Quarterly ResultMay 6, 2026, 04:17 PM
Fastly Q1 Revenue $173M (+20% YoY); Non-GAAP EPS $0.15
AI Summary
Fastly announced record first-quarter 2026 financial results, with revenue reaching $173 million, a 20% year-over-year increase, and non-GAAP net income per share of $0.15. The company achieved record gross margins and a 63% year-over-year increase in Remaining Performance Obligations (RPO) to $369 million. Fastly also raised its full-year 2026 guidance and highlighted strong security revenue growth of 47% year-over-year.
Key Highlights
- Q1 2026 revenue was $173 million, a 20% increase year-over-year.
- Non-GAAP net income per basic share was $0.15, compared to a loss of $0.05 in Q1 2025.
- Remaining Performance Obligations (RPO) grew 63% year-over-year to $369 million.
- Security revenue increased 47% year-over-year to $38.8 million.
- Non-GAAP gross margin reached a record 65.1%, up from 57.3% in Q1 2025.
- Full-year 2026 revenue guidance raised to $710.0 - $725.0 million.
- Last 12-month net retention rate (LTM NRR) increased to 113%.
- Operating cash flow generated $28.9 million, up from $17.3 million in Q1 2025.