Akamai Technologies, Inc. (AKAM) Earnings Call Transcripts
Akamai Technologies, Inc.'s Latest Earnings Call - Q2 FY2026
In Q2 2026, Akamai Technologies reported revenue of $1.1 billion, reflecting a 5% year-over-year increase, while non-GAAP earnings per share (EPS) was $1.59, down 8% year-over-year. The company announced a significant new multiyear commitment of over $600 million from a U.S.-based technology company, contributing to a total of $2.8 billion in multiyear commitments for cloud infrastructure services (CIS) this year. Management anticipates revenue growth to accelerate into the low teens for 2027, supported by a robust pipeline and strategic investments in AI and security solutions.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $1.1B (inline) |
| EPS | $1.59 (miss) |
| Cloud Infrastructure Services Revenue | $99M (inline) |
| Security Revenue | $604M (inline) |
| Operating Margin | 25% (inline) |
| CapEx | $347M (miss) |
Guidance from management
For Q3 2026, Akamai projects revenue in the range of $1.105 billion to $1.13 billion, reflecting a 5% to 7% increase year-over-year. For the full year 2026, revenue guidance remains at $4.445 billion to $4.53 billion, with expectations of at least 50% growth in cloud infrastructure services.
What management said
Yes, very strong pipeline really across the spectrum of industries and scale of the deals. And no, that doesn't keep us from signing up more customers because we're ordering obviously more hardware. And typically, we're looking at about a 6- to 9-month window on the larger side. So no, we're continuing to sign customers up. Ed, do you have more color on that?
Yes. We're continuing to expand the platform in more locations, more cities having GPUs, and I think you'll continue to see that going forward. And we're in a very good position to get the capacity in data center space that we need. We probably deal with more data center companies than anybody. We have our service today in 700 cities around the world, 130 countries. We've got a great reputation for being a reliable p...
What analysts pressed on
Analysts expressed concerns regarding the timing of revenue recognition from large multiyear contracts, with a typical 6- to 9-month window between signing and revenue generation. There are also worries about the potential impact of rising component costs on profit margins, as well as the effects of foreign exchange fluctuations on revenue.
Main topics on the call
- New Customer Commitment — Akamai secured a $600 million, four-year deal with a U.S.-based technology company for cloud infrastructure services, bringing total multiyear commitments to over $2.8 billion in 2026. CEO Tom Leighton stated, "The respo...
- Revenue Growth Outlook — Management expects overall revenue growth to accelerate into the low teens in 2027, up from single-digit growth in 2026. CFO Ed McGowan noted, "We have a clear line of sight to accelerating our top line revenue growth fr...
- Security Revenue Performance — Security revenue grew 10% year-over-year, driven by demand for web application firewall and API security solutions. Leighton highlighted that the security business is benefiting from increased threats, stating, "We've se...
- Capital Expenditure Strategy — Akamai's Q2 capital expenditures were $347 million, and the company plans to invest up to $500 million in CapEx to expand GPU capacity. McGowan mentioned, "We are temporarily pausing share repurchases to reallocate capit...
Read the full Akamai Technologies, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Akamai Technologies, Inc.
Akamai Technologies, Inc. (AKAM) is a publicly listed company in the IT Services industry, within the Information Technology sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 74 calls on record spanning February 11, 2020 to August 6, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 74 Akamai Technologies, Inc. earnings call transcripts on record, spanning February 11, 2020 to August 6, 2026. Based on this history, Akamai Technologies, Inc. reports quarterly. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- AKAM
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Information Technology
- Industry
- IT Services
- Calls on record
- 74
- First call
- February 11, 2020
- Most recent
- August 6, 2026
- Reporting cadence
- quarterly