Fastly Reports Strong Q1 Results, Achieves Non-GAAP Profitability, and Raises Full-Year Guidance

summarizeSummary

Fastly reported record Q1 2026 revenue and gross margin, achieved non-GAAP profitability, and significantly increased RPO, leading to a raised full-year guidance.

check_boxKey Events

• Record Q1 Revenue

  Total revenue grew 20% year-over-year to $173.0 million, driven by 47% growth in security revenue.

• 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.

• Strong RPO Growth

  Remaining Performance Obligations (RPO) increased 63% year-over-year to $369 million, indicating robust future revenue.

• Raised Full-Year Guidance

  Fastly increased its full-year 2026 revenue guidance to $710.0 - $725.0 million, reflecting confidence in continued performance.

auto_awesomeAnalysis

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.