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Fortinet10-Q: Margin pressure

Total gross margin decreased 1.8 percentage points to 79.0% due to revenue mix shift

Source: Autobound Signal API · 151 signals tracked for Fortinet · updated

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What happened

Fortinet reported total gross margin fell 1.8 percentage points to 79.0% for the three months ended September 30, 2026, primarily driven by a shift from service revenue to lower-margin product revenue.

Source

SEC EDGAROct 29, 2026

Quarterly report (Form 10-Q)

Fortinet 10-Q for Quarter ended Sep 30, 2026

Filing excerpt

Total gross margin was 79.0% and 79.8% during the three and nine months ended September 30, 2026, a decrease of 1.8 and 1.0 percentage points, respectively, compared to 80.8% in the same periods last year.

sec.gov/Archives/edgar/data/1262039/000126203926000027/ftnt-20260930.htmRead the full source

Other signals in this filing (2)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Margin pressure

What this signalsFilings often name leadership changes, deals and spending plans.

Period
Quarter ended Sep 30, 2026
Fiscal year end
09/30
Filed
Oct 29, 2026

More 10-Q signals at other companies

The full record

From the Signal API record

Numbers

Percent
-1.8% (decrease in total gross margin for the three months ended September 30, 2026)

Details

CIK
1262039
Accession number
0001262039-26-000027
Timeframe
Current quarter
Quarter
Q3
Filing year
2026
Period end date
Sep 30, 2026
Why it matters
Efficiency tools needed
Signal category
Financial

Extraction

Confidence
High
Relevance
75%
Sentiment
Negative
Detected
Nov 3, 2026
signal_type
sec-10q
signal_subtype
marginPressure

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The API returns more than this page shows

This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/6635bebc-311a-406e-81bb-7c93c13c3375 returns this record as JSON. POST /v1/companies/enrich returns every signal for fortinet.com.

{
  "signal_id": "6635bebc-311a-406e-81bb-7c93c13c3375",
  "signal_type": "sec-10q",
  "signal_subtype": "marginPressure",
  "detected_at": "2026-11-03T07:04:07.334+00:00",
  "company": {
    "name": "Fortinet",
    "domain": "fortinet.com"
  },
  "data": {
    "detail": "Fortinet reported total gross margin fell 1.8 percentage points to 79.0% for the three months ended September 30, 2026, primarily driven by a shift from service revenue to lower-margin product revenue. Sellers offering hardware cost optimization or gross margin improvement solutions may find opportunities as Fortinet navigates higher component costs.",
    "metrics": {
      "pct": -0.018,
      "timeframe": "current_quarter",
      "pct_context": "decrease in total gross margin for the three months ended September 30, 2026"
    },
    "quarter": "Q3",
    "summary": "Total gross margin decreased 1.8 percentage points to 79.0% due to revenue mix shift",
    "excerpts": "Total gross margin was 79.0% and 79.8% during the three and nine months ended September 30, 2026, a decrease of 1.8 and 1.0 percentage points, respectively, compared to 80.8% in the same periods last year.",
    "relevance": 0.75,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1262039/000126203926000027/ftnt-20260930.htm",
    "filing_date": "2026-10-29",
    "filing_year": 2026,
    "fiscal_year": 2026,
    "fiscal_year_end": "09/30",
    "period_end_date": "2026-09-30",
    "sales_relevance": "Efficiency tools needed",
    "signal_category": "financial"
  }
}

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