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Operating Expense Breakdown
Details core costs like R&D, marketing, and admin, offering insight into how efficiently Fortinet runs and where it’s prioritizing investment.Fortinet has aggressively shifted resources into go‑to‑market and product development: sales & marketing and R&D have stepped up materially to fuel large-enterprise, SASE and AI-driven product adoption while G&A stays tightly managed. Management’s raised guidance and record margins imply these investments are buying meaningful billings and product momentum, but monitor the services conversion lag, component/memory cost pressure and sizable infrastructure spend—any slowdown in AI-driven demand or longer conversion timing could compress margins despite current operating leverage.
Date | Sales and Marketing | Research and Development | General and Administrative | Restructuring Charges | Gain on IP |
|---|---|---|---|---|---|
Jun 30, 2026 | $669.10M | $225.00M | $61.10M | $0.00 | -$1.30M |
Mar 31, 2026 | $636.30M | $214.00M | $56.20M | $0.00 | -$1.40M |
Dec 31, 2025 | $629.30M | $205.00M | $57.30M | $0.00 | -$1.40M |
Sep 30, 2025 | $583.50M | $202.40M | $61.40M | $0.00 | -$1.40M |
Jun 30, 2025 | $592.00M | $209.50M | $56.90M | $0.00 | -$1.30M |
Mar 31, 2025 | $542.70M | $198.60M | $57.80M | $0.00 | -$6.30M |
Dec 31, 2024 | $526.50M | $191.10M | $55.10M | $0.00 | -$1.20M |
Sep 30, 2024 | $515.90M | $187.30M | $71.70M | $0.00 | -$1.10M |
Jun 30, 2024 | $501.30M | $165.40M | $56.60M | $0.00 | -$1.20M |
Mar 31, 2024 | $501.10M | $173.00M | $54.40M | $0.00 | -$1.10M |