AKAM · 10-Q · 2026Q2

AKAMAI TECHNOLOGIES INC

Filed 2026-08-07 · Other · View original filing on EDGAR

Ranked Events

• Cloud Infrastructure DemandImportance 72 · Surprise 74
  Cloud infrastructure services revenue increased 39% year over year for the six months ended June 30, 2026, driven by sales of compute solutions to new and existing customers and compute partner solutions running on…
• Outstanding IndebtednessImportance 71 · Surprise 60
  In May 2026, Akamai issued $1.75 billion of zero-coupon convertible senior notes due 2030 and another $1.75 billion due 2032, generating $3.216 billion of net convertible-note financing activity during the first six…
• Security Product GrowthImportance 60 · Surprise 40
  Security solutions revenue increased year over year, led by API security, web application security and Guardicore segmentation solutions. Akamai said application security and microsegmentation solutions were…
• Operating Cash Flow TrendsImportance 54 · Surprise 40
  Net cash provided by operating activities declined to $638.8 million for the six months ended June 30, 2026, from $710.3 million in the comparable 2025 period, a decrease of $71.6 million, or 10.1%. The decline…
• Headcount / RestructuringImportance 54 · Surprise 74
  Second-quarter restructuring charges were $1.8 million, down 41% from $3.1 million in the second quarter of 2025, while first-half charges were $2.0 million, down 42% from $3.5 million. The 2026 charges arose from an…
• Research and Development ExpenseImportance 54 · Surprise 40
  Second-quarter research and development expense increased 18% year over year to $148.8 million, and first-half expense increased 16% to $290.4 million. First-half payroll and related costs increased to $330.5 million…
• Capital Expenditure OutlookImportance 52 · Surprise 42
  Akamai expects cost of revenue to increase during the remainder of 2026 as it continues investing in its platform to scale cloud infrastructure services. The company specifically expects higher co-location costs,…
• AI Infrastructure InvestmentImportance 52 · Surprise 42
  Akamai is scaling Akamai Cloud and compute-to-edge solutions to support enterprise applications and the rapid evolution of artificial intelligence. The company plans continued investment in security products and cloud…
• Cloud Infrastructure Supply CostsImportance 52 · Surprise 42
  Akamai is expanding its network and platform capacity to support cloud infrastructure services and AI applications, including through compute partner programs. Competition for data center space from hyperscalers has…
• Income Tax Rate ChangesImportance 51 · Surprise 64
  Second-quarter income tax provision decreased 57% year over year to $20.6 million, and first-half provision decreased 63% to $36.3 million. The reductions reflected lower profitability, larger excess tax benefits from…
• Liquidity and Cash PositionImportance 49 · Surprise 6
  As of June 30, 2026, Akamai held $4.6 billion in cash, cash equivalents and marketable securities. Cash and cash equivalents held outside the U.S. totaled $363.5 million, and management said the foreign-held balance…
• Revenue Performance and MixImportance 48 · Surprise 40
  Second-quarter 2026 revenue increased to $1.100 billion from $1.043 billion in the second quarter of 2025, while first-half revenue increased to $2.173 billion from $2.059 billion. Security revenue increased 10% year…
• Revolving Credit FacilityImportance 43 · Surprise 6
  Akamai had two revolving credit arrangements with aggregate available commitments of up to $1.15 billion as of June 30, 2026. The 2025 Credit Agreement provides $150.0 million of uncommitted capacity and is secured…
• Operating Expense TrendsImportance 41 · Surprise 22
  Second-quarter sales and marketing expense increased 16% year over year to $170.0 million, while first-half expense increased 17% to $327.1 million, primarily because of go-to-market headcount growth and higher…
• Gross Margin DriversImportance 41 · Surprise 22
  Second-quarter cost of revenue increased 14% year over year to $485.9 million, and first-half cost of revenue increased 13% to $957.2 million. Second-quarter co-location costs increased to $99.5 million from $87.2…
• Datacenter Capacity ExpansionImportance 40 · Surprise 42
  Akamai is accelerating investment in cloud infrastructure services, prioritizing the rapid build-out of its global footprint. The company is expanding its network and co-location presence, including additional space,…
• Capital Return ProgramImportance 40 · Surprise 42
  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…
• Macroeconomic Factors ImpactImportance 38 · Surprise 24
  Akamai reports that global macroeconomic and geopolitical headwinds are causing customers, particularly in media and gaming, to optimize traffic and reduce spending. Network traffic growth is expected to remain…
• International Market GrowthImportance 37 · Surprise 32
  International revenue increased to $549.3 million in the second quarter of 2026 from $515.9 million in the second quarter of 2025, while U.S. revenue increased to $550.4 million from $527.6 million. For the first half,…
• Delivery Traffic Pricing PressureImportance 31 · Surprise 32
  Delivery and other cloud applications revenue declined 6% year over year for the six months ended June 30, 2026, primarily because contract renewal pricing moved downward. Traffic growth on Akamai’s network improved…

Revenue by Product (in thousands)

Revenue by Geography (in thousands)