Earnings ·
Reports Q3 revenue of $1.1 billion, up 6%, with non-GAAP EPS of $1.77 and raises full-year growth outlook
AKAMAkamai Technologies Inc
Akamai Technologies reported third-quarter revenue of $1.122 billion, a 6% increase year-over-year, driven by a 9% rise in security revenue to $622 million and a 34% surge in cloud infrastructure services to $109 million. GAAP diluted EPS was $0.77, down 21%, while non-GAAP diluted EPS came in at $1.77, a 5% decline. The company reported adjusted EBITDA of $435 million and cash from operations of $433 million. Akamai raised its full-year 2026 revenue guidance to $4.44 billion–$4.465 billion and projected total revenue growth of 17% to 22% in 2027, with cloud infrastructure services expected to reach $1.1 billion–$1.3 billion. The company did not repurchase shares in the quarter but spent $616 million on buybacks during the first nine months. Akamai Technologies operates as a cloud computing and cybersecurity provider delivering content delivery network, security, and cloud optimization services.