Akamai Technologies (AKAM) Research

Forward Estimates

EPS Estimates

Current Qtr

$1.58

$1.54$1.63

vs $1.73-8.7%

22 analysts

Next Qtr

$1.70

$1.59$1.84

vs $1.86-8.6%

22 analysts

Current Yr

$6.72

$6.45$7.06

vs $7.12-5.7%

25 analysts

Next Yr

$7.16

$5.81$7.97

vs $6.72+6.7%

25 analysts

Revenue Estimates

Current Qtr

$1.09B

$1.09B$1.11B

vs $1.04B+4.8%

21 analysts

Next Qtr

$1.13B

$1.12B$1.15B

vs $1.05B+7.3%

21 analysts

Current Yr

$4.50B

$4.48B$4.57B

vs $4.21B+7.0%

25 analysts

Next Yr

$4.98B

$4.68B$5.13B

vs $4.50B+10.5%

25 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for AKAM on EDGAR.

AKAM filing events and research context
Filed	Item	Context
Feb 20, 2026	business	Akamai Technologies operates a highly distributed global edge network comprising over 4,300 points-of-presence across 130 countries, delivering solutions across three core segments: security, cloud computing, and delivery. In security, Akamai provides web application firewalls, DDoS protection, and the Akamai Guardicore Platform for Zero Trust microsegmentation. To address emerging threats, Akamai launched Firewall for AI in 2025 and expanded its API Security suite through the acquisitions of Neosec (2023) and Noname Security (2024). The cloud computing segment focuses on edge-native applications to compete with hyper-scalers, highlighted by the 2025 launch of the Akamai Inference Cloud powered by NVIDIA GPUs, the acquisition of serverless WebAssembly provider Fermyon, and the Akamai App Platform. The delivery segment provides web performance and media streaming solutions. Akamai markets its solutions globally through a direct field sales force and channel partners like Deloitte and Microsoft Azure. Its customer base is highly diversified, with no single customer representing over 10% of revenue. Key operational risks include intense competition from major cloud providers, rapid technological shifts in AI, and navigating complex global regulations such as GDPR, CCPA, and evolving AI governance frameworks.
Feb 20, 2026	mda	Akamai Technologies generated $4.21 billion in total revenue in 2025, representing 5% year-over-year growth, with international markets contributing 49% of the total. Growth was led by the Security segment, which rose 10% to $2.24 billion, driven by API security, web application security, and Guardicore segmentation solutions. Cloud Computing revenue grew 12% to $708 million, supported by Cloud Infrastructure Services and EdgeWorkers. Conversely, Delivery revenue declined 5% to $1.26 billion due to downward pricing at contract renewals and traffic optimization by media and gaming customers. To expand its capabilities, Akamai integrated acquisitions including Fermyon, Noname Security, and customer contracts from Edgio. Operating margins face pressure from rising co-location costs and network equipment depreciation, driven by hyperscaler market dynamics as Akamai expands its compute platform. However, 2025 bandwidth fees fell 17% to $193 million due to improved pricing. The company shifted certain compensation programs, like its 401(k) match, from cash to stock. Akamai ended 2025 with $1.9 billion in cash and marketable securities. In May 2025, it issued $1.73 billion in convertible senior notes due 2033 to refinance $1.15 billion in maturing notes, and repurchased $800 million of common stock.
Feb 20, 2026	risk_factors	Akamai Technologies faces critical operational and financial risks across its core business segments. While security solutions generate the largest portion of revenue, they face intense pricing pressure. Delivery solutions continue to decline as major customers adopt "do-it-yourself" (DIY) or multi-vendor strategies, exemplified by a large social media customer's platform optimization in 2024. To drive growth, Akamai is heavily investing in cloud computing and its new AIC edge artificial intelligence inference platform. However, these initiatives require substantial capital expenditures, face dominant incumbents with priority access to hardware and co-location facilities, and carry integration risks from the Linode acquisition. Globally, Akamai is exposed to supply chain disruptions, tariffs, and geopolitical instability; notably, six percent of its workforce is located in Israel, exposing operations to regional conflicts. Regulatory hurdles are also rising, including compliance with the EU AI Act, digital sovereignty frameworks, and complex data transfer restrictions like the U.S. Protecting Americans from Foreign Adversary Controlled Applications Act (PAFACA). Financially, Akamai carries significant leverage, with $4.14 billion in outstanding convertible senior notes, which could restrict operational flexibility if cash flows or profitability decline.

