AKAM · Earnings call · 2026Q2T · Full report

Capital Return Program

AKAMAI TECHNOLOGIES INC · 2026-08-06 · Importance 64 · Surprise 42

Akamai spent approximately $410 million in Q2 to repurchase about 3 million shares. Year-to-date repurchases totaled approximately $616 million for roughly 5 million shares, leaving $565 million under the existing authorization at June 30. Management temporarily suspended share repurchases to redirect capital toward the high-growth Cloud Infrastructure Services pipeline. The suspension reflects the company’s decision to prioritize GPU capacity and infrastructure investment over near-term capital returns.

Key facts

• In Q2, Akamai spent approximately $410 million to buy back approximately 3 million shares.
• Year to date, Akamai repurchased roughly 5 million shares for a total of approximately $616 million.
• Akamai ended the second quarter with approximately $565 million remaining on its current repurchase authorization.