AKAM · 10-Q · 2026Q3 · Full report

Cloud Infrastructure Commitments

AKAMAI TECHNOLOGIES INC · 2026-11-06 · Importance 64 · Surprise 42 · In source text

As of September 30, 2026, Akamai had $2.4 billion of additional co-location operating leases that had not yet commenced; most are expected to commence by the end of 2027, with terms ranging from one to twenty years. The company said it had added and expects to continue adding co-location lease commitments to support large, multi-year cloud infrastructure services arrangements. It also had approximately $1.0 billion of noncancellable server and related-equipment purchase commitments for those arrangements, except upon customer cancellation.

Key facts

• During 2026, Akamai entered into several large, multi-year cloud infrastructure services arrangements totaling more than $14 billion in aggregate, including with customers building, deploying and operating AI workloads on its platform. source
• As of September 30, 2026, Akamai had $2.4 billion of additional co-location operating leases that had not commenced; a majority are expected to commence by the end of 2027, with lease terms of one to twenty years. source
• Approximately $1.0 billion of Akamai’s server and related equipment purchase commitments for large multi-year cloud infrastructure services arrangements are noncancellable, except upon customer cancellation. source
• After September 30, 2026, Akamai added and expects to continue adding co-location lease commitments over the next year to support large cloud infrastructure services arrangements. source
• Akamai expects capital investments for its large, multi-year cloud infrastructure services arrangements to precede a significant portion of the related customer cash inflows as infrastructure is deployed and services commence and ramp over time. source

Impact estimates