AKAM · Earnings call · 2026Q2T · Full report

Guidance and Outlook

AKAMAI TECHNOLOGIES INC · 2026-08-06 · Importance 80 · Surprise 68 · No source text

Akamai forecast third-quarter 2026 revenue of $1.105 billion to $1.130 billion, representing 5% to 7% reported growth, with non-GAAP operating margin of approximately 24% to 26%. Full-year 2026 revenue guidance is $4.445 billion to $4.530 billion, or 6% to 8% reported growth, while Cloud Infrastructure Services revenue is expected to grow at least 50% in constant currency. Management expects a significant Cloud Infrastructure Services revenue ramp in Q4 2026 and continued acceleration into Q1 and throughout 2027 as large contracts begin generating revenue. Full-year 2026 non-GAAP operating margin is expected at approximately 25% to 26%, with capital expenditures at approximately 40% of revenue.

Key facts

• For Q3, Akamai is projecting revenue in the range of $1.105 billion to $1.130 billion, up 5% to 7% as reported and up 5% to 8% in constant currency over Q3 2025.
• Akamai expects Q3 non-GAAP EPS in the range of $1.60 to $1.80, which assumes taxes of $0.55 million to $2 million based on an estimated quarterly non-GAAP tax rate of approximately 19% and a fully diluted share count of approximately 150 million shares.
• For full year 2026, Akamai expects non-GAAP earnings per diluted share in the range of $6.40 to $7.05 based on a non-GAAP effective tax rate of approximately 19% and a fully diluted share count of approximately 150 million shares.

Impact estimates