Key Takeaways Fortinet spent $168M on infrastructure in Q2 2025, up $145M year over year.Management guides $380M-$430M in 2025 infrastructure investments.Revenue outlook raised to $6.67B-$6.82B, backed by cloud-first expansion.Fortinet (FTNT) is making bold bets on its future with heavy infrastructure investments, accelerating its transition toward a cloud- and service-first growth model. In the second quarter of 2025, infrastructure spending surged to $168 million, up $145 million year over year, underscor ...