AKAM · Akamai Technologies, Inc.

Akamai reported Q1 2026 revenue of $1.074 billion, up 6% year-over-year, driven by strong performance in Cloud Infrastructure Services (CIS) and Security. CIS revenue surged 40% to $95 million, reflecting growing demand for AI infrastructure, highlighted by a $1.8 billion, seven-year commitment from a leading frontier model provider. Security revenue grew 11% to $590 million, while Delivery and other cloud applications declined 7% to $389 million. GAAP operating margin fell to 11% from 15% a year ago, impacted by higher costs and investments. Non-GAAP operating margin was 26%, down from 30%. GAAP net income per diluted share was $0.71, down 13% year-over-year, while non-GAAP EPS was $1.61, down 5%. The company generated $313 million in cash from operations. For Q2 2026, Akamai guided revenue of $1.075-$1.100 billion and non-GAAP EPS of $1.45-$1.65. Full-year 2026 revenue guidance is $4.445-$4.550 billion with non-GAAP EPS of $6.40-$7.15. The company repurchased $206 million in shares during the quarter. Management highlighted the strategic importance of CIS in the AI economy and the unique position of its security portfolio.