, compared to the same period last year. Product revenue increased $57.0 million, or 13%, and service revenue increased $138.7 million, or 14%.

10-QQuarterly reportFiled Aug 8, 2025Period of report Jun 30, 2025Summary published (UTC) Oct 11, 2026

Key points

AI summary

Fortinet said total revenue for the 3 months ended June 30, 2025 increased $195.7 million, or 14%, compared to the same period last year. Product revenue increased $57.0 million, or 13%, and service revenue increased $138.7 million, or 14%.
The company said operating income for the 3 months ended June 30, 2025 was $458.0 million, an increase of 5% compared to $437.2 million in the same period last year, while operating margin was 28.1%, down 2.4 percentage points from 30.5% in the prior-year period. It cited increases in research and development expense and sales and marketing expense as a percentage of revenue as the primary factors.
Fortinet said it generated $1.32 billion in net cash from operating activities for the 6 months ended June 30, 2025. During the same period, $377.0 million was used in investing activities and $446.9 million was used in financing activities.
The company said it repurchased 4.6 million shares for a total of $401.1 million under its Repurchase Program during the 6 months ended June 30, 2025. As of June 30, 2025, the remaining authorization available for future repurchases was approximately $1.63 billion.

Key figures

Quarter ended June 30, 2025

Revenue: $1.6B
Operating income: $458M
Net income: $440M
EPS: $0.57
Gross profit: $1.3B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q2 2025 Revenue Up 14%

Fortinet said total revenue for the 3 months ended June 30, 2025 increased $195.7 million, or 14%, compared to the same period last year. Product revenue increased $57.0 million, or 13%, and service revenue increased $138.7 million, or 14%.

Source · Based on the MD&A text of the filing

Q2 Operating Income $458.0 million, Operating Margin 28.1%

The company said operating income for the 3 months ended June 30, 2025 was $458.0 million, an increase of 5% compared to $437.2 million in the same period last year, while operating margin was 28.1%, down 2.4 percentage points from 30.5% in the prior-year period. It cited increases in research and development expense and sales and marketing expense as a percentage of revenue as the primary factors.

Source · Based on the MD&A text of the filing

6-Month Operating Cash Flow $1.32 billion

Fortinet said it generated $1.32 billion in net cash from operating activities for the 6 months ended June 30, 2025. During the same period, $377.0 million was used in investing activities and $446.9 million was used in financing activities.

Source · Based on the MD&A text of the filing

6-Month Share Repurchases $401.1 million

The company said it repurchased 4.6 million shares for a total of $401.1 million under its Repurchase Program during the 6 months ended June 30, 2025. As of June 30, 2025, the remaining authorization available for future repurchases was approximately $1.63 billion.

Source · Based on the MD&A text of the filing

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.

View the original filing on SEC EDGAR ↗

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