Akamai Technologies, Inc.: Beat — EPS $1.77, Revenue $1.12B
Earnings BeatQ3 2026 · After-market
Did Akamai Technologies, Inc. (AKAM) beat earnings?
Yes, Akamai Technologies, Inc. (AKAM) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+5.99% surprise
$1.77Actual
Expected: $1.67
vs. year ago -5.0%
Total Revenue+0.18% surprise
$1.12BActual
Expected: $1.12B
vs. year ago +6.0%
Released Nov 05 · 4:02 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $1.12B | $1.05B | +6.0% |
| Revenue detail — reported lines | |||
| └─Security | $621.89M | $568.44M | +9.0% |
| └─Delivery and other cloud applications | $391.27M | $405.01M | -3.0% |
| └─Cloud infrastructure services | $108.80M | $81.18M | +34.0% |
| └─U.S. | $558.62M | $529.98M | +5.0% |
| └─International | $563.34M | $524.65M | +7.0% |
| Net Income | $117.10M | $140.17M | -16.0% |
| GAAP Basic EPS | $0.81 | $0.98 | -17.3% |
| GAAP Diluted EPS | $0.77 | $0.97 | -21.0% |
| Non-GAAP Diluted EPS | $1.77 | $1.86 | -5.0% |
Financial Outlook / Guidance
| Metric | Q4 2026 Outlook | FY26-FY28 Outlook |
|---|---|---|
| Guidance | Guidance | |
| Revenue | $1,145M-$1,170M | $4,440M-$4,465M (FY26); >$7.0B (FY28 |
| Non-GAAP Operating Margin | 24% | 25% (FY26 |
| Non-GAAP Diluted EPS | $1.50-$1.70 | $6.47-$6.68 (FY26 |
| Diluted Shares | 149M | 148M (FY26 |
| Cloud infrastructure services revenue | — | $1.1B-$1.3B (FY27 |
| Total company revenue growth | — | 17%-22% YoY (FY27, adjusted for foreign exchange |
Q4 2026 Outlook
- Revenue
- Guidance$1,145M-$1,170M
- Non-GAAP Operating Margin
- Guidance24%
- Non-GAAP Diluted EPS
- Guidance$1.50-$1.70
- Diluted Shares
- Guidance149M
- Cloud infrastructure services revenue
- Guidance—
- Total company revenue growth
- Guidance—
FY26-FY28 Outlook
- Revenue
- Guidance$4,440M-$4,465M(FY26); >$7.0B (FY28
- Non-GAAP Operating Margin
- Guidance25%(FY26
- Non-GAAP Diluted EPS
- Guidance$6.47-$6.68(FY26
- Diluted Shares
- Guidance148M(FY26
- Cloud infrastructure services revenue
- Guidance$1.1B-$1.3B(FY27
- Total company revenue growth
- Guidance17%-22% YoY(FY27, adjusted for foreign exchange
Business Highlights
- ➤Signed more than $14B of multi-year Cloud Infrastructure Services commitments so far in 2026.
- ➤Launched Akamai Inference and Akamai Agent Sandbox.
- ➤New services enable enterprises to build and tune open-weight models using proprietary data.
- ➤Akamai Agent Sandbox runs agents within strictly enforced boundaries.
- ➤New AI services are secured and powered by Akamai’s AI-optimized cloud platform.
- ➤Began reporting revenue in three solution categories beginning in Q1 2026.
- ➤Reported Cloud Infrastructure Services separately as a primary growth area and investment focus.
- ➤Did not repurchase common stock during Q3 2026.
- ➤Had 144 million common shares outstanding as of September 30, 2026.
Management Commentary
Dr. Tom Leighton, Chief Executive Officer
“Akamai delivered solid third quarter results, driven by continued momentum across security and Cloud Infrastructure Services (CIS).”
Dr. Tom Leighton, Chief Executive Officer
“We are especially excited by the exceptional progress in Cloud Infrastructure Services, with more than $14 billion worth of multi-year commitments signed so far this year. We also recently expanded our cloud portfolio with the launch of Akamai Inference and Akamai Agent Sandbox. These new services enable enterprises to build and tune open-weight models based on their proprietary data and run agents within strictly enforced boundaries — all secured and powered on Akamai's AI-optimized cloud platform. Given our CIS momentum, track record of execution and continued strong pipeline, we expect Akamai's overall revenue growth to accelerate to 17% to 22% year-over-year when adjusted for foreign exchange* in 2027. We expect further acceleration in 2028 with total revenue projected to exceed $7.0 billion.”