Fastly (NYSE:FSLY) Updates FY 2026 Earnings Guidance

Fastly (NYSE:FSLY) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.270-0.330 for the period. The company issued revenue guidance of $710.0 million-$725.0 million. Fastly also updated its Q2 2026 guidance to 0.050-0.080 EPS.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FSLY. Royal Bank Of Canada increased their target price on Fastly from $12.00 to $20.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Evercore began coverage on Fastly in a report on Tuesday, April 14th. They issued an “outperform” rating and a $24.00 target price on the stock. Piper Sandler reiterated a “neutral” rating and issued a $14.00 target price (up from $11.00) on shares of Fastly in a report on Thursday, February 12th. Citigroup increased their target price on Fastly from $10.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Finally, William Blair raised Fastly from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 12th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $16.25.

Fastly Stock Performance

Shares of Fastly stock traded down $0.79 during trading hours on Wednesday, hitting $31.57. 14,953,642 shares of the company’s stock traded hands, compared to its average volume of 11,827,517. Fastly has a 12-month low of $5.84 and a 12-month high of $34.82. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of -32.89 and a beta of 0.49. The company has a fifty day simple moving average of $25.19 and a 200-day simple moving average of $15.67. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46.

Insider Activity

In other news, CTO Artur Bergman sold 265,000 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $22.79, for a total transaction of $6,039,350.00. Following the completion of the sale, the chief technology officer directly owned 1,604,901 shares of the company’s stock, valued at $36,575,693.79. This trade represents a 14.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Charles Lacey Compton III sold 7,059 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $24.57, for a total value of $173,439.63. Following the sale, the chief executive officer directly owned 1,133,895 shares of the company’s stock, valued at approximately $27,859,800.15. This represents a 0.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,374,553 shares of company stock valued at $28,180,823 in the last ninety days. 6.70% of the stock is currently owned by insiders.

Key Headlines Impacting Fastly

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Record Q1 results: Fastly reported record revenue, gross margin and remaining performance obligations, and highlighted 47% year-over-year growth in security revenue — demonstrating strong demand in higher-margin product lines. Fastly Announces Record First Quarter 2026 Financial Results
• Positive Sentiment: Raised earnings outlook: Fastly updated Q2 EPS guidance to $0.050–$0.080 (above the $0.010 consensus) and gave FY2026 EPS guidance of $0.270–$0.330 — an explicit improvement to profitability expectations that supports a re-rating. (Guidance released by the company)
• Positive Sentiment: Bullish options activity: Unusually large call buying (43,179 calls, +71% vs. typical volume) signaled speculative/positioning interest ahead of the print, which likely amplified upside into the report.
• Neutral Sentiment: Revenue guidance roughly in line: Q2 revenue guidance of $170.0M–$176.0M was essentially in line with the ~$170.9M consensus, reducing the magnitude of a revenue surprise despite the EPS beat. (Guidance released by the company)
• Negative Sentiment: Competition and pricing risk: Analysts and previews warned that competition in edge/cloud infrastructure and pricing pressure could limit upside and make sustained margin expansion harder, keeping some investors cautious. Should You Buy, Sell, or Hold FSLY Stock Before Q1 Earnings Release?
• Negative Sentiment: Hype vs. sustainability questions: Coverage questioned whether AI-related tailwinds and the recent optimism are enough to deliver durable profitability, introducing skepticism that can cap gains if future quarters don’t show clear trajectory. Is Fastly’s (FSLY) AI-Fueled Earnings Hype Redefining Its Path to Sustainable Profitability?
• Negative Sentiment: Pre-earnings run-up and volatility risk: The stock had a sizable pre-report surge (reported ~17.7% gain on Tuesday), which increases the chance of profit-taking and intra-day pullbacks after the headline news. Fastly (FSLY) Climbs 17.7%, Investors Upbeat on Earnings

Institutional Investors Weigh In On Fastly

Institutional investors have recently added to or reduced their stakes in the business. Align Financial LLC purchased a new stake in Fastly during the fourth quarter valued at about $41,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Fastly during the 4th quarter valued at about $54,000. Quarry LP bought a new stake in shares of Fastly during the 3rd quarter valued at about $49,000. Advisors Asset Management Inc. bought a new stake in shares of Fastly during the 4th quarter valued at about $83,000. Finally, Geneos Wealth Management Inc. bought a new stake in shares of Fastly during the 1st quarter valued at about $52,000. 79.71% of the stock is owned by hedge funds and other institutional investors.

About Fastly

Fastly, Inc operates an edge cloud platform designed to accelerate, secure and enable modern digital experiences. The company offers a suite of services including a content delivery network (CDN), edge compute, load balancing, web application firewall (WAF) and DDoS protection. Fastly’s real-time architecture allows customers to seamlessly deploy software logic at the network edge, reducing latency by bringing applications and content closer to end users.

Founded in 2011 by Artur Bergman, Fastly has evolved from a pure-play CDN provider into a comprehensive edge cloud platform.