FTNT · 10-Q · 2026Q3 · Full report

Trade Policy and Tariffs

Fortinet, Inc. · 2026-10-30 · Importance 20 · Surprise 24

Fortinet currently does not expect U.S. tariffs to have a meaningful impact on gross margin in 2026. It warns that higher tariff rates, changes in customs or tariff classifications, or modifications to tariff exemptions could adversely affect gross margin, primarily through hardware sales to U.S. customers. The filing also says U.S. tariffs and potential retaliatory tariffs by other countries could increase product costs and affect customer purchase sentiment, but does not quantify those potential impacts.

Key facts

• Fortinet did not expect U.S. tariffs to meaningfully affect gross margin, but changes in trade policy could adversely affect future gross margin, primarily on hardware sales to U.S. customers. source
• Fortinet's U.S. tariffs and possible retaliatory tariffs could increase product costs, disrupt global supply chains and trade, and affect customer purchasing sentiment; Fortinet was monitoring tariff impacts. source