Fastly (NYSE:FSLY) Releases Q2 2026 Earnings Guidance

Key Points

• Fastly raised Q2 EPS guidance to $0.050–$0.080 (vs. a $0.010 consensus) and FY2026 EPS to $0.270–$0.330, while Q2 revenue guidance of $170.0M–$176.0M was roughly in line with the ~$170.9M consensus.
• Several analysts bumped ratings and price targets (e.g., RBC to $20, William Blair to "outperform"), yet the consensus remains a Hold with an average target of $16.25; the stock slipped about 2.4% to $31.57 and insiders have sold roughly 1.37M shares (~$28.2M) in the past 90 days.

Fastly (NYSE:FSLY - Get Free Report) updated its second quarter 2026 earnings guidance on Wednesday. The company provided EPS guidance of 0.050-0.080 for the period, compared to the consensus EPS estimate of 0.010. The company issued revenue guidance of $170.0 million-$176.0 million, compared to the consensus revenue estimate of $170.9 million. Fastly also updated its FY 2026 guidance to 0.270-0.330 EPS.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FSLY. Royal Bank Of Canada raised their price objective on Fastly from $12.00 to $20.00 and gave the stock a "sector perform" rating in a research note on Monday, March 2nd. Piper Sandler reiterated a "neutral" rating and set a $14.00 price target (up from $11.00) on shares of Fastly in a research report on Thursday, February 12th. William Blair upgraded Fastly from a "market perform" rating to an "outperform" rating in a research report on Thursday, February 12th. Citigroup lifted their price target on Fastly from $10.00 to $13.00 and gave the company a "neutral" rating in a research report on Friday, February 13th. Finally, Craig Hallum cut Fastly from a "buy" rating to a "hold" rating and set a $24.00 price target for the company. in a research report on Tuesday, April 14th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $16.25.

Fastly Stock Down 2.4%

Shares of FSLY stock traded down $0.79 on Wednesday, reaching $31.57. 15,496,794 shares of the stock were exchanged, compared to its average volume of 11,827,517. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The business's 50 day moving average price is $25.19 and its 200 day moving average price is $15.67. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of -32.89 and a beta of 0.49. Fastly has a twelve month low of $5.84 and a twelve month high of $34.82.

Insider Activity

In other Fastly news, CTO Artur Bergman sold 275,234 shares of the firm's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $20.56, for a total transaction of $5,658,811.04. Following the transaction, the chief technology officer directly owned 1,909,901 shares of the company's stock, valued at approximately $39,267,564.56. This trade represents a 12.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Charles Lacey Compton III sold 73,206 shares of Fastly stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $20.94, for a total transaction of $1,532,933.64. Following the completion of the transaction, the chief executive officer owned 875,831 shares in the company, valued at approximately $18,339,901.14. This represents a 7.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 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 company insiders.

Trending Headlines about 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

Hedge funds have recently made changes to their positions in the business. Align Financial LLC acquired a new stake in shares of Fastly during the fourth quarter worth about $41,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Fastly during the fourth quarter worth approximately $54,000. Quarry LP purchased a new stake in shares of Fastly during the third quarter worth approximately $49,000. Advisors Asset Management Inc. acquired a new stake in shares of Fastly during the fourth quarter worth $83,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of Fastly during the first quarter worth $52,000. Institutional investors and hedge funds own 79.71% of the company's stock.

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.

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