Fortinet, Inc. Q3 2025 Earnings Recap

Fortinet reported strong third-quarter 2025 results, with total billings growing 14% year-over-year to $1.81 billion, driven by robust demand across its cybersecurity solutions, particularly in Unified SASE and SecOps.

Key Takeaways

• Unified SASE billings surged 19%, with FortiSASE achieving over 100% growth, positioning Fortinet as a SASE market leader.
• Total revenue rose 14% to $1.72 billion, reflecting strong sales performance globally, particularly in EMEA and APAC.
• The number of large enterprise deals exceeding $1 million climbed by 26%, highlighting Fortinet's expanding footprint among larger clients.
• SecOps billing increased 33%, fueled by growing adoption of AI-driven security solutions as part of its comprehensive cybersecurity portfolio.
• Fortinet's operational technology solutions also saw more than 30% billing growth, showcasing its strength in critical infrastructure security.