Filed

Item

Context

Feb 20, 2026

business

Akamai Technologies operates a highly distributed global edge network comprising over 4,300 points-of-presence across 130 countries, delivering solutions across three core segments: security, cloud computing, and delivery. In security, Akamai provides web application firewalls, DDoS protection, and the Akamai Guardicore Platform for Zero Trust microsegmentation. To address emerging threats, Akamai launched Firewall for AI in 2025 and expanded its API Security suite through the acquisitions of Neosec (2023) and Noname Security (2024). The cloud computing segment focuses on edge-native applications to compete with hyper-scalers, highlighted by the 2025 launch of the Akamai Inference Cloud powered by NVIDIA GPUs, the acquisition of serverless WebAssembly provider Fermyon, and the Akamai App Platform. The delivery segment provides web performance and media streaming solutions. Akamai markets its solutions globally through a direct field sales force and channel partners like Deloitte and Microsoft Azure. Its customer base is highly diversified, with no single customer representing over 10% of revenue. Key operational risks include intense competition from major cloud providers, rapid technological shifts in AI, and navigating complex global regulations such as GDPR, CCPA, and evolving AI governance frameworks.

Feb 20, 2026

mda

Akamai Technologies generated $4.21 billion in total revenue in 2025, representing 5% year-over-year growth, with international markets contributing 49% of the total. Growth was led by the Security segment, which rose 10% to $2.24 billion, driven by API security, web application security, and Guardicore segmentation solutions. Cloud Computing revenue grew 12% to $708 million, supported by Cloud Infrastructure Services and EdgeWorkers. Conversely, Delivery revenue declined 5% to $1.26 billion due to downward pricing at contract renewals and traffic optimization by media and gaming customers. To expand its capabilities, Akamai integrated acquisitions including Fermyon, Noname Security, and customer contracts from Edgio. Operating margins face pressure from rising co-location costs and network equipment depreciation, driven by hyperscaler market dynamics as Akamai expands its compute platform. However, 2025 bandwidth fees fell 17% to $193 million due to improved pricing. The company shifted certain compensation programs, like its 401(k) match, from cash to stock. Akamai ended 2025 with $1.9 billion in cash and marketable securities. In May 2025, it issued $1.73 billion in convertible senior notes due 2033 to refinance $1.15 billion in maturing notes, and repurchased $800 million of common stock.

Feb 20, 2026

risk_factors

Akamai Technologies faces critical operational and financial risks across its core business segments. While security solutions generate the largest portion of revenue, they face intense pricing pressure. Delivery solutions continue to decline as major customers adopt "do-it-yourself" (DIY) or multi-vendor strategies, exemplified by a large social media customer's platform optimization in 2024. To drive growth, Akamai is heavily investing in cloud computing and its new AIC edge artificial intelligence inference platform. However, these initiatives require substantial capital expenditures, face dominant incumbents with priority access to hardware and co-location facilities, and carry integration risks from the Linode acquisition. Globally, Akamai is exposed to supply chain disruptions, tariffs, and geopolitical instability; notably, six percent of its workforce is located in Israel, exposing operations to regional conflicts. Regulatory hurdles are also rising, including compliance with the EU AI Act, digital sovereignty frameworks, and complex data transfer restrictions like the U.S. Protecting Americans from Foreign Adversary Controlled Applications Act (PAFACA). Financially, Akamai carries significant leverage, with $4.14 billion in outstanding convertible senior notes, which could restrict operational flexibility if cash flows or profitability decline.

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AKAM filing events and research context

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