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Sentiment · FY2026 Q2
Akamai grew revenue 6% as reported and 4% in constant currency in Q1 as the company signed a landmark $1.8 billion seven-year CIS commitment with a frontier model company, the largest deal in company history, and CIS outlook was raised to at least 50% constant currency growth. Security revenue grew 11% led by WAF, API Security, and Guardicore. Non-GAAP EPS of $1.61 declined 5% year-over-year on investment spending, though management guided for double-digit total company revenue growth by 2027.
Cloud & AI | Demand | Revenue Growth | Competitive Dynamics | Capex Investment | Guidance Reliability | Margin | Pricing | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 7 | 6 | 5 | 6 | 1 | 2 | 2 | 1 |
| 2025Q1 | 4 | 5 | 11 | 9 | 1 | 1 | 1 | |
| 2025Q2 | 8 | 5 | 8 | 3 | 2 | |||
| 2025Q3 | 14 | 11 | 9 | 9 | 1 | 4 | 3 | 1 |
| 2025Q4 | 15 | 9 | 5 | 6 | 3 | 1 | ||
| 2026Q1 | 13 | 7 | 3 | 4 | 5 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Cloud & AI | 7 | 4 | 8 | 14 | 15 | 13 |
| Demand | 6 | 5 | 5 | 11 | 9 | 7 |
| Revenue Growth | 5 | 11 | 8 | 9 | 5 | 3 |
| Competitive Dynamics | 6 | 9 | 3 | 9 | 6 | 4 |
| Capex Investment | 1 | 1 | 3 | 5 | ||
| Guidance Reliability | 2 | 1 | 2 | 4 | ||
| Margin | 2 | 1 | 3 | 1 | 1 | |
| Pricing | 1 | 1 | 1 |
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| John DiFucci | Guggenheim | 11 (0%) |
| Fatima Boolani | Citigroup | 11 (9%) |
| Jon Ho | William Blair | 9 (11%) |
| Patrick Colville | Scotiabank | 9 (22%) |
| Frank Louthan | Raymond James | 9 (0%) |
| Sanjit Singh | Morgan Stanley | 8 (13%) |
| Mike Cikos | Needham | 8 (0%) |
| Jeff Van Rhee | Craig-Hallum | 7 (14%) |
| Will Power | Robert W. Baird | 7 (0%) |
| Rishi Jaluria | RBC Capital Markets | 7 (14%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Citigroup | 1 | 11 (9%) |
| Guggenheim | 1 | 11 (0%) |
| William Blair | 1 | 9 (11%) |
| Raymond James | 1 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.02B | +2.5% | $0.91 | -11.7% | 14.5% | 13.7% | $181M |
| FY2025 Q1 | $1.02B | +2.9% | $0.82 | -26.1% | 15.2% | 12.1% | $55M |
| FY2025 Q2 | $1.04B | +6.5% | $0.71 | -17.4% | 14.5% | 9.9% |
What AKAM and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“We partner with OpenAI on security vulnerabilities, helping define them and protecting our customers for the associated attacks, but OpenAI is not and has not been a customer of Akamai Technologies, Inc.”
Akamai partners with OpenAI on defining security vulnerabilities but clarifies OpenAI is not a cloud or delivery customer, so Sora's shutdown has no revenue impact.
“and we announced the rollout of thousands of NVIDIA RTX Pro 6000 GPUs.”
| 9 (0%) |
| Scotiabank | 1 | 9 (22%) |
| Needham | 1 | 8 (0%) |
| Morgan Stanley | 1 | 8 (13%) |
| Craig-Hallum | 1 | 7 (14%) |
| $235M |
| FY2025 Q3 | $1.05B | +5.0% | $0.97 | +155.3% | 15.7% | 13.3% | $247M |
| FY2025 Q4 | $1.09B | +7.4% | $0.58 | -36.3% | 13.8% | 7.8% | $162M |
| FY2026 Q1 | $1.07B | +5.8% | $0.71 | -13.4% | 10.7% | 9.9% | $121M |
| FY2026 Q2 | $1.10B | +5.4% | $0.52 | -26.8% | 7.3% | 7.2% | $101M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Akamai is deploying thousands of NVIDIA RTX Pro 6000 GPUs to build its distributed AI inference platform, a major NVIDIA supply relationship.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
AKAM Akamai Technologies | 6 | +5.8% | |
| ADBE Adobe Inc. | 7 | +12.0% | |
| CPAY Corpay | 8 | +25.4% | |
| CRWD CrowdStrike | 9 | +23.3% | |
| CRWV CoreWeave, Inc. Class A Common Stock | 8 | +111.7% | |
| FFIV F5, Inc. | 8 | +11.0% | |
| FTNT Fortinet | 10 | +20.1% | |
| GDDY GoDaddy | 7 | +6.1% | |
| GEN Gen Digital | 6 | +27.0% | |
| MSFT Microsoft Corporation | 9 | +18.3% | |
| NET Cloudflare, Inc. | 10 | +33.5% | |
| ORCL Oracle Corporation | 9 | +21.7% | |
| PANW Palo Alto Networks | 6 | +14.9% | |
| PLTR Palantir Technologies | 10 | +84.7% | |
| SNPS Synopsys | 7 | +65.5% | |
| VRSN Verisign | 7 | +6.6% | |
| XYZ Block, Inc. | 8 | +4.9% | |
| ZS Zscaler | 9 | +25.9% |