EarningsQ2 2026 Earnings Report
MX:AKAM Q2 2026 EPS Results
Actual EPS$28.88
Consensus EPS$28.58
Beat/MissBeat by +$0.29
One Year Ago EPS$31.42
MX:AKAM Q2 2026 Revenue Results
Actual Revenue$19.97B
Expected Revenue$19.82B
Beat/MissBeat by +$152.30M
YoY Revenue Growth+5.38%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeAfter Close
Conference CallThursday, August 6, 2026
MX:AKAM Upcoming Earnings
Akamai's next earnings date is estimated for November 10, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:AKAM Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong strategic momentum driven by rapid CIS growth, sizable multiyear bookings (> $2.8B) including a $600M GPU deal, accelerating AI/edge positioning, and durable security demand (security revenue +10% YoY, >$2.4B expected in 2026). These positives were balanced against near-term pressures: a decline in delivery revenue, downward movement in non-GAAP net income/EPS year-over-year, heavy and front-loaded CapEx (Q3 guidance implies >40% of revenue), sold-out GPU capacity creating timing constraints, FX headwinds, and a temporary pause to buybacks. Management provided concrete guidance (Q3 and full-year) and a clear path to accelerated growth in 2027, signaling confidence in the long-term prospects despite near-term investment-driven margin pressure.Company Guidance
Company-wide Revenue Growth
Q2 revenue of $1.1 billion, up 5% year over year (reported and constant currency); full-year 2026 revenue guidance $4.445B–$4.530B, up 6%–8% (5%–7% in constant currency). Management expects revenue growth to accelerate into the low teens in 2027.
Cloud Infrastructure Services (CIS) Momentum
CIS revenue of $99 million in Q2, up 39% year over year (reported and constant currency). Management expects CIS revenue to grow at least 50% year over year in constant currency for 2026 and to meaningfully accelerate in Q4 and into 2027.
Large Multiyear Bookings and Major New Customer
Announced a US technology customer committing more than $600 million over 4 years for cloud infrastructure services; total multiyear commitments signed so far this year for CIS exceed $2.8 billion, providing multi-year revenue visibility.
Security Business Strength
Security revenue grew 10% year over year (9% in constant currency). Management expects the security portfolio to generate more than $2.4 billion in revenue in 2026, and highlighted major renewals/upgrades (e.g., $14M upgrade, >$20M telco renewal) and the CrowdStrike win as validation.
Strong Profitability Base and Cash Position
Q2 non-GAAP operating margin of 25% and non-GAAP net income of $236 million (non-GAAP EPS $1.59). Company ended Q2 with approximately $4.6 billion in cash, cash equivalents and marketable securities.
Strategic Partnerships and Thought Leadership
Selected as a strategic partner in WWT's AI Readiness Model (ARMOR); partnerships/participation with Anthropic, OpenAI programs, and inclusion in industry coverage and analyst commentary supporting Akamai’s role in AI edge/inference.
Product & M&A Execution
Completed acquisition of LayerX (rebranded Akamai Workforce Protector) to extend workforce/browser AI security and Zero Trust integration; multiple customer use-cases cited where Akamai delivered performance gains (e.g., +30% performance, -20% cost) and wins versus hyperscalers (e.g., $12M deal).
Capable Go-to-Market and Execution
Management reports robust pipeline, sold-out GPU capacity but active GPU reorders and data center expansion plans; guidance anticipates a significant Q4 revenue ramp from signed CIS deals with typical sign-to-revenue window ~6–9 months (often ~1 quarter).
MX:AKAM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed