Akamai Technologies (NASDAQ:AKAM) Updates Q3 2026 Earnings Guidance

Akamai Technologies (NASDAQ:AKAM) updated its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.600-1.800 for the period, compared to the consensus estimate of 1.560. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion. Akamai Technologies also updated its FY 2026 guidance to 6.400-7.050 EPS.

Akamai Technologies Price Performance

Akamai Technologies stock traded down $3.72 during midday trading on Thursday, hitting $118.55. 5,461,138 shares of the company’s stock were exchanged, compared to its average volume of 3,313,002. The stock has a 50-day moving average price of $125.55 and a two-hundred day moving average price of $115.83. Akamai Technologies has a 52-week low of $69.78 and a 52-week high of $165.45. The company has a market cap of $17.23 billion, a P/E ratio of 39.92, a PEG ratio of 5.19 and a beta of 0.63. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.06 and a current ratio of 2.06.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm posted $1.73 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. Akamai Technologies has set its Q3 2026 guidance at 1.600-1.800 EPS and its FY 2026 guidance at 6.400-7.050 EPS. On average, equities research analysts forecast that Akamai Technologies will post 3.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

AKAM has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on shares of Akamai Technologies from $120.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Citigroup increased their price target on shares of Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Susquehanna raised their target price on shares of Akamai Technologies from $120.00 to $175.00 and gave the company a “positive” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. raised their price objective on Akamai Technologies from $72.00 to $100.00 in a research report on Friday, May 8th. Finally, UBS Group lifted their price objective on Akamai Technologies from $110.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Akamai Technologies currently has a consensus rating of “Hold” and a consensus target price of $145.29.

Insider Transactions at Akamai Technologies

In related news, CTO Robert Blumofe sold 243 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $129.41, for a total transaction of $31,446.63. Following the completion of the transaction, the chief technology officer directly owned 31,006 shares of the company’s stock, valued at approximately $4,012,486.46. This trade represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,300 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total value of $311,811.00. Following the transaction, the executive vice president owned 59,210 shares of the company’s stock, valued at $8,027,099.70. This represents a 3.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is owned by company insiders.

Key Stories Impacting Akamai Technologies

Here are the key news stories impacting Akamai Technologies this week:

• Positive Sentiment: Q2 earnings and revenue beat estimates: Akamai reported adjusted earnings of $1.59 per share versus the $1.57–$1.58 consensus range, while revenue rose 5.4% year over year to approximately $1.10 billion, ahead of the roughly $1.09 billion forecast. Demand for cloud infrastructure and security services supported the results. Akamai beats quarterly estimates on cloud infrastructure demand
• Positive Sentiment: Guidance exceeded EPS expectations: Akamai projected third-quarter 2026 EPS of $1.60–$1.80, above the $1.56 consensus estimate, and raised or maintained full-year EPS guidance at $6.40–$7.05 versus the $6.15 consensus. Revenue guidance was broadly in line with expectations at $4.4–$4.5 billion for the year. Akamai Technologies beats Q2 earnings and revenue estimates
• Positive Sentiment: Security product momentum: New research on “shadow AI” risks and the expansion of Akamai Workforce Protector reinforce the company’s positioning in enterprise cybersecurity as businesses adopt artificial intelligence. Akamai Research on shadow AI
• Neutral Sentiment: Mixed underlying comparisons: Although revenue grew, quarterly EPS declined from $1.73 a year earlier, highlighting pressure on profitability despite the earnings beat. Akamai Q2 key metrics
• Negative Sentiment: AI investment and balance-sheet concerns remain: Akamai’s large AI infrastructure commitment requires elevated capital expenditures and additional borrowing, potentially weighing on free cash flow, leverage and returns before the investment generates meaningful benefits.
• Negative Sentiment: Insider selling may weigh on sentiment: Reported insider activity showed 21 sales and no purchases over the past six months, including transactions by several senior executives.

Institutional Trading of Akamai Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rexford Capital Inc. increased its holdings in Akamai Technologies by 1.9% in the fourth quarter. Rexford Capital Inc. now owns 5,106 shares of the technology infrastructure company’s stock worth $445,000 after buying an additional 93 shares during the last quarter. Siemens Fonds Invest GmbH lifted its stake in Akamai Technologies by 8.3% in the third quarter. Siemens Fonds Invest GmbH now owns 2,043 shares of the technology infrastructure company’s stock valued at $155,000 after acquiring an additional 156 shares during the last quarter. Orion Porfolio Solutions LLC grew its position in Akamai Technologies by 8.4% in the third quarter. Orion Porfolio Solutions LLC now owns 2,966 shares of the technology infrastructure company’s stock worth $225,000 after acquiring an additional 231 shares in the last quarter. Woodline Partners LP grew its position in Akamai Technologies by 1.1% in the third quarter. Woodline Partners LP now owns 21,804 shares of the technology infrastructure company’s stock worth $1,652,000 after acquiring an additional 236 shares in the last quarter. Finally, Zions Bancorporation National Association UT increased its stake in shares of Akamai Technologies by 4.8% during the 4th quarter. Zions Bancorporation National Association UT now owns 5,171 shares of the technology infrastructure company’s stock worth $451,000 after purchasing an additional 239 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Akamai Technologies Company Profile

Akamai Technologies, Inc is a leading provider of content delivery network (CDN) services and cloud security solutions designed to optimize and safeguard digital experiences. Leveraging a globally distributed platform, the company accelerates web and mobile content delivery for enterprises, media companies, e-commerce platforms and government agencies. Its edge computing architecture brings processing power closer to end users, reducing latency and improving application performance across geographies.

The company’s core offerings include content acceleration, web and mobile performance optimization, media delivery, and a suite of cybersecurity solutions that protect against DDoS attacks, application-layer threats and bot-driven fraud.