| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 173.02 | 19.8% |
| Total Income | 173.02 | 19.8% |
| Expenditure | 196.92 | 7.8% |
| PBT | -24.65 | 35.9% |
| Net Profit | -20.52 | 47.6% |
| OPM | -13.81% | 12.62pp |
| NPM | -11.86% | 15.24pp |
| EPS | -0.13 | 51.9% |
Fastly Reports Record Q1 2026 Revenue of $173 Million, Up 20% YOY
07 May 2026 · 7 May, 1:47 am
Summary
Fastly, Inc. announced its financial results for the first quarter ended March 31, 2026, reporting record revenue of $173 million, a 20% increase year-over-year. The company also achieved record gross margins, with GAAP gross margin at 62.5% and non-GAAP gross margin at 65.1%. RPO grew significantly to $369 million, up 63% year-over-year. Fastly is guiding for Q2 2026 revenue between $170.0 million and $176.0 million, and full year 2026 revenue between $710.0 million and $725.0 million.
Key Highlights
- 1
Fastly's first quarter revenue reached a record $173 million, demonstrating a 20% increase year-over-year.
- 2
The company achieved a record first quarter GAAP gross margin of 62.5% and a record non-GAAP gross margin of 65.1%.
- 3
Remaining Performance Obligations (RPO) reached a record $369 million, marking a 63% increase compared to the first quarter of 2025.
- 4
Security revenue grew by 47% year-over-year, reaching $38.8 million in the first quarter.
- 5
Fastly generated $28.9 million in operating cash flow, compared to $17.3 million in the first quarter of 2025.
- 6
The Last 12-month net retention rate (LTM NRR) increased to 113% in the first quarter from 110% in the fourth quarter of 2025.
- 7
Fastly anticipates Q2 2026 total revenue between $170.0 million and $176.0 million, and full year 2026 revenue between $710.0 million and $725.0 million.
Management Comments
Kip Compton
"Our first quarter performance demonstrates continued discipline and velocity as we delivered record revenue, gross margin, and RPO,” said Kip Compton, CEO at Fastly. “Driven by an accelerated innovation roadmap, we delivered 47% year-over-year security revenue growth. This performance reflects expansion within our installed base and robust new business wins, enabling us to raise our 2026 guidance."
Informational and educational content only. Not investment advice.