AKAM · Earnings call · 2026Q2T · Full report
Security Product Growth
AKAMAI TECHNOLOGIES INC · 2026-08-06 · Importance 54 · Surprise 40 · In source text
Security revenue increased 10% year over year as reported and 9% in constant currency during Q2. Growth was led by Web App Firewall, API security, and Guardicore segmentation solutions, with management citing stronger demand related to AI-driven vulnerabilities and larger cyberattacks. A major bank signed a $14 million upgrade to secure all of its applications, and a large telecommunications company signed security and delivery renewal upgrades worth more than $20 million over two years. Management expects security revenue to grow at a high-single-digit rate in constant currency for full-year 2026.
Key facts
- Akamai expects its security portfolio to generate more than $2.4 billion in revenue this year.
- Akamai signed a $14 million upgrade with one of the world's largest banks to have Akamai secure all of their applications.
- Akamai continues to expect security revenue growth in the high single digits on a constant currency basis in 2026.
- In Q2, Akamai security revenue was $404 million, up 10% year over year as reported and 9% in constant currency.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | +1.1% | Akamai signed a $14 million upgrade with one of the world's largest banks to have Akamai secure all of their applications. |
| revenue | positive | committed | — | Akamai expects its security portfolio to generate more than $2.4 billion in revenue this year. |
| revenue | positive | committed | — | Akamai continues to expect security revenue growth in the high single digits on a constant currency basis in 2026. |