Quarterly ResultMay 7, 2026, 04:03 PM
Akamai Secures $1.8B Cloud Infrastructure Deal; Q1 Revenue $1.07B, up 4% FX-adj.
AI Summary
Akamai Technologies reported a strong start to 2026 with first-quarter revenue of $1.074 billion, a 4% increase year-over-year when adjusted for foreign exchange. Cloud Infrastructure Services revenue surged 39% (FX-adj) to $95 million, and Security revenue grew 9% (FX-adj) to $590 million. The company also announced a significant $1.8 billion, seven-year commitment from a leading U.S.-based frontier model provider for its Cloud Infrastructure Services, validating its role in the AI economy. GAAP diluted EPS decreased 14% (FX-adj) to $0.71, while non-GAAP diluted EPS decreased 5% (FX-adj) to $1.61.
Key Highlights
- Secured $1.8 billion, seven-year commitment for Cloud Infrastructure Services from a leading U.S. frontier model provider.
- Q1 2026 revenue was $1.074 billion, up 6% year-over-year (4% FX-adjusted).
- Cloud Infrastructure Services revenue grew 40% (39% FX-adjusted) to $95 million.
- Security revenue increased 11% (9% FX-adjusted) to $590 million.
- GAAP net income per diluted share was $0.71, down 13% (14% FX-adjusted) year-over-year.
- Non-GAAP net income per diluted share was $1.61, down 5% year-over-year (FX-adjusted).
- Cash from operations for Q1 2026 was $313 million.
- Repurchased 2 million shares for $206 million at an average price of $105.47.
- Forecasts Q2 2026 revenue between $1.075 billion and $1.100 billion.