Quarterly ResultAug 7, 2026, 04:20 PM
Akamai Q2 Revenue $1.10B; Net Income $79.4M; Acquires LayerX
AI Summary
Akamai Technologies reported Q2 2026 revenue of $1.10 billion, a 5.4% increase year-over-year, but net income decreased by 23.4% to $79.4 million, with diluted EPS falling to $0.52. The company also announced the acquisition of LayerX Security Ltd. for approximately $205.0 million in July 2026, aimed at enhancing its security portfolio. Additionally, Akamai issued $3.5 billion in convertible senior notes due 2030 and 2032 in May 2026 to fund capital expenditures and for general corporate purposes.
Key Highlights
- Q2 2026 revenue increased 5.4% year-over-year to $1,099.7 million.
- Q2 2026 net income decreased 23.4% year-over-year to $79.4 million.
- Q2 2026 diluted EPS was $0.52, down from $0.71 in the prior year.
- Acquired LayerX Security Ltd. for approximately $205.0 million in July 2026.
- Issued $3.5 billion in convertible senior notes due 2030 and 2032 in May 2026.
- Net cash provided by operating activities for H1 2026 was $638.8 million.
- Total assets increased to $15.07 billion from $11.48 billion at December 31, 2025.
- Reclassified $1.71 billion of 2033 Notes to current liabilities due to conversion trigger.
Price Impact
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