FTNT Q2 2023 Earnings — Fortinet, Inc. Revenue & Financial Results | Market Cap Arena

FTNTFortinet, Inc.

$63B

Q2 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$1.3B+25.5% YoY

Gross Profit

$997M77.1% margin

Operating Income

$279M21.6% margin

Net Income

$266M20.6% margin

EPS (Diluted)

$0.33

QoQ Revenue Growth

+2.4%

Cash Flow

Operating Cash Flow

$515M

Free Cash Flow

$438M

Stock-Based Comp.

$65M

Balance Sheet

Total Assets

$7.5B

Total Liabilities

$7.2B

Stockholders' Equity

$321M

Cash & Equivalents

$2.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.3B	$1.0B	+25.5%
Gross Profit	$997M	$779M	+27.9%
Operating Income	$279M	$195M	+42.9%
Net Income	$266M	$174M	+53.5%

Revenue Segments

Product

$473M37%

Security Subscription

$457M35%

Technical Support and Other

$363M28%

Geographic Segments

Americas

$537M42%

Europe, Middle East and Africa

$507M39%

Asia Pacific and Japan

$249M19%