Fortinet, Inc.
FTNTQ2 2025(FTNT Q1 FY2025)Estimated5.5% AI
AI Revenue %
5.5%
AI Fair Value
$1.8B
AI Revenue (Q)
$74.4M
Total Revenue (Q)
$1.4B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Fortinet Q1 calendar 2025 (mapped as Q1 FY2025). Total revenue $1,539.7M (Product $459.1M + Service $1,080.6M). Service revenue now represents 70.2% of total. The filing continues the three-pillar language from FY2024 10-K (secure networking, SASE, security operations). No AI-specific revenue is disclosed. Service revenue grew 14.4% YoY ($1,080.6M vs $944.4M), driven in part by expanding SecOps subscriptions and FortiAI adoption. Increasing slightly to 5.5% to reflect continued penetration of AI-driven security analytics and Lacework integration. $84.7M estimated AI / $1,539.7M total = ~5.5%.
Analyzed by claude-opus-4-6
Quoted Figures
Product revenue $459.1M, Service revenue $1,080.6M, Total revenue $1,539.7M
10-Q Condensed Consolidated Statements of Income, Q1 2025
fluctuations and changes in the mix of our sales from secure networking, unified SASE and security operations between products and services
10-Q Risk Factors
AI Products Identified (Ring 1)
FortiGuard AI-enhanced threat detectionFortiAI GenAI assistantAI-driven SecOpsLacework AI-powered cloud security
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 appliancesSASE offerings
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix