Earning Analysis
Welcome to our in-depth analysis of Fortinet Inc(FTNT) earnings, offering investors a detailed look into the company’s financial performance, revenue trends, earnings per share (EPS), and market reactions. This page provides a comprehensive overview of Fortinet Inc earnings history, forecasts, and key financial metrics, empowering you with the data needed to make informed investment decisions. Whether you're tracking quarterly results, analyzing earnings surprises, or exploring future projections, our detailed breakdown covers it all.
Earnings Forecast
Revenue
EPS
Currency: USD
Actual
Estimate
Surprise Analysis
| FY2025Q3 | 2025-11-05 | After Hours | 0.63 | 0.74 | +17.46 | 1.70B | 1.72B | +1.18 | -6.34 | -2.71 |
| FY2025Q2 | 2025-08-06 | After Hours | 0.59 | 0.64 | +8.47 | 1.63B | 1.63B | +0.25 | -22.03 | -18.75 |
| FY2025Q1 | 2025-05-07 | After Hours | 0.53 | 0.58 | +9.43 | 1.54B | 1.54B | -0.07 | -8.41 | -1.56 |
| FY2024Q4 | 2025-02-06 | After Hours | 0.61 | 0.74 | +21.31 | 1.60B | 1.66B | +4.05 | +2.81 | +5.02 |
| FY2024Q2 | 2024-08-06 | - | 0.33 | 0.50 | +51.52 | 1.40B | 1.43B | +2.30 | +0.76 | +27.03 |
| FY2024Q1 | 2024-05-02 | - | 0.31 | 0.39 | +25.81 | 1.34B | 1.35B | +1.01 | +2.63 | -6.14 |
| FY2023Q4 | 2024-02-06 | - | 0.37 | 0.42 | +13.51 | 1.41B | 1.42B | +0.45 | +2.10 | +6.31 |
| FY2023Q3 | 2023-11-02 | - | 0.30 | 0.35 | +16.67 | 1.35B | 1.33B | -1.11 | +0.49 | -12.34 |
| FY2023Q2 | 2023-08-03 | - | 0.27 | 0.31 | +14.81 | 1.30B | 1.29B | -0.72 | +1.94 | -19.56 |
| - | 2023-05-04 | - | 0.22 | 0.29 | +31.82 | - | - | - | +1.14 | +10.78 |
FTNT Earnings Analysis
Our earnings analysis provides a granular look at the company’s performance across recent fiscal quarters, highlighting key metrics such as revenue, EPS, and operating margins. By examining actual results against analyst estimates, we uncover trends and surprises that drive stock price movements, offering valuable insights for both short-term traders and long-term investors.
In the most recent quarter, Fortinet Inc reported performance for FY2025Q3, announced on 2025-11-05. The company achieved an EPS of 0.74, compared to analyst estimates of 0.63 by 17.46% . Revenue for the quarter reached 1.72B compared to expectations of 1.70B by 1.18% .
The stock price reacted with a -6.34% one-day change and a -2.71% five-day change following the earnings release. These movements reflect market reaction in Fortinet Inc growth trajectory and strategic initiatives.
FTNT Earnings Forecast
Looking ahead, Fortinet Inc(FTNT) remains a focal point for investors seeking growth opportunities. Analyst forecasts for 2025/Q4 project quarter revenue of 1.86B and an EPS of 0.74.
However, recent estimate revisions provide additional context. Over the past three months, revenue estimates for FY2025 have been Revise Upward by 0.04%, while EPS estimates have been Revise Upward by 6.89%. For the upcoming Q4 2025, revenue estimates have been adjusted Revise Downward by -0.93% . These revisions correlate with a 8.06% change in stock price over the same period, suggesting potential buying opportunities for investors who believe in Fortinet Inc long-term fundamentals.
The relationship between earnings forecast revisions and stock price movements is critical for investors. Positive revisions in revenue or EPS often signal strengthening fundamentals, making temporary price dips attractive entry points. Conversely, downward revisions may reflect short-term challenges.
Estimate Revision
The chart shows the correlation between FTNT's stock price and earnings forecast revisions. Positive revisions in Revenue or EPS often strengthen the stock's fundamentals, making price dips potential buying opportunities.
Revenue Estimates for FY2025
Revise Upward
+0.04%
In Past 3 Month
EPS Estimates for FY2025
Revise Upward
+6.89%
In Past 3 Month
Revenue Estimates for Q4 2025
Revise Downward
-0.93%
In Past 3 Month
Stock Price
Go Up
+8.06%
In Past 3 Month
1Y
3Y
5Y
Annual FY 2025
Currency: USD
1Y
3Y
5Y
--
Revenue Estimate-Annual FY 2025:6.75B
--
EPS Estimate-Annual FY 2025:2.69
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Stock Price85.18
FTNT Revenue and EPS Performance: A Historical Perspective
Fortinet Inc revenue and earnings per share (EPS) performance over recent quarters provides a clear picture of its financial health. Below is a detailed breakdown of the company’s earnings history, showcasing actual results, analyst estimates, and surprise percentages for key fiscal quarters:
FY2025Q3 (2025-11-05,After Hours):
EPS: 0.74 (Actual) vs.0.63 (Estimate) (17.46%)
Revenue: 1.72B (Actual) vs. 1.70B (Estimate) (1.18%)
Price Reaction: -6.34%(1-Day), -2.71%(5-Day)
FY2025Q2 (2025-08-06,After Hours):
EPS: 0.64 (Actual) vs.0.59 (Estimate) (8.47%)
Revenue: 1.63B (Actual) vs. 1.63B (Estimate) (0.25%)
Price Reaction: -22.03%(1-Day), -18.75%(5-Day)
FY2025Q1 (2025-05-07,After Hours):
EPS: 0.58 (Actual) vs.0.53 (Estimate) (9.43%)
Revenue: 1.54B (Actual) vs. 1.54B (Estimate) (-0.07%)
Price Reaction: -8.41%(1-Day), -1.56%(5-Day)
Earnings Reaction
The chart below shows how FTNT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FTNT sees a +0.09% change in stock price 10 days leading up to the earnings, and a -2.26% change 10 days following the report. On the earnings day itself, the stock moves by +0.96%. This data can give you a slight idea of what to expect for the next quarter's release.
