Akamai Technologies (NASDAQ:AKAM) Releases Q2 2026 Earnings Guidance

Key Points

• Q2 2026 guidance: Akamai forecasted EPS of $1.45–$1.65 (consensus $1.54) and revenue of $1.1 billion, and raised FY 2026 EPS guidance to $6.40–$7.15.
• The company reported quarterly EPS of $1.61 and revenue of $1.07 billion, both in line with estimates, but shares fell about 4.3% to $116.69 on the news amid elevated trading volume.
• Several brokers lifted price targets (average target $112.37) while the stock's consensus rating remains "Hold"; insiders sold roughly 57,454 shares (~$5.9M) in the last three months and institutions own about 94.3% of the stock.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) updated its second quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 1.450-1.650 for the period, compared to the consensus EPS estimate of 1.540. 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 6.400-7.150 EPS.

Analysts Set New Price Targets

Several brokerages recently commented on AKAM. DA Davidson upped their target price on Akamai Technologies from $115.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, February 12th. Royal Bank Of Canada boosted their price target on Akamai Technologies from $90.00 to $100.00 and gave the company a "sector perform" rating in a research note on Friday, February 20th. Oppenheimer boosted their price target on Akamai Technologies from $115.00 to $130.00 and gave the company an "outperform" rating in a research note on Thursday, April 23rd. The Goldman Sachs Group boosted their price target on Akamai Technologies from $69.00 to $76.00 and gave the company a "sell" rating in a research note on Friday, February 20th. Finally, Piper Sandler boosted their price target on Akamai Technologies from $97.00 to $114.00 and gave the company a "neutral" rating in a research note on Tuesday, April 7th. Nine investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $112.37.

Akamai Technologies Stock Down 4.3%

Shares of NASDAQ:AKAM traded down $5.30 during trading on Thursday, reaching $116.69. 9,324,389 shares of the stock were exchanged, compared to its average volume of 4,616,902. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.36 and a quick ratio of 2.36. Akamai Technologies has a 1-year low of $69.78 and a 1-year high of $122.24. The stock has a fifty day moving average of $105.10 and a two-hundred day moving average of $94.54. The firm has a market cap of $16.92 billion, a price-to-earnings ratio of 37.89, a price-to-earnings-growth ratio of 4.05 and a beta of 0.45.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last issued its earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share for the quarter, hitting analysts' consensus estimates of $1.61. Akamai Technologies had a return on equity of 13.86% and a net margin of 10.74%.The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. Akamai Technologies has set its FY 2026 guidance at 6.400-7.150 EPS and its Q2 2026 guidance at 1.450-1.650 EPS. Research analysts anticipate that Akamai Technologies will post 4.17 earnings per share for the current fiscal year.

Insider Transactions at Akamai Technologies

In other Akamai Technologies news, CTO Robert Blumofe sold 3,500 shares of the company's stock in a transaction on Friday, February 13th. The stock was sold at an average price of $108.00, for a total value of $378,000.00. Following the completion of the transaction, the chief technology officer owned 14,574 shares in the company, valued at $1,573,992. This represents a 19.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Laura Howell sold 11,273 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $100.14, for a total value of $1,128,878.22. Following the transaction, the chief accounting officer owned 12,559 shares of the company's stock, valued at $1,257,658.26. The trade was a 47.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 57,454 shares of company stock worth $5,889,371. Company insiders own 2.30% of the company's stock.

Institutional Trading of Akamai Technologies

Institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its holdings in shares of Akamai Technologies by 522.8% during the 3rd quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company's stock valued at $153,061,000 after buying an additional 1,695,937 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of Akamai Technologies by 570.0% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,634,040 shares of the technology infrastructure company's stock valued at $123,795,000 after buying an additional 1,390,167 shares in the last quarter. Rubric Capital Management LP purchased a new position in shares of Akamai Technologies during the 4th quarter valued at about $104,700,000. First Trust Advisors LP raised its holdings in shares of Akamai Technologies by 16.5% during the 4th quarter. First Trust Advisors LP now owns 6,752,000 shares of the technology infrastructure company's stock valued at $589,112,000 after buying an additional 957,345 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Akamai Technologies by 33.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,115,342 shares of the technology infrastructure company's stock valued at $271,820,000 after buying an additional 784,009 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

About Akamai Technologies

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.

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