Fortinet, Inc.
FTNTQ3 2022(FTNT Q2 FY2022)Estimated2% AI
AI Revenue %
2%
AI Fair Value
$487.0M
AI Revenue (Q)
$20.6M
Total Revenue (Q)
$1.0B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Fortinet Q3 calendar 2022 (mapped as Q2 FY2022). Total revenue $1,149.5M (Product $482.1M + Service $667.4M for the quarter, derived from 9-month vs 6-month statements). No AI-specific disclosure in this filing. Same product/service structure with no AI breakout. FortiGuard ML-based threat intelligence is embedded but not separately quantified. Estimating ~2%. $23.0M estimated AI / $1,149.5M total = ~2.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Total revenue for nine months ended September 30, 2022: $3,134.4M
10-Q Condensed Consolidated Statements of Income
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