Akamai Technologies Inc

Akamai Technologies reported strong growth in its Cloud Infrastructure Services segment, with second-quarter 2026 revenue of $99 million, up 39% year over year. The company said demand is being driven by the rapid expansion of AI workloads, particularly inference and AI-agent applications that require low-latency computing closer to end users. Akamai's existing GPU capacity is completely sold out, and the company plans to invest up to $500 million in additional capital expenditure to meet demand. In fiscal 2026, Akamai has signed more than $2.8 billion in multi-year CIS commitments, including a more than $600 million, four-year agreement with a U.S. tech company for robotics-related infrastructure. The company expects CIS revenues to grow at least 50% in constant currency for full-year 2026.

Akamai Technologies recently reported past second-quarter 2026 results, with revenue rising to US$1,099.68 million while net income and earnings per share decreased year on year. The company coupled these mixed earnings with full-year revenue guidance, an expanded buyback totaling 15.18 million shares, and the launch of its AI-focused Workforce Protector security offering alongside new research into emerging AI-related cyber risks. Workforce Protector adds real-time AI usage governance, browser-based data loss prevention, and integration with Akamai's private access solution, expanding its role inside enterprise AI workflows. Management reaffirmed revenue guidance and kept investing in AI security, with rising capital expenditures and margin pressure remaining the biggest near-term risk.

Akamai Technologies reported second-quarter revenue of $1.1 billion, beating analyst estimates of $1.09 billion, with adjusted EPS of $1.59 versus the $1.58 consensus. The company highlighted a new $600 million, four-year cloud infrastructure deal with a U.S. technology company and cited AI-driven workloads and security demand, including a recent customer win with CrowdStrike, as key growth drivers. Management reconfirmed full-year revenue guidance of $4.49 billion at the midpoint but lowered full-year adjusted EPS guidance to $6.73, a 0.7% decrease. Operating margin fell to 7.3% from 14.5% a year earlier, while billings rose 4.3% year over year to $1.10 billion. On the earnings call, executives said large cloud deals typically take six to nine months to convert to recognized revenue and that initial colocation and hardware costs can temporarily depress margins before profitability improves within a quarter of deployment.

Jim Cramer examined Akamai Technologies' cloud pivot and a major robotics win on Mad Money. The company reported second-quarter revenue of $1.1 billion, a 5% year-over-year increase, with non-GAAP diluted earnings per share of $1.59 beating consensus estimates. Investor attention focused on a multi-year customer commitment valued over $600 million for cloud infrastructure powering robotic workloads, while total multi-year cloud commitments signed year-to-date surpassed $2.8 billion. Management guided full-year revenue between $4.445 billion and $4.530 billion, with capital expenditures remaining elevated at roughly 40% of revenue. Despite the positive developments, HSBC downgraded the stock to Hold and cut its price target to $123, citing compressed operating margins and temporary pauses in share repurchases.

Several companies made significant premarket moves following their latest earnings reports. Atlassian shares jumped more than 29% after beating FactSet consensus on revenue and guidance for its fourth quarter, though its 13% year-over-year revenue growth forecast fell short of the 13.4% expectation. Wendy's dropped 2% as global sales declined more than 6%, driven by an 8.2% U.S. decline, and the company withdrew its 2026 financial outlook despite beating FactSet consensus on earnings, revenue, and adjusted EBITDA. Solar stocks rose after President Trump imposed tariffs on imported solar panel components, with First Solar up more than 5%, Invesco Solar ETF up nearly 3%, and SolarEdge Technologies up 2%. Airbnb surged nearly 7% after posting second-quarter earnings of $1.37 per share on revenue of $3.61 billion, exceeding LSEG estimates of $1.25 per share and $3.58 billion. Twilio soared more than 17% as it guided for adjusted earnings of $1.42 to $1.47 per share on revenue of $1.51 billion to $1.52 billion, above the $1.39 per share and $1.46 billion consensus, and raised its full-year revenue growth outlook to 18% to 18.5% from 14% to 15%, topping the 14.8% forecast. Trade Desk tumbled 27% after second-quarter adjusted earnings of 34 cents per share on revenue of $715 million missed LSEG estimates of 40 cents and $751 million. Cloudflare jumped more than 16.5% on strong guidance, expecting third-quarter adjusted earnings of 34 cents per share on revenue of $736 million to $737 million, compared with consensus of 32 cents and $722 million, and also beat second-quarter estimates. Akamai Technologies rose 8.3% after second-quarter adjusted earnings of $1.59 per share on revenue of $1.10 billion topped LSEG forecasts of $1.57 per share and $1.09 billion.