For example, in SEP/2025, the stock changed -6.34% on the day following the earnings release and then changed by -7.28% over the next 10 days. These patterns provide investors with valuable insights into potential price movements and help inform trading strategies around earnings events.
Transcript Summary
Fortinet Inc (FTNT) Q3 2025 Earnings Call Summary
Positive
2025-11-05
The earnings call highlights strong financial performance with optimistic growth guidance, especially in product revenue. The Q&A reveals confidence in product and service adoption, particularly in SD-WAN and OT security, with no significant headwinds. While some responses were unclear, the overall sentiment is positive, driven by growth in strategic areas and integrated solutions. The lack of specific guidance for 2026 does not overshadow the positive outlook for the upcoming quarters.
Fortinet Inc (FTNT) Q2 2025 Earnings Call Summary
Positive
2025-08-06
The earnings call highlights strong growth in Unified SASE and AI-driven secure operations, positive guidance for revenue and billings, and strategic investments in OT security and AI capabilities. Despite some uncertainties in service revenue growth and management's cautious guidance, the overall sentiment is positive, with promising new product developments and market expansion. The Q&A section further supports optimism with strong future growth drivers like SASE and SecOps, outweighing short-term margin impacts. The lack of market cap data prevents a precise prediction, but the sentiment leans towards a positive stock movement.
Fortinet Inc (FTNT) Q1 2025 Earnings Call Summary
Positive
2025-05-09
Fortinet's earnings call showed strong financial performance with record operating margins and significant revenue growth. The optimistic guidance for the year, despite cautious short-term guidance, suggests confidence in future growth. The share repurchase plan is a positive sign for shareholder returns. However, competitive pressures and economic uncertainties present risks. Overall, the positive aspects outweigh the negatives, leading to a likely positive stock price reaction.
Fortinet Inc (FTNT) Q1 2025 Earnings Call Summary
Positive
2025-05-07
The earnings call reveals strong financial performance with record operating margins, significant revenue growth, and positive cash flow. Despite some hesitancy in guidance due to geopolitical uncertainties, management shows confidence in future growth driven by new product releases and strong enterprise activity. Share repurchases add to shareholder value. The Q&A section highlights some uncertainties, but overall sentiment remains positive with a focus on growth opportunities and market share gains. Given the strong financial metrics and optimistic outlook, a positive stock price movement is anticipated in the short term.
Fortinet Inc (FTNT) Q4 2024 Earnings Call Summary
Positive
2025-02-07
The earnings report shows strong financial performance with significant revenue and margin growth, along with a robust EPS increase. Despite some concerns over tariff impacts and cautious billings guidance, the overall sentiment is bolstered by strong cash flow, a large buyback authorization, and strategic advancements in product offerings. The Q&A section reveals some uncertainties, but the company's strategic positioning and growth potential in key areas like SaaS and SecOps remain positive. Given these factors, a positive stock price movement is anticipated.
Fortinet, Inc. (FTNT) Q3 2024 Earnings Call Summary
Positive
2024-11-08
The earnings call highlights a strong financial performance with record operating margins and significant share buybacks. Product development shows promising growth in Unified SASE and AI-driven Secure Ops. Market strategy is robust with a focus on SASE differentiation. Expenses are well-managed, and the shareholder return plan is favorable. The Q&A reveals confidence in growth, despite some unclear responses. The guidance for 2024 suggests steady growth, and the acquisition of Lacework expands market opportunities. Overall, the sentiment is positive, with potential for a stock price increase of 2% to 8%.
Fortinet, Inc. (FTNT) Q2 2024 Earnings Call Summary
Positive
2024-08-07
The earnings call highlights strong software license revenue growth, improved gross margins, and robust free cash flow, while the Q&A indicates stable operating margins and no price pressure. Despite a 4% decline in product revenue, the positive aspects, including a 14-point growth in product sales quarter-over-quarter and significant share buybacks, suggest a positive sentiment. The overall outlook is optimistic, with management anticipating a firewall refresh and maintaining billing guidance, leading to a positive stock price prediction over the next two weeks.
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FAQ
What were the key highlights of FTNT’s latest earnings report for FY2025Q3?
How did FTNT’s stock price react after the FY2025Q3 earnings release?
What are the revenue and EPS estimates for FTNT for 2025/Q4?
How does FTNT’s stock price correlate with earnings forecast revisions?
What should investors expect from FTNT’s next earnings report?