| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 183.32 | 6.0% | 23.3% |
| Total Income | 183.32 | 6.0% | 23.3% |
| Expenditure | 197.75 | 0.4% | 6.5% |
| PBT | -15.34 | 37.8% | 58.5% |
| Net Profit | -15.59 | 24.0% | 58.5% |
| OPM | -7.87% | 5.94pp | 16.97pp |
| NPM | -8.51% | 3.36pp | 16.74pp |
| EPS | -0.10 | 23.1% | 61.5% |
Fastly Announces Q2 2026 Financial Results with Record Revenue and Gross Margin
06 Aug 2026 · 6 Aug, 1:47 am
Summary
Fastly reported strong second quarter 2026 results, with record revenue of $183.3 million, up 23% year-over-year, driven by robust growth in Network Services and a significant 43% increase in Security revenue. The company also achieved record gross margins, with GAAP at 63.3% and non-GAAP at 65.8%. Management expressed confidence in their platform strategy, which is driving business momentum and leading them to raise their full-year outlook. Key metrics like LTM NRR improved to 117% and RPO grew 38% year-over-year.
Key Highlights
- 1
Fastly announced record second quarter revenue of $183.3 million, representing a 23% year-over-year growth.
- 2
The company achieved a record second quarter gross margin of 63.3% and a record non-GAAP gross margin of 65.8%.
- 3
Last 12-month net retention rate (LTM NRR) increased to 117%, reaching its highest level in over three years.
- 4
Security revenue grew by 43% year-over-year, contributing significantly to the overall revenue increase.
- 5
Remaining Performance Obligations (RPO) were $341 million, an increase of 38% compared to the second quarter of 2025.
- 6
Operating cash flow increased to $39.3 million, up from $25.8 million in the prior year's second quarter.
Management Comments
Kip Compton
Record second quarter results reflect strong execution and the deep trust customers place in our technology and our teams. Our platform strategy is driving business momentum, giving us the confidence to raise our full-year outlook.
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