Akamai Technologies now anticipates overall revenue growth will accelerate into the low teens in 2027, driven by $2.8 billion in multiyear cloud infrastructure services commitments signed so far this year. Co-Founder and CEO F. Leighton announced that a U.S.-based technology company has committed more than $600 million over four years for cloud infrastructure services to power its robotics development, bringing the total volume of year-to-date multiyear commitments to more than $2.8 billion. Second-quarter revenue reached $1.1 billion, up 5% year-over-year, with cloud infrastructure services revenue of $99 million surging 39%. The company is temporarily pausing share repurchases to reallocate capital toward its high-growth cloud infrastructure pipeline and has raised $3.5 billion through two equal tranches of zero-coupon convertible debt maturing in 2030 and 2032.

Several companies made significant after-hours moves following their quarterly earnings reports. Airbnb surged about 7% after posting second-quarter earnings of $1.37 per share on revenues of $3.61 billion, beating analyst forecasts of $1.25 per share and $3.58 billion. Twilio jumped roughly 16% on strong current-quarter guidance, projecting adjusted earnings of $1.42 to $1.47 per share on revenue of $1.51 billion to $1.52 billion, above consensus estimates. Trade Desk tumbled 22% after its adjusted earnings of 34 cents per share and revenue of $715 million missed expectations of 40 cents and $751 million. Sweetgreen plunged 14% as its second-quarter loss of 22 cents per share on $193 million in revenue fell short of the anticipated loss of 15 cents on $195 million. DraftKings slipped over 1.5% after revenue of $1.44 billion missed the $1.51 billion estimate, though it reaffirmed its 2026 fiscal-year guidance. Cloudflare rallied 17% on upbeat guidance, while Akamai Technologies gained 12% and Instacart rose more than 8% on better-than-expected revenue. Dropbox fell nearly 6% after its non-GAAP gross margin of 81.6% narrowly missed the 81.7% consensus.

Akamai Technologies has integrated its Web Application Firewall with Tenzai's autonomous AI hacker platform to enable immediate vulnerability mitigation at the edge. The integration connects Tenzai's automated threat detection with Akamai's edge security infrastructure, allowing Tenzai's AI to identify exploitable issues and then use Akamai's platform to apply temporary rules while development teams work on longer-term fixes. Akamai currently trades at $115.18, up 35.3% year to date and 54.9% over the past year. The partnership positions Akamai as a core infrastructure partner for organizations pursuing machine-speed cybersecurity workflows and may help it compete more directly with Cloudflare, Amazon Web Services, and Microsoft Azure for AI-heavy security budgets.

Hush Security has raised a $30 million Series A funding round, with Akamai Technologies joining as a strategic investor alongside existing backers Battery Ventures and YL Ventures. The round brings the company's total capital raised to $41 million, less than a year after emerging from stealth. Hush provides a platform that gives AI agents scoped, just-in-time permissions and a centralized kill switch, addressing what it calls the governance gap for autonomous software. The company has already been deployed internally by Kyndryl, the world's largest IT infrastructure services provider, which has also begun reselling Hush to its own enterprise clients. Hush plans to use the funding to expand its engineering and sales teams, particularly in the United States, and to deepen integrations with enterprise AI platforms.

