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Object First: Fiscal 2Q26 Financial Results

11 h ago

Akamai Technologies (NASDAQ: AKAM) reported Q2 2026 revenue of $1.1 billion, up 5% YoY, driven by surging cloud infrastructure services (CIS) revenue of $99 million (up 39% YoY) and security revenue of $604 million (up 10% YoY), as the cybersecurity and cloud computing company strengthens its position as a key AI infrastructure provider for data centers and enterprise workloads. Key financial highlights for the quarter ended June 30, 2026: - GAAP net income per diluted share: $0.52 (down 27% YoY); non-GAAP EPS: $1.59 (down 8% YoY) - GAAP operating margin: 7% (down 8 ppts); non-GAAP operating margin: 25% (down 5 ppts) - Adjusted EBITDA: $416 million (down 6% YoY) - Cash from operations: $326 million (30% of revenue); cash and marketable securities: $4.616 billion Akamai signed multiple multi-year CIS contracts worth over $2.8 billion year-to-date, including a $600+ million, four-year deal with a new US-based technology customer to power robotics development. CEO Dr. Tom Leighton highlighted the rapid growth of the CIS portfolio, validating Akamai’s role as an AI infrastructure provider. Revenue by geography: US $550 million (up 4% YoY); International $549 million (up 6% YoY, 7% FX-adjusted). Delivery and other cloud applications revenue declined 6% YoY to $396 million. The company repurchased 3 million shares for $410 million at a weighted average price of $134.54. Akamai provided financial guidance for Q3 and full-year 2026.