Akamai Technologies (NASDAQ:AKAM) Releases FY 2026 Earnings Guidance

Akamai Technologies (NASDAQ:AKAM) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 6.400-7.050 for the period, compared to the consensus EPS estimate of 6.150. The company issued revenue guidance of $4.4 billion-$4.5 billion, compared to the consensus revenue estimate of $4.5 billion. Akamai Technologies also updated its Q3 2026 guidance to 1.600-1.800 EPS.

Wall Street Analysts Forecast Growth

AKAM has been the topic of a number of analyst reports. Raymond James Financial lifted their price objective on shares of Akamai Technologies from $140.00 to $170.00 in a research report on Monday, May 11th. HSBC raised their target price on shares of Akamai Technologies from $134.00 to $171.00 in a research note on Monday, May 11th. TD Cowen lifted their target price on shares of Akamai Technologies from $135.00 to $140.00 and gave the company a “hold” rating in a report on Friday. Bank of America upgraded shares of Akamai Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $130.00 to $175.00 in a research note on Wednesday, May 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Akamai Technologies in a report on Wednesday, June 24th. Twelve equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Akamai Technologies currently has a consensus rating of “Hold” and a consensus price target of $145.33.

Akamai Technologies Stock Performance

Shares of AKAM stock opened at $110.54 on Friday. The stock has a fifty day moving average price of $124.77 and a 200 day moving average price of $115.79. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.06 and a current ratio of 2.06. The stock has a market cap of $16.07 billion, a PE ratio of 39.76, a P/E/G ratio of 5.03 and a beta of 0.63. Akamai Technologies has a 1 year low of $69.78 and a 1 year high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Akamai Technologies had a return on equity of 11.24% and a net margin of 9.51%.Akamai Technologies’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.73 earnings per share. Akamai Technologies has set its Q3 2026 guidance at 1.600-1.800 EPS and its FY 2026 guidance at 6.400-7.050 EPS. Sell-side analysts forecast that Akamai Technologies will post 3.91 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Kim Salem-Jackson sold 2,300 shares of Akamai Technologies stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total transaction of $311,811.00. Following the completion of the transaction, the executive vice president directly owned 59,210 shares in the company, valued at $8,027,099.70. The trade was a 3.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $129.41, for a total value of $31,446.63. Following the completion of the sale, the chief technology officer directly owned 31,006 shares in the company, valued at approximately $4,012,486.46. The trade was a 0.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is owned by corporate insiders.

Key Akamai Technologies News

Here are the key news stories impacting Akamai Technologies this week:

• Positive Sentiment: Akamai reported second-quarter adjusted EPS of $1.59, above the $1.57 consensus, while revenue rose 5.4% year over year to approximately $1.10 billion, exceeding estimates. Demand remained solid across cloud infrastructure and cybersecurity services. Akamai beats quarterly estimates on cloud infrastructure demand
• Positive Sentiment: The company announced a cloud infrastructure services contract valued at more than $600 million, reinforcing its position in the AI and robotics infrastructure market. Akamai Stock Is Solidly Part of the AI Trade After Earnings
• Positive Sentiment: Akamai’s third-quarter EPS outlook of $1.60–$1.80 topped the $1.56 consensus, and its full-year EPS forecast of $6.40–$7.05 is above the $6.15 analyst estimate. TD Cowen and Guggenheim raised their price targets to $140 and $190, respectively, with Guggenheim retaining a buy rating. Akamai Reports Second Quarter 2026 Financial Results
• Neutral Sentiment: Analyst opinion remains mixed. Royal Bank of Canada cut its target to $135 with a sector-perform rating, while Piper Sandler lowered its target to $140 and maintained neutral. These targets still imply substantial upside from recent trading levels, but the reductions signal more cautious expectations.
• Negative Sentiment: Although earnings exceeded estimates, second-quarter EPS declined from $1.73 a year earlier. Analysts are also focused on higher infrastructure investment needed to support Akamai’s AI expansion, which is weighing on near-term margins and cash-flow expectations.
• Negative Sentiment: Full-year revenue guidance of approximately $4.4–$4.5 billion was slightly below the $4.5 billion consensus, creating disappointment after the earnings beat. The stock’s decline suggests investors are prioritizing guidance and profitability risks over the headline results.

Hedge Funds Weigh In On Akamai Technologies

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC raised its holdings in Akamai Technologies by 522.8% in the 3rd quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company’s stock valued at $153,061,000 after acquiring an additional 1,695,937 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings in shares of Akamai Technologies by 570.0% during the third quarter. Alyeska Investment Group L.P. now owns 1,634,040 shares of the technology infrastructure company’s stock worth $123,795,000 after purchasing an additional 1,390,167 shares during the last quarter. Rubric Capital Management LP acquired a new stake in shares of Akamai Technologies during the fourth quarter worth $104,700,000. First Trust Advisors LP grew its position in shares of Akamai Technologies by 16.5% in the fourth quarter. First Trust Advisors LP now owns 6,752,000 shares of the technology infrastructure company’s stock valued at $589,112,000 after purchasing an additional 957,345 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Akamai Technologies by 33.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,115,342 shares of the technology infrastructure company’s stock valued at $271,820,000 after purchasing an additional 784,009 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

About Akamai Technologies

Akamai Technologies, Inc is a leading provider of content delivery network (CDN) services and cloud security solutions designed to optimize and safeguard digital experiences. Leveraging a globally distributed platform, the company accelerates web and mobile content delivery for enterprises, media companies, e-commerce platforms and government agencies. Its edge computing architecture brings processing power closer to end users, reducing latency and improving application performance across geographies.

The company’s core offerings include content acceleration, web and mobile performance optimization, media delivery, and a suite of cybersecurity solutions that protect against DDoS attacks, application-layer threats and bot-driven fraud.