Group 1 - The company, Deep Technology, is a leading player in the cybersecurity industry and is actively exploring "AI + Security" innovative applications [1] - The company integrates mainstream general large models such as DeepSeek, Tongyi Qianwen, and Baichuan into its cybersecurity capabilities, enhancing its product system [1] - The application of these AI technologies is focused on various security business scenarios, including security operations, data classification and grading, and sensitive data identification, effectively improving the core capabilities of the product system [1]

Core Insights - Fortinet reported strong financial performance for Q2 2025, with revenue reaching $1.63 billion, a 14% increase year-over-year [1] - The company exceeded expectations in billing revenue, which totaled $1.78 billion, reflecting a 15% year-over-year growth [1] - Annual recurring revenue (ARR) for unified SASE and security operations grew by 22% and 35% respectively compared to the previous year [1] Financial Performance - Revenue: $1.63 billion, up 14% year-over-year [1] - Billing Revenue: $1.78 billion, up 15% year-over-year [1] - GAAP Operating Margin: 28% [1] - Non-GAAP Operating Margin: 33% [1] - Annual billing revenue guidance increased by $100 million [1] Management Commentary - Fortinet's CEO emphasized the strong performance and continuous growth as a result of the company's commitment to innovation and customer-centric strategies [1]

Core Insights - Fortinet reported Q2 2025 revenue of $1.63 billion, a 14% increase year-over-year [1] - Billings reached $1.78 billion, reflecting a 15% year-over-year growth [1] - Annual recurring revenue (ARR) for Unified SASE and Security Operations grew by 22% and 35% respectively compared to the previous year [1] - GAAP operating margin stood at 28%, while non-GAAP operating margin was 33% [1] - Q2 billings exceeded expectations, and the full-year billings guidance midpoint was raised by $100 million [1]