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Invest in FTNT
$103.16
-0.460 (-0.444%)
At Close: May 23, 2025
Fortinet Earnings Calls
Q1 2025
Beat
$0.580 (9.23%)
| Release date | May 07, 2025 |
| EPS estimate | $0.531 |
| EPS actual | $0.580 |
| EPS Surprise | 9.23% |
| Revenue estimate | 1.538B |
| Revenue actual | 1.54B |
| Revenue Surprise | 0.0787% |
Q4 2024
Beat
$0.740 (23.33%)
| Release date | Feb 06, 2025 |
| EPS estimate | $0.600 |
| EPS actual | $0.740 |
| EPS Surprise | 23.33% |
| Revenue estimate | 1.593B |
| Revenue actual | 1.66B |
| Revenue Surprise | 4.24% |
Q3 2024
Beat
$0.630 (21.15%)
| Release date | Nov 07, 2024 |
| EPS estimate | $0.520 |
| EPS actual | $0.630 |
| EPS Surprise | 21.15% |
| Revenue estimate | 1.48B |
| Revenue actual | 1.508B |
| Revenue Surprise | 1.92% |
Q2 2024
Beat
$0.570 (39.02%)
| Release date | Aug 06, 2024 |
| EPS estimate | $0.410 |
| EPS actual | $0.570 |
| EPS Surprise | 39.02% |
| Revenue estimate | 1.405B |
| Revenue actual | 1.434B |
| Revenue Surprise | 2.09% |
Last 4 Quarters for Fortinet
Below you can see how FTNT performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Q2 2024
Beat
| Release date | Aug 06, 2024 |
| Fiscal end date | Jun 30, 2024 |
| Price on release | $55.81 |
| EPS estimate | $0.410 |
| EPS actual | $0.570 |
| EPS surprise | 39.02% |
| Date | Price |
|---|---|
| Jul 31, 2024 | $58.04 |
| Aug 01, 2024 | $57.20 |
| Aug 02, 2024 | $56.51 |
| Aug 05, 2024 | $55.39 |
| Aug 06, 2024 | $55.81 |
| Aug 07, 2024 | $69.93 |
| Aug 08, 2024 | $68.68 |
| Aug 09, 2024 | $69.69 |
| Aug 12, 2024 | $70.36 |
| 4 days before | -3.84% |
| 4 days after | 26.07% |
| On release day | 25.30% |
| Change in period | 21.23% |
Q3 2024
Beat
| Release date | Nov 07, 2024 |
| Fiscal end date | Sep 30, 2024 |
| Price on release | $83.68 |
| EPS estimate | $0.520 |
| EPS actual | $0.630 |
| EPS surprise | 21.15% |
| Date | Price |
|---|---|
| Nov 01, 2024 | $78.80 |
| Nov 04, 2024 | $78.84 |
| Nov 05, 2024 | $77.92 |
| Nov 06, 2024 | $80.87 |
| Nov 07, 2024 | $83.68 |
| Nov 08, 2024 | $92.04 |
| Nov 11, 2024 | $97.18 |
| Nov 12, 2024 | $99.15 |
| Nov 13, 2024 | $97.88 |
| 4 days before | 6.19% |
| 4 days after | 16.97% |
| On release day | 9.99% |
| Change in period | 24.21% |
Q4 2024
Beat
| Release date | Feb 06, 2025 |
| Fiscal end date | Dec 31, 2024 |
| Price on release | $104.72 |
| EPS estimate | $0.600 |
| EPS actual | $0.740 |
| EPS surprise | 23.33% |
| Date | Price |
|---|---|
| Jan 31, 2025 | $100.88 |
| Feb 03, 2025 | $100.90 |
| Feb 04, 2025 | $102.78 |
| Feb 05, 2025 | $105.07 |
| Feb 06, 2025 | $104.72 |
| Feb 07, 2025 | $107.44 |
| Feb 10, 2025 | $109.55 |
| Feb 11, 2025 | $108.33 |
| Feb 12, 2025 | $107.70 |
| 4 days before | 3.81% |
| 4 days after | 2.85% |
| On release day | 2.60% |
| Change in period | 6.76% |
Q1 2025
Beat
| Release date | May 07, 2025 |
| Fiscal end date | Mar 31, 2025 |
| Price on release | $106.72 |
| EPS estimate | $0.531 |
| EPS actual | $0.580 |
| EPS surprise | 9.23% |
| Date | Price |
|---|---|
| May 01, 2025 | $104.21 |
| May 02, 2025 | $106.18 |
| May 05, 2025 | $108.69 |
| May 06, 2025 | $107.14 |
| May 07, 2025 | $106.72 |
| May 08, 2025 | $97.74 |
| May 09, 2025 | $97.42 |
| May 12, 2025 | $102.04 |
