Akamai Technologies secured more than $2.8 billion in multiyear cloud-infrastructure contracts during 2026, but the stock fell 5.5% on Friday as investors focused on weakening profitability. Revenue grew 5% year over year to $1.10 billion. Cloud infrastructure revenue surged 39% to $99 million, while security revenue rose 10% to $604 million. However, the legacy delivery and cloud-applications segment declined 6% to $396 million. GAAP operating income dropped 47% to $80 million, pushing operating margin down to 7%. The company spent $410 million on share buybacks at an average price of $134.54 per share, exceeding its $326 million quarterly operating cash flow. Management guided third-quarter revenue to $1.105 billion-$1.130 billion.

Akamai Technologies reported Q2 2026 revenue of $1.1 billion, up 5.4% year-over-year, exceeding the consensus estimate of $1.09 billion by 0.71%. EPS came in at $1.59, down from $1.73 in the prior-year quarter but beating the $1.58 estimate by 0.63%. Security revenue rose 9.5% to $604.44 million, whilst delivery and other cloud applications grew 23.7% to $395.93 million. However, cloud infrastructure services revenue fell 42.1% to $99.32 million. International revenue reached $549.26 million, up 6.5%, whilst US revenue increased 4.3% to $550.43 million. Shares have declined 3.4% over the past month. The company currently holds a Zacks Rank #3 (Hold).

Akamai Technologies has launched Akamai Workforce Protector, formerly known as LayerX, a security platform designed for the AI era. The solution secures employee interactions with AI, SaaS, web and private applications in real time, directly at the point of interaction. The platform offers several key capabilities. It provides real-time AI governance to discover "shadow AI" usage and enforce policies within browser sessions. It enables zero-disruption deployment without requiring users to switch browsers or organisations to redesign network architecture. The system also prevents data loss by stopping sensitive information from being uploaded to unauthorised AI models. Workforce Protector integrates with Akamai's existing security infrastructure, which already secures applications, APIs and infrastructure. The platform extends visibility into modern desktop AI applications and emerging AI workflows.