Akamai Q2 Revenue Hits $1.1B, Cloud Infrastructure Surges 39%, $2.8B in New CIS Contracts Signed
AKAM sits 92% above its 52-week low of $69.78.
Summary
Akamai reported Q2 2026 revenue of $1.1 billion, up 5% YoY, with Cloud Infrastructure Services surging 39% to $99 million. The company signed over $2.8 billion in new multi-year CIS contracts year-to-date, including a $600M+ deal with a new tech customer. Security revenue grew 10% to $604 million. Non-GAAP EPS was $1.59, down 8% YoY. Full-year revenue guidance is $4.445B-$4.530B.
Key Events · Earnings and Guidance · AKAM
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Q2 Revenue Beats at $1.1B
Revenue of $1.1 billion, up 5% YoY, driven by 39% growth in Cloud Infrastructure Services to $99 million and 10% growth in Security to $604 million.
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$2.8B in New CIS Contracts
Year-to-date, Akamai signed multi-year Cloud Infrastructure Services contracts worth over $2.8 billion, including a $600 million-plus, four-year deal with a new U.S. technology company, validating its AI infrastructure strategy.
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Non-GAAP EPS of $1.59
Non-GAAP net income per diluted share was $1.59, down 8% YoY but above expectations; GAAP EPS fell 27% to $0.52 due to higher investments and costs.
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$410M in Share Repurchases
The company repurchased 3 million shares for $410 million at an average price of $134.54 per share in Q2, ending the quarter with $4.6 billion in cash and marketable securities.
Analysis · AKAM · Trade & Services
Akamai delivered a strong second quarter, with revenue reaching $1.1 billion, up 5% year-over-year. The standout was Cloud Infrastructure Services, which grew 39% to $99 million, driven by a wave of multi-year contracts totaling over $2.8 billion year-to-date. This includes a landmark $600 million-plus, four-year deal with a new U.S. technology customer, validating Akamai's position as a key AI infrastructure provider. Security revenue also grew 10% to $604 million. While GAAP earnings per share fell 27% to $0.52 due to higher costs and investments, non-GAAP EPS of $1.59 beat expectations. The company repurchased $410 million in stock during the quarter and ended with $4.6 billion in cash and securities. Guidance for Q3 and the full year was provided, with full-year revenue expected between $4.445 billion and $4.530 billion. The massive CIS contract wins signal a strategic shift toward high-growth AI infrastructure, offsetting declines in legacy delivery services.
At the time of this filing, AKAM was trading at $134.29 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $17.2B. The 52-week trading range was $69.78 to $165.45. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.