Fortinet authorizes $1B for stock buybacks

How big is it?

Fortinet bought back $2.9B of stock in the twelve months to Jun 30, 2026. At that pace, $1.0B covers about 4 months of buybacks.

The amount equals 31% of its free cash flow over the same twelve months ($3.2B).

Its diluted share count is down 4.2% from a year earlier.

An authorization is permission, not a promise: the company can buy less, more slowly, or not at all, and usually doesn't have to say when it buys.

Full Fortinet buyback record →