FTNT

Fortinet, Inc.

168.81^post+$0.52 (+0.31%)at close +$0.00 (+0.00%)

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as of 08:26:11 UTCnext report Nov 9 · 96d

Earnings Room‹ back to FTNT

The report

fiscal Q3 2026 · from the company's notice

Nov 9after close96days out

Expected movement

market-implied · at the Aug 4 close

±22.8%is what the chain prices between now and the expiry below. Not a view we hold.

That span is 136days, so it covers the report plus the ordinary movement around it. The chain doesn't yet quote a second expiry we can separate the two with; the range narrows onto the report as it approaches.

expiry Dec 18 · first after the reportATM strike 170straddle 45.20ATM IV 55%× 0.85 straddle-to-rangespot 168.81

Blast radius

6 linked · N-PORT + EDGAR

If FTNT moves ±22.8% over this report, these carry part of it. Fund rows are arithmetic on published holding weights — what an index fund does by construction. Company rows are ranked by disclosed tie strength.

XLKfundState Street Technology Select Sector SPDR ETF0.46% of the fund0.1%QQQfundInvesco QQQ Trust, Series 10.34% of the fund0.08%RSPfundInvesco S&P 500 Equal Weight ETF0.19% of the fund0.04%VUGfundVanguard Growth Index Fund0.18% of the fund0.04%SPYfundSPDR S&P 500 ETF Trust0.09% of the fund0.02%VOOfundVanguard 500 Index Fund0.09% of the fund0.02%

Positioning

10 expiries · as of the Aug 4 close

Contracts already committed, not just traded today — puts against calls, sized by expiry. The tick is today's volume moving against that stance; the arrow, how much built up since the prior session.

OI ΔPutsOI

Expiry

OICallsOI Δ

first

8.8k

Jul 31

1d · Jul 30

10.8k

first

▲ +19%

3.0k

Aug 7

5.4k

▲ +6%

▲ +4%

841

Aug 14

10d

1.9k

▲ +9%

first

18.6k

Aug 21

22d · Jul 30

10.5k

first

▲ +13%

543

Aug 28

24d

459

▲ +10%

▲ +9%

141

Sep 4

31d

312

▲ +2%

▲ +27%

Sep 11

38d

▲ +21%

▲ +7%

26.6k

Sep 18

45d

18.7k

▲ +0%

▲ +2%

10.5k

Dec 18

136d

10.2k

▲ +0%

22.0k

Jan 15

164d

23.5k

▲ +0%

The record

expected in pale · actual in full color

4/8reports moved further than the options market had pricedtypically ±9.4% realized vs ±8.9% priced

Jul 29 '26±11.7%→+0.7%×0.06

Q1 FY26±8.9%→+20.0%×2.26

Q4 FY25±9.2%→+4.8%×0.53

Q3 FY25±8.7%→−6.3%×0.73

Aug 6 '25±8.5%→−22.0%×2.58

May 7 '25±7.7%→−8.4%×1.10

Feb 6 '25±9.2%→+2.8%×0.30

Nov 7 '24±7.4%→+10.0%×1.35

pale = implied the day beforeink = the next day's close× = realized ÷ implied

5-quarter memory

Q2 FY26 · reported 0.82 · rev $2.0B

record note

The note composes when the report lands. Nothing is written for a quarter that hasn't been read.