Akamai Technologies Inc
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+ FollowMarket Cap$12.43B
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Earnings Call Q1 2026
May 7, 2026 - AI Summary
Major surprise/good: Landmark CIS (cloud infrastructure) mega-deal
- Akamai announced a 7-year, $1.8B commitment (largest customer deal in company history) for cloud infrastructure services with a leading frontier model company.
- Deal mechanics (from Q&A): dedicated capacity / take-or-pay style, billed ratably over the contract once capacity is live; most of the impact shows up in RPO next quarter, and revenue ramps as capacity is deployed (some in 2026, partial 2027, then full for remaining years).
- Management framing: validates Akamai as an AI “inference grid” infrastructure provider (distributed low-latency compute + orchestration), not just CDN/security.
Good: Q1 results show CIS traction + security strength; delivery modestly pressured
- Total revenue: $1.074B, +6% YoY (reported) / +4% YoY (constant currency).
- CIS revenue: $95M, +40% YoY (reported) / +39% YoY (constant).
- Security revenue: $590M, +11% YoY (reported) / +9% YoY (constant).
- Strength driven by API security + Guardicore segmentation, plus WAF momentum.
- Delivery & other cloud apps revenue: $389M, -7% YoY (reported) / -8% YoY (constant), described as consistent with expectations due to the wrap-around impact of the Edgeio transaction; company expects the decline to moderate later in 2026.
Strong outlook with a key pivot: accelerating growth expectations into 2027
- 2026 revenue guidance: $4.445B–$4.55B
- +6% to +8% YoY (reported) / +5% to +8% (constant currency).
- Cloud infrastructure services guidance: company is raising CIS outlook to at least 50% YoY growth in constant currency.
- Security outlook: high single-digit constant-currency growth in 2026.
- Delivery/other outlook: still expects mid-single-digit decline (constant currency) in 2026.
- Strategic expectation (opportunity): driven by today’s $1.8B win + prior CIS momentum, Akamai now expects double-digit total company top-line growth in 2027.
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$224.80
161.6% upside
Current Fair Value
161.6% upsideUndervalued by 161.6% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $12.43 Billion |
|---|---|
| Enterprise Value | $20.49 Billion |
| Earnings per Share | $3.11 |
| Beta | 0.62 |
| Outstanding Shares | 144,660,000 |
Return
| Return on Equity | 8.65% |
|---|---|
| Return on Assets | 2.73% |
| Return on Invested Capital | 3.55% |
Valuation & Multiples
| P/E Ratio | 32.65 |
|---|---|
| PEG | -139.71 |
| Price to Sales | 2.96 |
| Price to Book Ratio | 2.69 |
| Enterprise Value to Revenue | 4.74 |
| Enterprise Value to EBIT | 47.13 |
| Enterprise Value to Net Income | 49 |
| Total Debt to Enterprise | 0.47 |
| Debt to Equity | 2.01 |
Revenue Sources
No data
Last Earnings Call
Report Date
August 6, 2026
EPS Estimate
$1.57
Consensus analyst estimateRevenue Estimate
$1.09 B
Consensus analyst estimateNext Earnings Call
Expected Date
November 5, 2026
EPS Estimate
$1.67
Consensus analyst estimateRevenue Estimate
$1.12 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 38.85, the ratio is above 1, so institutions hold more puts than calls. That is a more cautious stance.
| Put/Call Ratio | 38.8505▲ 3862.21% |
|---|---|
| Total Calls | 10,700▼ 99.96% |
| Total Puts | 415,700▼ 92.47% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 3.08%▼ 108.49% |
|---|---|
| Total Invested | $472.03M▼ 97.52% |
| Investors Holding | 236▼ 646.00% |
About Akamai Technologies Inc
7,650 employees
CEO: F. Thomson Leighton
Akamai secures and delivers digital experiences for the world's largest companies. Akamai's intelligent edge platform surrounds everything, from the enterprise to the cloud, so customers and their businesses can be fast, smart, and secur...