AKAM · Earnings call · 2026Q2T · Full report

Capital Expenditure Program

AKAMAI TECHNOLOGIES INC · 2026-08-06 · Importance 68 · Surprise 42 · From source text

Second-quarter capital expenditures were $347 million, equal to 32% of revenue, and were below guidance because GPU deliveries arrived shortly after quarter-end. Q3 capital expenditures are expected to increase to $475 million–$525 million, or approximately 43%–46% of revenue, as delayed GPU shipments and major contract buildouts are funded. Akamai expects up to $500 million of additional capital expenditures to replenish and expand GPU capacity, with approximately $60 million incurred in 2026 and the remainder in early 2027. Full-year 2026 capital expenditures are expected to equal approximately 40% of revenue.

Key facts

• Akamai expects to invest up to $500 million in CapEx to replenish and expand GPU capacity, with approximately $60 million to be spent in 2026 and the remainder hitting in early 2027.
• For Q3 Akamai expects to spend approximately $475 million to $525 million in CapEx, representing approximately 43% to 46% of total revenue.
• Q2 capital expenditures were $347 million, or 32% of revenue.
• Second quarter CapEx was below guidance primarily driven by the timing of receipt of some GPUs, whose shipments arrived a few weeks later than expected following the quarter end.
• Akamai said it typically requests 5 to 20 megawatts from data center providers rather than asking for gigawatt facilities.

Impact estimates