Fastly Reports Strong Q1 Results, Achieves Non-GAAP Profitability, and Raises Full-Year Guidance
Summary
Fastly reported record Q1 2026 revenue and gross margin, achieved non-GAAP profitability, and significantly increased RPO, leading to a raised full-year guidance.
Key Events
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Record Q1 Revenue
Total revenue grew 20% year-over-year to $173.0 million, driven by 47% growth in security revenue.
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Achieved Non-GAAP Profitability
The company reported non-GAAP operating income of $19.1 million and non-GAAP net income per basic share of $0.15, a significant turnaround from losses in the prior year.
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Strong RPO Growth
Remaining Performance Obligations (RPO) increased 63% year-over-year to $369 million, indicating robust future revenue.
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Raised Full-Year Guidance
Fastly increased its full-year 2026 revenue guidance to $710.0 - $725.0 million, reflecting confidence in continued performance.
Analysis
Fastly's first-quarter results demonstrate significant operational improvements and accelerated growth, particularly in its high-margin security segment. The company achieved record revenue, gross margin, and remaining performance obligations (RPO), while also turning profitable on a non-GAAP basis. The decision to raise full-year 2026 guidance signals management's confidence in continued momentum and execution. These strong results, coupled with expanding customer relationships and product innovation, suggest a positive trajectory for the company.
At the time of this filing, FSLY was trading at $25.01 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.9B. The 52-week trading range was $5.63 to $34.82. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.