Earnings Releases·Nov 5, 2026, 4:08 PM ET

Akamai Technologies — Third Quarter 2026 Earnings Summary

Total revenue rose 6% year-over-year to $1.122 billion, driven by 9% growth in Security and 34% growth in Cloud Infrastructure Services (CIS), though Delivery and other cloud applications revenue declined 3%.
Profitability metrics contracted, with GAAP operating income falling 35% to $109 million and Non-GAAP net income per diluted share down 5% to $1.77, despite strong cash generation of $433 million from operations.
Full-year 2026 guidance was reaffirmed at $4.440–$4.465 billion revenue with 25% Non-GAAP operating margin, while 2027 revenue growth is projected at 17–22% and 2028 total revenue expected to exceed $7.0 billion.
Strategic momentum in CIS is supported by over $14 billion in multi-year commitments signed in 2026 and new AI product launches, though management noted risks from AI infrastructure competition and pricing pressure.
Capital allocation included $616 million in share repurchases over the first nine months of 2026 (with no activity in Q3) and $3.452 billion in net proceeds from convertible senior notes issued during the same period.