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Fortinet, Inc. filed its quarterly report on Form 10-Q for the period ended September 30, 2026 with the U.S. Securities and Exchange Commission, disclosing financial and operational information for its third fiscal quarter of 2026.

Key Highlights

  • Share count: As of October 27, 2026, there were 734,709,741 shares of common stock outstanding, according to the filing.
  • Large accelerated filer: Fortinet is classified as a large accelerated filer under Rule 12b-2 of the Exchange Act, as indicated in the filing.
  • Filing period: The quarterly report covers the period ended September 30, 2026.
  • Key risk flagged: The company disclosed that billings, revenue, and free cash flow growth "may slow," and that operating margins "may decline" under certain conditions.
  • AI risk noted: The filing states the company "may not be successful" in its artificial intelligence initiatives, and that "market perceptions regarding AI-related disruption could adversely affect" its business, reputation, financial results, or stock price.
  • International exposure: The company disclosed that it generates "the majority" of its billings, revenue, and cash flow from sales outside of the United States.

Fortinet Quarterly Filing Details for the Quarter Ended September 30, 2026

Fortinet, Inc. (NASDAQ:FTNT), a Delaware-incorporated cybersecurity company headquartered at 909 Kifer Road, Sunnyvale, California 94086, submitted its Form 10-Q for the quarter ended September 30, 2026. The filing confirmed that as of October 27, 2026, 734,709,741 shares of the registrant's common stock were outstanding. The company's common stock carries a par value of $0.001 per share and is listed on The Nasdaq Stock Market LLC under the trading symbol FTNT.

The filing identified a range of risk factors that the company said could affect its operating results. Among them, the company disclosed that "adverse economic conditions, such as a possible economic downturn or recession, and possible impacts of inflation or stagflation, tariffs, trade policies or other trade disruptions, geopolitical instability and conflicts, changing interest rates, changes in government spending or regulation or reduced information technology ('IT') spending, including firewall spending, may adversely impact our business." The company also noted supply chain exposure, stating that some key components in its products come from limited sources of supply.

The filing further disclosed risks tied to channel partner concentration, noting that Fortinet relies on third-party channel partners for "substantially all" of its billings and revenue, and that "a small number of distributors represent a large percentage" of its revenue and accounts receivable. On the product security front, the company stated that its Product Security Incident Response Team publicly posts known product vulnerabilities, including critical vulnerabilities, and methods for customers to mitigate risk, while cautioning that "there can be no assurance that such posts will be sufficiently timely, accurate or complete."

What Was Disclosed

Fortinet filed its Form 10-Q for the quarter ended September 30, 2026, reporting 734,709,741 shares outstanding as of October 27, 2026, and disclosing a broad set of risk factors covering economic conditions, supply chain exposure, AI initiatives, and international revenue concentration.