| May 13, 2025 | $105.05 |
| 4 days before | 2.41% |
| 4 days after | -1.56% |
| On release day | -8.41% |
| Change in period | 0.81% |
Fortinet Earnings Call Transcript Summary of Q1 2025
Fortinet Q1 2025 Earnings Call Summary for Investors
Key Financial Highlights:
- Revenue Growth: Fortinet achieved a 14% increase in total revenue, totaling $1.54 billion, driven by:
- Product Revenue: Up 12% to $459 million.
- Service Revenue: Grew 14%, comprising 70% of total revenue.
- Operating Margins: Achieved a record operating margin of 34.2%, well above guidance.
- Cash Flow: Recorded $783 million in free cash flow, with a margin of 51%.
- New Customers: Increased new logos by 14%, totaling over 6,300.
Strategic Growth Areas:
- Unified SASE: Grew by 18%, now accounting for 25% of total billings.
- AI-Driven SecOps: Increased by 29%, representing 10% of total business.
- Sovereign SASE: Tailored solutions for large enterprises needing data control in compliance-heavy sectors (government, finance, etc.).
- OT Security Growth: Emerging as a key focus area driven by the rise in connected devices.
Market Positioning:
- Fortinet remains the number one deployed firewall vendor globally and is a leader in SD-WAN and OT security.
- Integrated solution offerings, leveraging FortiOS across various security functions, positioned Fortinet favorably.
Forecast and Guidance:
- Q2 2025 Outlook:
- Billings projected between $1.685 billion to $1.765 billion (midpoint growth of 12%).
- Revenue forecast: $1.59 billion to $1.65 billion (midpoint growth of 13%).
- Non-GAAP operating margin expected between 31.5% and 32.5%; earnings per share anticipated in the range of $0.58 to $0.60.
- Full Year 2025 Guidance:
- Billings: $7.2 billion to $7.4 billion (midpoint growth of 12%).
- Revenue: $6.65 billion to $6.85 billion (midpoint growth of 13%).
Key Risks and Considerations:
- Ongoing economic uncertainties may influence customer purchasing behavior and investment decisions.
- FX headwinds due to a weaker U.S. dollar could impact margins.
- CFO Keith Jensen will step down on May 15, transitioning responsibilities to Christiane Ohlgart.
Investors should note:
Fortinet's strong momentum in both product and service areas and its ability to effectively manage costs, even amidst geopolitical and economic challenges, positions the company for continued growth. However, investor caution is advised given the evolving market dynamics and potential impacts from customer spending behaviors.
Fortinet Earnings History
Earnings Calendar
FAQ
When is the earnings report for FTNT?
Fortinet (FTNT) has scheduled its earnings report for Aug 05, 2025 after the markets close.
What is the FTNT price-to-earnings (P/E) ratio?
FTNT P/E ratio as of May 23, 2025 (TTM) is 42.17.
What is the FTNT EPS forecast?
The forecasted EPS (Earnings Per Share) for Fortinet (FTNT) for the first fiscal quarter 2025 is $0.590.
What are Fortinet's retained earnings?
On its balance sheet, Fortinet reported retained earnings of $1.54 billion for the latest quarter ending Mar 31, 2025.
What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.
Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.
What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
