Akamai Technologies shares fell 7.4% to $110.50 after the company reported second-quarter 2026 earnings that revealed a steep drop in profitability and a weak forward-looking forecast. Revenue grew 5.4% year-over-year to $1.1 billion, narrowly beating expectations, but GAAP operating margin nearly halved to 7.3% from 14.5% a year earlier. Revenue guidance for the upcoming quarter came in 1.4% below analysts' estimates, and management lowered its adjusted earnings per share forecast for the full year. The combination of declining margins and a disappointing outlook signaled potential challenges ahead, prompting a negative market reaction.
Akamai Technologies IncWeak earnings and guidance with declining margins and lowered forecast
Palantir Technologies Inc.