What is Fortinet's raw materials?

Fortinet (FTNT) reported raw materials of $62.6M in Q1 2026.

How has Fortinet's raw materials changed year-over-year?

Fortinet's raw materials decreased by 22.4% year-over-year, from $80.7M to $62.6M.

What is the long-term trend for Fortinet's raw materials?

Over 5 years (2020 to 2025), Fortinet's raw materials has grown at a 35.0% compound annual growth rate (CAGR), from $13.8M to $61.9M.

What does raw materials mean?

Unprocessed materials and components purchased for use in manufacturing, valued at cost.

Fortinet FTNT Raw materials

Raw materials at other companies

A10 NetworksATEN

$11.45M-8.8%

FortiveFTV

$116.6M-48.2%

Hewlett Packard EnterpriseHPE

——

Other financials

Income statement

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Revenue$1.8B+20.1%

Gross profit$1.5B+19.1%

Operating income$580.0M+27.8%

Net income$534.5M+23.3%

EPS (diluted)$0.72+28.6%

Balance sheet

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Cash & equivalents$2.2B-38.2%

Total debt$567.2M-47.3%

Total equity$989.7M-49.6%

Total assets$9.9B-5.0%

Cash flow

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Operating cash flow$1.1B+24.8%

CapEx$70.6M+6.2%

Free cash flow$1.0B+26.3%

Valuation

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Market cap$106.44B-18.3%

Profitability

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Gross margin80.3%-1.0pp

Operating margin31.1%-0.4pp

Net margin27.5%-3.1pp

FCF margin34.3%+0.6pp

Returns & leverage

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Return on equity132.4%—

Debt / equity0.6×0.0×

Current ratio1.2×-0.2×

Where this comes from

Reported directly by Fortinet in its filing.

Tagged under the XBRL concept us-gaap:InventoryRawMaterialsNetOfReserves.

The official record: Fortinet’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Fortinet's raw materials?: Fortinet (FTNT) reported raw materials of $62.6M in Q1 2026.
How has Fortinet's raw materials changed year-over-year?: Fortinet's raw materials decreased by 22.4% year-over-year, from $80.7M to $62.6M.
What is the long-term trend for Fortinet's raw materials?: Over 5 years (2020 to 2025), Fortinet's raw materials has grown at a 35.0% compound annual growth rate (CAGR), from $13.8M to $61.9M.
What does raw materials mean?: Unprocessed materials and components purchased for use in manufacturing, valued at cost.