Fortinet, Inc.
FTNTQ2 2022(FTNT Q1 FY2022)Estimated2% AI
AI Revenue %
2%
AI Fair Value
$473.7M
AI Revenue (Q)
$19.1M
Total Revenue (Q)
$954.8M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Fortinet reports only two revenue lines: Product ($400.7M) and Service ($629.4M), totaling $1,030.1M for Q2 calendar 2022 (mapped as Q1 FY2022 in manifest). The company operates as a single reportable segment with no AI-specific revenue breakout. No mention of 'artificial intelligence,' 'machine learning,' 'FortiAI,' or 'SecOps' appears in this filing. FortiGuard subscriptions include some ML-based threat detection (antivirus, IPS, web filtering), but these are traditional security features, not separately priced AI products. Estimating ~2% based on the embedded ML component within FortiGuard subscription services. $20.6M estimated AI / $1,030.1M total = ~2.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Product revenue $400.7M, Service revenue $629.4M, Total revenue $1,030.1M
10-Q Condensed Consolidated Statements of Income, Q2 2022
We rely significantly on revenue from FortiGuard security subscription and FortiCare technical support services
10-Q Risk Factors
AI Products Identified (Ring 1)
FortiGuard ML-based threat detection (embedded)
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
FortiGuard security subscriptionsFortiCare technical supportFortiGate firewall appliances
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix