AKAM · 10-Q · 2026Q2 · Full report
Capital Return Program
AKAMAI TECHNOLOGIES INC · 2026-08-07 · Importance 40 · Surprise 42 · In source text
Akamai repurchased 5.0 million common shares for $615.7 million during the six months ended June 30, 2026, at a weighted-average price of $123.19 per share. The repurchases used 30.8% of the $2.0 billion authorization approved in May 2024 and left $564.8 million available as of June 30, 2026. Management said it did not expect additional repurchases during the remainder of 2026 while investing in the platform to support cloud-infrastructure services.
Key facts
- In May 2024, our board of directors authorized a $2.0 billion share repurchase program, effective May 2024 through June 2027. source
- As of June 30, 2026, $564.8 million remained available for future share repurchases under the authorization program. source
- Repurchases of common stock during the six months ended June 30, 2026: $(615,744) (in thousands). source
- During the six months ended June 30, 2026, we repurchased 5.0 million shares of common stock at a weighted average price of $123.19 per share for an aggregate of $615.7 million. source
- We do not expect any share repurchases for the remainder of 2026 as we continue to invest in our platform to support cloud infrastructure services. source
- Additionally, we used a portion of the net proceeds for share repurchases. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -4.1% | During the six months ended June 30, 2026, we repurchased 5.0 million shares of common stock at a weighted average price of $123.19 per… |
| cash | positive | probable | — | We do not expect any share repurchases for the remainder of 2026 as we continue to invest in our platform to support cloud infrastructure… |