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Fortinet FTNT Transfers of evaluation units and equipment from inventory to property and equipment

Transfers of evaluation units and equipment from inventory to property and equipment at other companies

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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$109.85B+43.7%
Enterprise value$108.19B+46.4%
P/E56.2×+15.5×
P/S15.5×+3.0×

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 ftnt:TransfersofEvaluationUnitsfromInventorytoPropertyandEquipment.

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 transfers of evaluation units and equipment from inventory to property and equipment?
Fortinet (FTNT) reported transfers of evaluation units and equipment from inventory to property and equipment of $6.4M in Q1 2026.
How has Fortinet's transfers of evaluation units and equipment from inventory to property and equipment changed year-over-year?
Fortinet's transfers of evaluation units and equipment from inventory to property and equipment increased by 3.2% year-over-year, from $6.2M to $6.4M.
What is the long-term trend for Fortinet's transfers of evaluation units and equipment from inventory to property and equipment?
Over 4 years (2021 to 2025), Fortinet's transfers of evaluation units and equipment from inventory to property and equipment has grown at a 16.4% compound annual growth rate (CAGR), from $15.9M to $29.2M.
What does transfers of evaluation units and equipment from inventory to property and equipment mean?
This metric tracks the reclassification of inventory items into property and equipment, typically when units are moved from sales stock to internal use or demonstration purposes. It reflects the company's investment in internal infrastructure or customer evaluation programs. This helps analysts distinguish between inventory sold and inventory repurposed for internal operations.