Akamai Technologies, Inc.
Akamai Technologies, Inc. Q2 FY26 Results — Earnings Call Analysis
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Akamai Technologies, Inc. Q2 FY26 key numbers
- Revenue
- Overall Company Revenue Growth: Anticipated to reach double digits in 2027, fueled by major customer wins including the $1.8 billion and $200 million deals.
As stated in Akamai Technologies, Inc.'s Q2 FY26 earnings call transcript · published 29 May 2026. Reported figures, not investment advice.
The short version
- Cloud Infrastructure Services (CIS): Expected to grow at least 50% year-over-year in constant currency for 2026, with strong pipeline and rapid build in AI-specific use cases. - Full year 2026 non-GAAP EPS guidance is $6.40 to $7.15 per diluted share, including impact from the $1.8 billion win.
From Akamai Technologies, Inc.'s Q2 FY26 earnings-call transcript · updated 29 May 2026.
Revenue & Sales Performance
- Cloud Infrastructure Services (CIS): Expected to grow at least 50% year-over-year in constant currency for 2026, with strong pipeline and rapid build in AI-specific use cases.
- Security Revenue: Projected to grow in the high single digits in constant currency for 2026, driven by strong demand for API security, Guardicore segmentation, and Web Application Firewall.
- Delivery and Other Cloud Apps: Expected to decline mid-single digits year-over-year in 2026 but this decline is expected to moderate over the year.
2 more points from Akamai Technologies, Inc.'s call on revenue
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Profitability & Margins
See what Akamai Technologies, Inc. said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Q1 CapEx was $206 million, slightly below guidance due to timing and favorable pricing.
- Q2 CapEx expected to jump significantly (~$433M-$453M) due to NVIDIA GPU deliveries and catching up on Q1 deferred spending.
- Full-year 2026 CapEx expected around 40%-42% of revenue, including ~$700 million tied to the $1.8 billion customer win.
- ~$800M-$825M CapEx expected over the next 12 months to support this customer, with ~$700M deployed in H2 2026 and the balance in H1 2027.
- Potential additional GPU orders in H2 2026 to meet strong pipeline demand, which could increase CapEx beyond current guidance.
2 more points from Akamai Technologies, Inc.'s call on capex
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Fundraising & Capital Structure
See what Akamai Technologies, Inc. said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The current pipeline for GPUs significantly exceeds existing and projected inventory.
- There is a very large pipeline of opportunities, with customers wanting anywhere from a couple of hundred to over a thousand GPUs.
- The pipeline is growing every day and includes some very large opportunities.
- Additional GPU purchases may be necessary in the second half of the year to meet demand, not yet included in the current CapEx guidance.
- CapEx guidance may increase if additional GPU orders are placed before year-end.
- The company is actively converting pipeline opportunities into contracts.
2 more points from Akamai Technologies, Inc.'s call on order book
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What the Q2 FY26 call signalled
3 of 5 strong
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Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Akamai Technologies, Inc. Q2 FY26 results?
- Cloud Infrastructure Services (CIS): Expected to grow at least 50% year-over-year in constant currency for 2026, with strong pipeline and rapid build in AI-specific use cases. - Full year 2026 non-GAAP EPS guidance is $6.40 to $7.15 per diluted share, including impact from the $1.8 billion win.
What is Akamai Technologies, Inc. share price analysis?
Akamai Technologies, Inc. currently shows a below-average growth signal. The stock trades at a P/E of 50.1 with a market cap of $20,809. Investors should review the full earnings analysis for detailed insights.
Is Akamai Technologies, Inc. planning capital expenditure?
- Q1 CapEx was $206 million, slightly below guidance due to timing and favorable pricing.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.