AI English summary of an SEC filing — figures as filed
Fortinet FTNTThe company said total revenue for the three months ended September 30, 2026 was $2.08 billion, up 20% from $1.72 billion a year earlier. Product revenue for the same quarter was $765.0 million, up 37%, and service revenue was $1.31 billion, up 13%.
Key points
AI summaryThe company said total revenue for the three months ended September 30, 2026 was $2.08 billion, up 20% from $1.72 billion a year earlier. Product revenue for the same quarter was $765.0 million, up 37%, and service revenue was $1.31 billion, up 13%.
The company said operating income for the 3 months rose 29% from $547.3 million a year earlier to $704.3 million, and operating margin was 33.9% (31.7% a year earlier). Total gross margin fell 1.8 percentage points to 79.0%. The company cited a shift in revenue mix from service revenue to lower-margin product revenue as the factor.
The company said operating cash flow for the 9 months ended September 30, 2026 was $3.07 billion, up $1.10 billion (56%) from a year earlier. Deferred revenue as of September 30, 2026 was $7.93 billion, up $818.6 million (12%) from December 31, 2025.
The company said financing cash outflow for the 9 months ended September 30, 2026 was $1.51 billion. It repurchased 12.5 million shares for $972.8 million and redeemed 2026 Senior Notes totaling $500.0 million. As of September 30, 2026, approximately $765.8 million remained available under the repurchase authorization.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Quarterly revenue of $2.08 billion; product revenue up 37%
The company said total revenue for the three months ended September 30, 2026 was $2.08 billion, up 20% from $1.72 billion a year earlier. Product revenue for the same quarter was $765.0 million, up 37%, and service revenue was $1.31 billion, up 13%.
Source · Based on the MD&A text of the filing
Quarterly operating income of $704.3 million; gross margin of 79.0%
The company said operating income for the 3 months rose 29% from $547.3 million a year earlier to $704.3 million, and operating margin was 33.9% (31.7% a year earlier). Total gross margin fell 1.8 percentage points to 79.0%. The company cited a shift in revenue mix from service revenue to lower-margin product revenue as the factor.
Source · Based on the MD&A text of the filing
9-Month Operating Cash Flow $3.07 billion, Deferred Revenue $7.93 billion
The company said operating cash flow for the 9 months ended September 30, 2026 was $3.07 billion, up $1.10 billion (56%) from a year earlier. Deferred revenue as of September 30, 2026 was $7.93 billion, up $818.6 million (12%) from December 31, 2025.
Source · Based on the MD&A text of the filing
9-Month Buybacks $972.8 million, Senior Notes Redeemed $500.0 million
The company said financing cash outflow for the 9 months ended September 30, 2026 was $1.51 billion. It repurchased 12.5 million shares for $972.8 million and redeemed 2026 Senior Notes totaling $500.0 million. As of September 30, 2026, approximately $765.8 million remained available under the repurchase authorization.
Source · Based on the MD&A text of the filing
Structured SEC financial data for this filing is not available yet. Please check the figures in the SEC 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.
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