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Fortinet (FTNT)
NASDAQ:FTNT
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.59Last Year’s EPS
0.57Same Quarter Last Year
Moderate Buy
Based on 27 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: -6.44%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
Fortinet reported strong growth and maintained leadership in key market segments. However, macroeconomic uncertainties and potential tariff impacts present challenges. Despite these concerns, the company's innovation and customer acquisition efforts remain strong.Company Guidance
During the call, Fortinet provided guidance for the second quarter and full year of 2025. For the second quarter, the company expects billings between $1.685 billion and $1.765 billion, with a midpoint growth of 12%, and revenue between $1.59 billion and $1.65 billion, reflecting a midpoint growth of 13%. Non-GAAP gross margins are projected to be between 80% and 81%, with non-GAAP operating margins ranging from 31.5% to 32.5%. Earnings per share are anticipated to be between $0.58 and $0.60. For the full year, Fortinet expects billings to range from $7.2 billion to $7.4 billion, with revenue between $6.65 billion and $6.85 billion. The full-year guidance includes non-GAAP gross margins of 79% to 81% and non-GAAP operating margins of 31.5% to 33.5%. The company projects earnings per share to be between $2.43 and $2.49. Additionally, Fortinet plans infrastructure investments between $380 million and $430 million for the year, maintaining a non-GAAP tax rate of 18%. Despite challenges, Fortinet remains optimistic about achieving the rule of 45 for the sixth consecutive year.Strong Revenue and Growth
Fortinet reported a revenue growth of 14% and a record first quarter operating margin of 34%. Free cash flow was also a record at $783 million, representing a margin of 51%.
Unified SASE and Secure Operations Growth
Unified SASE billings grew by 18% and account for 25% of the business, while AI-driven secure operations billings increased by 29%, accounting for 10% of the business.
Market Leadership in Multiple Segments
Fortinet maintained its position as the number one deployed firewall vendor worldwide and a leader in SD-WAN and OT security.
New Customer Acquisition
The company saw a 14% increase in new logos, with over 6,300 new customers, driven by channel partner investments.
Innovative Product Launch
Fortinet announced the FortiGate 700G series, a high-performance firewall for mid-size businesses and distributed enterprises.
FTNT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FTNT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2025 | $106.72 | $97.74 | -8.41% |
Feb 06, 2025 | $104.72 | $107.66 | +2.81% |
Nov 07, 2024 | $83.68 | $92.04 | +9.99% |
Aug 06, 2024 | $55.81 | $69.93 | +25.30% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Fortinet (FTNT) report earnings?
Fortinet (FTNT) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Fortinet (FTNT) earnings time?
Fortinet (FTNT) earnings time is at Aug 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FTNT EPS forecast?
FTNT EPS forecast for the fiscal quarter 2025 (Q2) is 0.59.
