FTNT Q2 2024 Earnings — Fortinet, Inc. Revenue & Financial Results | Market Cap Arena

FTNTFortinet, Inc.

$63B

Q2 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$1.4B+10.9% YoY

Gross Profit

$1.2B80.8% margin

Operating Income

$437M30.5% margin

Net Income

$380M26.5% margin

EPS (Diluted)

$0.49

QoQ Revenue Growth

+6.0%

Cash Flow

Operating Cash Flow

$342M

Free Cash Flow

$319M

Stock-Based Comp.

$64M

Balance Sheet

Total Assets

$8.1B

Total Liabilities

$7.8B

Stockholders' Equity

$288M

Cash & Equivalents

$2.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.4B	$1.3B	+10.9%
Gross Profit	$1.2B	$997M	+16.3%
Operating Income	$437M	$279M	+56.7%
Net Income	$380M	$266M	+42.6%

Revenue Segments

Security Subscription

$559M39%

Product

$452M32%

Technical Support and Other

$424M30%

Geographic Segments

Americas

$595M42%

Europe, Middle East and Africa

$565M39%

Asia Pacific and Japan

$274M19%