Akamai Technologies, the cybersecurity and cloud computing company, has reported financial results for the first quarter ended March 31, 2026.
“Akamai delivered a strong start to 2026, highlighted by a 40% year-over-year increase in Cloud Infrastructure Services (CIS) revenue and security growth of 11%,” said Dr. Tom Leighton, Akamai’s Chief Executive Officer. “And, today, we are very pleased to announce that a leading frontier model provider has committed to $1.8 billion over seven years for CIS, further validating our position as a key infrastructure provider in the AI economy. Our security portfolio is also uniquely positioned to benefit from the rapid evolution of AI, with our enterprise customers needing our security products and expertise more than ever before.”
Akamai delivered the following results for the first quarter ended March 31, 2026:
Revenue: Revenue was $1.074 billion, a 6% increase over first quarter 2025 revenue of $1.015 billion and a 4% increase when adjusted for foreign exchange.
Revenue by solution:
- Security revenue was $590 million, up 11% year-over-year and up 9% when adjusted for foreign exchange
- Delivery and other cloud applications revenue was $389 million, down 7% year-over-year and down 8% when adjusted for foreign exchange
- Cloud Infrastructure Services revenue was $95 million, up40% year-over-year and up 39% when adjusted for foreign exchange
Revenue by geography:
- U.S. revenue was $543 million, up 3% year-over-year
- International revenue was $530 million, up 9% year-over-year and up 5% when adjusted for foreign exchange
Income from operations: GAAP income from operations was $114 million, a 26% decrease from first quarter 2025. GAAP operating margin for the first quarter was 11%, down 4 percentage points from the same period last year.
Non-GAAP income from operations was $283 million, an 8% decrease from first quarter 2025. Non-GAAP operating margin for the first quarter was 26%, down 4 percentage points from the same period last year.
Net income: GAAP net income was $106 million, a 14% decrease from first quarter 2025. Non-GAAP net income was $239 million, down 7% from first quarter 2025.
EPS: GAAP net income per diluted share was $0.71, a 13% decrease from first quarter 2025 and a 14% decrease when adjusted for foreign exchange. Non-GAAP net income per diluted share was $1.61, a 5% decrease from first quarter 2025 and when adjusted for foreign exchange.
Adjusted EBITDA: Adjusted EBITDA was $427 million, a 3% decrease from first quarter 2025.
Supplemental cash information: Cash from operations for the first quarter of 2026 was $313 million, or 29% of revenue. Cash, cash equivalents and marketable securities was $1.733 billion as of March 31, 2026.
Share repurchases: The Company spent $206 million in the first quarter of 2026 to repurchase 2 million shares of common stock at a weighted average price of $105.47 per share. The Company had 146 million shares of common stock outstanding as of March 31, 2026.