Commerce has become the world's most targeted industry by cybercriminals as agentic commerce and autonomous AI tools evolve, according to a new Akamai State of the Internet security report. Nearly half of all commerce traffic on Akamai's global network now consists of AI bots, and the industry faces a relentless barrage of Layer 7 DDoS attacks, malicious web application exploits, and a narrowing gap between traditional application attacks and API-targeted exploits. Autonomous AI shopping agents are creating a signal masking problem by mimicking human microbehaviors, while threat actors use agent hijacking to compromise legitimate AI assistants and abuse stored payment credentials. AI training crawlers from OpenAI, ByteDance, and Anthropic account for more than 70% of AI bot triggers in commerce, yet organizations allowed three-quarters of monitored bot activity to pass unrestricted. Commerce was targeted by Layer 7 DDoS attacks nearly 3 trillion times in 2025, with the retail vertical bearing 84% of that volume, and average daily phishing volume across commerce customers surged from 56,600 in February to 134,600 in April.

Akamai Technologies has been named a Customers’ Choice in the 2026 Gartner Peer Insights Voice of the Customer for Edge Distribution Platforms. The recognition is based on high customer ratings and willingness to recommend from industry professionals. The award highlights Akamai’s position in edge distribution as enterprises increase their use of edge solutions. Akamai’s stock trades at $126.19, with a return of 48.3% year to date and 63.1% over the past year.

Akamai has been named a Customers’ Choice in the 2026 Gartner Peer Insights Voice of the Customer for Edge Distribution Platforms. The recognition is based on 85 eligible published enterprise reviews, with Akamai receiving an overall rating of 4.7 out of 5 stars. 71% of reviewers gave a perfect 5-star rating, and 91% expressed willingness to recommend the platform. Akamai also scored 4.7 out of 5 for both Product Capabilities and Deployment Experience.

Akamai has been selected as a strategic security partner for World Wide Technology’s AI Readiness Model for Operational Resilience, or ARMOR, framework. The collaboration positions Akamai as a foundational security architecture for AI factories built by WWT and accelerated by NVIDIA. Akamai’s role centers on eliminating the security tax by offloading its Guardicore Segmentation to NVIDIA BlueField DPUs, securing agentic AI and data lakes with API Security, and providing end-to-end defense with Prolexic DDoS mitigation. WWT’s ARMOR is described as the industry’s first holistic, vendor-agnostic AI security framework, covering governance, model security, secure AI operations, infrastructure security, data protection, and secure development lifecycle.

Akamai Technologies has completed its acquisition of secure enterprise browser provider LayerX for approximately US$205 million. The deal, first announced on May 14, brings LayerX's browser security platform into Akamai's Zero Trust portfolio, which already includes segmentation, Zero Trust Network Access, and DNS security solutions. The combined offering aims to give enterprises greater visibility and control over how employees, partners, and supply chains interact with web content and AI applications, leveraging Akamai's globally distributed network.

Akamai Technologies signed a $1.8 billion, seven-year cloud computing contract with an AI startup, the largest customer agreement in the company's history. The company also joined the Claroty Technology Alliances Program to expand its role in operational technology cybersecurity through microsegmentation. These moves broaden Akamai's presence in AI-focused cloud infrastructure and security for critical industrial systems.

Oppenheimer analysts believe Akamai's cloud infrastructure business is undervalued, particularly following its $1.8 billion deal with Anthropic. The firm reiterated an Outperform rating and $180 price target, noting that the market underestimates Akamai's growth potential in cloud and AI inferencing. Oppenheimer projects that Akamai will expand capacity to 80 to 100 megawatts by the end of 2028, up from an estimated 17 megawatts at the end of 2025, with the Anthropic relationship using more expensive GPU-centric architecture costing $35 million per megawatt. The analysts expect the company's compute infrastructure services business, excluding Anthropic, to provide lower-cost compute at $20 to $25 million per megawatt. Shares of Akamai rose 4.5% by midday Thursday and have surged about 40% year to date.

Claroty announced five new partners in its Technology Alliances Program to integrate microsegmentation capabilities into its cyber-physical systems protection platform. The new members are Akamai, ColorTokens, Corsha, Elisity, and Zero Networks. The integrations combine Claroty's asset discovery and exposure management with identity-based microsegmentation to enforce zero-trust policies without downtime, automate least-privilege access, and secure legacy systems. The company says the move helps critical infrastructure organizations contain cyber threats and meet compliance requirements such as IEC 62443 and NIS2.