FTNT · 10-Q · 2026Q3 · Full report

Share Repurchase Program

Fortinet, Inc. · 2026-10-30 · Importance 52 · Surprise 42 · In source text

In January 2026, the board authorized a $1.0 billion increase, bringing the repurchase program authorization to $10.25 billion through February 28, 2027. Fortinet repurchased 12.5 million shares for $972.8 million during the nine months ended September 30, 2026, with approximately $765.8 million remaining available at quarter-end. In October 2026, the board approved another $1.23 billion increase and extended the program through February 28, 2028, bringing total authorization to $11.48 billion; approximately $2.0 billion remained available as of October 29, 2026.

Key facts

• In October 2026, Fortinet's board approved a $1.23 billion increase in repurchase authorization and extended the program through February 28, 2028, bringing total authorized repurchases to $11.48 billion. source
• Fortinet's board approved a $1.0 billion increase in authorized repurchases in January 2026, bringing total authorization to $10.25 billion through February 28, 2027. source
• Approximately $2.0 billion remained available for Fortinet share repurchases as of October 29, 2026. source
• Approximately $765.8 million remained available under Fortinet's Repurchase Program at September 30, 2026. source
• Fortinet used $1.51 billion of cash in financing activities in the nine months ended September 30, 2026, including $972.8 million for share repurchases, $500.0 million to repay 2026 Senior Notes, and $14.2 million for tax withholding on net share settlement. source
• Fortinet repurchased 12.5 million shares for $972.8 million under its Repurchase Program in the nine months ended September 30, 2026. source

Impact estimates