For the quarter ended September 2025, Fortinet (FTNT) reported revenue of $1.72 billion, up 14.4% over the same period last year. EPS came in at $0.74, compared to $0.63 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.7 billion, representing a surprise of +1.34%. The company delivered an EPS surprise of +17.46%, with the consensus EPS estimate being $0.63.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Fortinet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total billings (Non-GAAP): $1.81 billion compared to the $1.8 billion average estimate based on 11 analysts.
- Geographic revenues- Americas: $680.5 million versus the two-analyst average estimate of $689.75 million. The reported number represents a year-over-year change of +9.1%.
- Revenue- Asia Pacific and Japan: $330.7 million versus the two-analyst average estimate of $328.44 million. The reported number represents a year-over-year change of +16.1%.
- Revenue- Europe Middle East and Africa: $713.7 million compared to the $676.71 million average estimate based on two analysts. The reported number represents a change of +19.1% year over year.
- Revenue- Services: $1.17 billion versus the 13-analyst average estimate of $1.17 billion. The reported number represents a year-over-year change of +12.7%.
- Revenue- Product: $559.3 million versus $532.95 million estimated by 13 analysts on average. Compared to the year-ago quarter, this number represents a +18% change.
- Revenue- Services- Security subscription: $672 million versus the two-analyst average estimate of $676.2 million.
- Revenue- Services- Technical support and other: $493.6 million compared to the $491.38 million average estimate based on two analysts.
- Gross profit- Product Non-GAAP: $380.6 million versus the 10-analyst average estimate of $348.77 million.
- Gross profit- Service Non-GAAP: $1.03 billion versus $1.02 billion estimated by 10 analysts on average.
- Gross profit- Product: $378.6 million versus $337.8 million estimated by four analysts on average.
- Gross profit- Services: $1.01 billion versus $1.02 billion estimated by four analysts on average.
View all Key Company Metrics for Fortinet here>>>
Shares of Fortinet have returned +0.4% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Fortinet, Inc. (FTNT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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