Fastly (NYSE:FSLY) Updates Q3 2026 Earnings Guidance

Fastly (NYSE:FSLY) issued an update on its third quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.110-0.130 for the period, compared to the consensus estimate of 0.010. The company issued revenue guidance of $184.0 million-$190.0 million, compared to the consensus revenue estimate of $180.1 million. Fastly also updated its FY 2026 guidance to 0.500-0.540 EPS.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Freedom Capital upgraded Fastly to a “strong-buy” rating in a research report on Thursday, July 16th. KeyCorp increased their target price on shares of Fastly from $14.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Craig Hallum lowered shares of Fastly from a “buy” rating to a “hold” rating and set a $24.00 price target on the stock. in a report on Tuesday, April 14th. Piper Sandler dropped their price objective on shares of Fastly to $27.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Finally, Evercore started coverage on shares of Fastly in a research note on Tuesday, April 14th. They set an “outperform” rating and a $24.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $23.11.

Fastly Trading Up 4.3%

Shares of Fastly stock traded up $1.08 on Wednesday, hitting $26.03. 14,568,708 shares of the company’s stock traded hands, compared to its average volume of 9,913,310. Fastly has a one year low of $6.31 and a one year high of $34.82. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The company has a fifty day moving average of $19.42 and a two-hundred day moving average of $19.90. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of -27.11 and a beta of 0.34.

Insider Activity

In other news, insider Scott R. Lovett sold 41,716 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $17.77, for a total value of $741,293.32. Following the transaction, the insider owned 1,392,778 shares in the company, valued at $24,749,665.06. The trade was a 2.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Lacey Compton III sold 34,334 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $16.85, for a total transaction of $578,527.90. Following the transaction, the chief executive officer owned 1,099,561 shares of the company’s stock, valued at approximately $18,527,602.85. The trade was a 3.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 274,529 shares of company stock worth $4,761,780 over the last 90 days. 4.20% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Fastly

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly reported second-quarter earnings of $0.15 per share, well above the $0.07 consensus estimate and a significant improvement from a $0.03-per-share loss a year earlier. The earnings beat supports the company’s profitability turnaround. Fastly Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management raised its outlook, projecting third-quarter EPS of $0.11-$0.13 versus the $0.01 analyst estimate, and revenue of $184 million-$190 million versus the $180.1 million consensus. Full-year 2026 EPS guidance was set at $0.50-$0.54, reinforcing expectations for continued earnings growth.
• Positive Sentiment: Fastly characterized the quarter as a record period, citing strong execution, customer demand and momentum from its platform strategy. The company’s confidence in raising its full-year outlook is a favorable signal for investors. Fastly Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Fastly’s partnership with Experian’s Agent Trust ecosystem is strengthening its artificial-intelligence investment narrative. The collaboration is designed to verify AI agents, authorize transactions and apply identity-based security policies at the network edge, potentially creating new enterprise demand. Why Fastly Is Up After Joining Experian’s Agent Trust AI Security Ecosystem
• Neutral Sentiment: Despite the strong quarter and raised guidance, shares reportedly weakened after the earnings release, suggesting investors may have been focused on valuation, expectations already reflected in the stock, or details beyond the headline results. Fastly Stock Sinks Despite Strong Q2 Print
• Negative Sentiment: Fastly’s substantial recent share-price gains and elevated market valuation raise the bar for future results. Investors may require continued earnings beats and strong execution before assigning further upside to FSLY. Is Fastly Fully Valued on Its Experian Agent Trust Deal?

Institutional Trading of Fastly

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sunbelt Securities Inc. grew its holdings in shares of Fastly by 199.8% during the fourth quarter. Sunbelt Securities Inc. now owns 70,868 shares of the company’s stock worth $721,000 after purchasing an additional 47,233 shares in the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in Fastly during the fourth quarter valued at approximately $11,657,000. Invesco Ltd. grew its stake in Fastly by 13.7% in the 4th quarter. Invesco Ltd. now owns 408,148 shares of the company’s stock worth $4,155,000 after buying an additional 49,093 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of Fastly in the 4th quarter worth $439,000. Finally, XTX Topco Ltd purchased a new stake in shares of Fastly during the 4th quarter valued at $403,000. 79.71% of the stock is currently 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.