Filings monitor · FTNT

What Fortinet, Inc.'s SEC filings said

10-Q for 2026Q3, filed 30 Oct 2026. Each line is something a filing stated, ranked by score and linked to its source.

Ranked highest

1. Supply Chain Commitments89 · importance in its document · 10-Q · 2026Q3
   Inventory purchase commitments totaled $1.93 billion at September 30, 2026, up $1.12 billion from $810.6 million at December 31, 2025. The increase reflected efforts to optimize inventory and commitments in response to customer demand…
2. Share Repurchase Program83 · importance in its document · 8-K exhibit · 28 Oct 2026
   Fortinet increased its share repurchase authorization by $1.2 billion, leaving $2.0 billion available. It repurchased and retired $972.8 million of common stock during the first nine months of 2026, compared with $2,232.6 million in the…
3. Operating Cash Flow Trends79 · importance in its document · 10-Q · 2026Q3
   Operating activities provided $3.07 billion in cash during the nine months ended September 30, 2026, compared with $1.97 billion in the prior-year period. The increase reflected continued business growth, improved profitability, and…
4. Market Demand Trends73 · importance in its document · 8-K exhibit · 28 Oct 2026
   Fortinet reported broad-based demand across its portfolio in the third quarter of 2026. Billings increased 29% year over year to $2.34 billion, a demand indicator that reflects current and future revenue activity. The company said this…
5. Liquidity and Cash Position69 · importance in its document · 10-Q · 2026Q3
   At September 30, 2026, Fortinet held $5.32 billion in cash, cash equivalents, and investments, up from $3.92 billion at December 31, 2025; working capital rose to $2.02 billion from $866.2 million. Operating activities generated $3.07…

Ranked by score, 0–100. A topic read from a document carries its importance within that document; an 8-K event carries the rule score that ranks a filing among filings. Neither is about the share price, and the two scales are named on each row because they are not the same measure.

Latest report: 10-Q · 2026Q3 filed 30 Oct 2026

Full report · Filing on EDGAR

• Supply Chain CommitmentsImportance 89 · +2 more on this subject
  Inventory purchase commitments totaled $1.93 billion at September 30, 2026, up $1.12 billion from $810.6 million at December 31, 2025. The increase reflected efforts to optimize inventory and commitments in response to…
• Operating Cash Flow TrendsImportance 79
  Operating activities provided $3.07 billion in cash during the nine months ended September 30, 2026, compared with $1.97 billion in the prior-year period. The increase reflected continued business growth, improved…
• Liquidity and Cash PositionImportance 69
  At September 30, 2026, Fortinet held $5.32 billion in cash, cash equivalents, and investments, up from $3.92 billion at December 31, 2025; working capital rose to $2.02 billion from $866.2 million. Operating activities…
• Guidance / OutlookImportance 69
  For the remainder of 2026, Fortinet expects product revenue and service revenue each to continue growing year over year. For full-year 2026, management expects operating margin to increase slightly compared with 2025,…
• Market Demand TrendsImportance 65
  Fortinet reported higher customer demand for higher-performance products, alongside increased unit shipments and higher average selling prices. Product growth was driven by secure networking hardware and term licenses,…
• Capital Expenditure OutlookImportance 60
  Fortinet expects to increase data center, PoP, office, and warehouse capacity to support business growth and expansion of existing services or introduction of new services. It estimates full-year 2026 capital…
• Revenue Performance and MixImportance 59 · +1 more on this subject
  Total revenue increased 20% to $2.08 billion in the three months ended September 30, 2026, and increased 22% to $5.98 billion in the nine months ended September 30, 2026. Product revenue grew 37% to $765.0 million in…
• Operating Income and MarginsImportance 59
  Third-quarter operating income increased 29% to $704.3 million, while operating margin expanded 2.2 percentage points to 33.9%. For the first nine months, operating income increased 35% to $1.97 billion and operating…
• Interest Expense TrendsImportance 53 · +1 more on this subject
  Third-quarter interest expense declined $3.2 million, or 52%, year over year, to $3.0 million. The reduction primarily reflected repayment of Fortinet's 2026 Senior Notes at maturity in March 2026. Interest income…
• Share Repurchase ProgramImportance 52
  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…
• Income Tax Rate ChangesImportance 40
  Fortinet's effective tax rate was 16% in the third quarter of 2026, down from 20% in the same quarter of 2025. The decrease primarily reflected a larger FDDEI deduction and increased excess tax benefits from…
• Outstanding IndebtednessImportance 32
  Fortinet repaid the full $500.0 million principal amount of its 2026 Senior Notes at maturity on March 15, 2026. As of September 30, 2026, long-term debt was $497.1 million, consisting of the 2031 Senior Notes net of…

Capital spending check: Capital spending cut sharply (Flagged, rule score 50).

8-K filings last 12 months

• Guidance raised28 Oct 2026 · 8-K Item 2.02 · Flagged · rule score 60
  “Fortinet Reports Strong Third Quarter 2026 Financial Results Raises 2026 revenue guidance to 20% year over year growth Highlights”
  Read from the attached exhibit: Share Repurchase Program · Market Demand Trends · Guidance / Outlook
• Results (release not read)29 Jul 2026 · 8-K Item 2.02 · Routine · rule score 20
• Results (release not read)6 May 2026 · 8-K Item 2.02 · Routine · rule score 20
• Results (release not read)5 Feb 2026 · 8-K Item 2.02 · Routine · rule score 20

Topics are read from the text of the 10-K, 10-Q or the exhibit attached to an 8-K, each linked to the passage it came from. 8-K events are labelled by fixed rules from the item codes and the filing text — the same rules for every company and every year. The Full Picture merges these with earnings calls and news.