Fastly provides edge cloud computing services that process data and run application logic at points near users to speed up online experiences. Its platform lets customers deploy code at the network edge with Edge Compute Language, manage features through APIs, and secure and accelerate content delivery. The company differentiates itself with a programmable edge, developer-focused tools, a global edge network, and a usage-based pricing model. Its goal is to help businesses deliver fast, secure web experiences by moving computing and content closer to end users.
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1,001-5,000
Company Stage
IPO
Headquarters
San Francisco, CA
Founded
2011
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Fastly beat Wall Street expectations in its third quarter, with revenue of $190.2 million against estimates of $187.9 million, up 20.2% year on year. Adjusted earnings per share were $0.17, versus the $0.12 analysts expected. Chief executive officer Kip Compton credited growth among its largest customers and faster adoption of security and AI-focused products. About 74% of large customers now use two or more product suites, and 34% use four or more, up from 30% last quarter. Fastly guided fourth-quarter revenue to $200 million at the midpoint, above the $197 million analysts expected. It raised full-year adjusted EPS guidance to $0.62. Analysts asked about the planned retirement of president Scott Lovett. Compton said both internal and external candidates are being considered. Shares trade at $15.53, down from $21.30 before the results.
Fastly Q3 revenue grows 20% to $190.2 million, net loss narrows to $11.3 million; Q4 guidance $198-202 million. Key points * Revenue rose 20% to $190.2 million; security revenue grew 32% to $44.7 million [[1]]. * GAAP net loss narrowed to $11.3 million, or $0.07 a share, and gross margin rose to 63.3% from 58.4% [[1]]. * Q4 revenue guidance is $198-202 million; full-year 2026 guidance is $744-748 million [[1]]. Fastly's revenue rose 20% to a record $190.2 million in the third quarter, and its GAAP net loss narrowed to $11.3 million, or $0.07 per share, from $29.5 million a year earlier [[1]]. GAAP gross margin widened to 63.3% from 58.4%, and non-GAAP operating income nearly tripled to $31.2 million [[1]]. Network services revenue grew 16% to $138.0 million, security revenue 32% to $44.7 million, and compute and observability revenue 37% to $7.4 million [[1]]. Free cash flow was $25.2 million, against $18.1 million a year earlier [[1]]. The top ten customers made up 39% of sales, up from 32% a year earlier [[1]]. Results. Fastly quarterly results ($ millions except per share) | / | Q3 2026 | Q2 2026 | Q3 2025 | | Revenue | 190.2 | 183.3 | 158.2 | | Gross margin | 63.3% | 63.3% | 58.4% | | Operating loss | (11.3) | (14.4) | (28.8) | | Net loss | (11.3) | (15.6) | (29.5) | | Diluted EPS | ($0.07) | ($0.10) | ($0.20) | | LTM net retention rate | 119% | 117% | 106% | | Remaining performance obligations | 333.5 | 340.9 | 268.0 | Sources: release [[1]], investor supplement for KPI history [[2]], prior quarters from MLQ's financials API [[3]]. Fastly's RPO slipped quarter on quarter but rose 24% year over year [[1]] [[2]]. More on Fastly's company page; for comparison, see MLQ's report on Cloudflare's third quarter. Outlook. Fastly guided fourth-quarter revenue to $198-202 million and non-GAAP operating income to $30-34 million; for 2026 it expects revenue of $744-748 million and non-GAAP EPS of $0.61-0.63 [[1]]. During the quarter it launched AI Runtime Control and AI Firewall products and signed a deal to run its software inside Comcast's network [[1]]. "Delivering record revenue and free cash flow demonstrates our value proposition as we help customers achieve critical business outcomes and build for AI scale," CEO Kip Compton said in the release [[1]]. Companies mentioned. At the intersection of AI, tech, and markets. The stories that matter, in one email. Free - unsubscribe anytime.
Calise Goh joins Fastly as Director of JAPAC Field Marketing. Last updated: November 6, 2026 9:58 am Calise Goh has joined Fastly as Director, JAPAC Field Marketing, taking on a regional marketing leadership role covering Japan and the Asia-Pacific region. In this position, Goh will contribute to Fastly's field marketing activities across JAPAC. The role is aligned with the company's broader regional go-to-market efforts, connecting marketing initiatives with sales priorities and supporting engagement with enterprise customers and partners. Fastly's field marketing function focuses on developing and executing regional campaigns, events, digital programmes and partner marketing initiatives. These activities are designed to strengthen the company's market presence, build customer relationships and support demand generation across different markets. The appointment comes as Fastly continues to develop its presence across Asia Pacific and Japan. The company provides an edge cloud platform covering content delivery, edge computing, application security and observability. Its technology enables organisations to deliver digital experiences while improving application performance and security. Regional marketing has an important role in translating global business priorities into programmes that reflect local market conditions. Across JAPAC, differences in customer requirements, enterprise technology adoption and partner ecosystems make regional coordination an important part of go-to-market execution. Goh's appointment adds to Fastly's regional marketing leadership as the company continues to engage businesses navigating cloud adoption, digital infrastructure requirements and application security challenges. The move also reflects the importance of field marketing in enterprise technology, where customer engagement, partner collaboration and targeted regional programmes remain key components of business development.
Fastly reported third-quarter revenue of $190.19 million, up 20.2% from a year earlier. That beat the Zacks Consensus Estimate of $188.28 million by 1.02%. Earnings per share were $0.17, against $0.07 a year ago and an estimate of $0.12, a surprise of 41.67%. Network Services revenue rose 16.2% to $138 million, above the $133.74 million estimate. Security revenue grew 31.5% to $44.7 million, but missed the $46.24 million estimate. Other revenue rose 37% to $7.4 million, below the $8.73 million estimate. Fastly had 634 enterprise customers, against an estimate of 630. Its shares fell 17.4% over the past month.
Fastly Q3 Adjusted EPS jumps 143% to $0.17 and revenue rises 20% to $190.2M, beating estimates. Revenue grew 20% and adjusted EPS rose 143% from a year earlier, and both came in above the top of the company's third-quarter guidance ranges. Fastly (FSLY) reported third-quarter 2026 revenue of $190.2 million, up 20% from a year earlier and above the $187.8 million estimate, while adjusted EPS rose 143% to $0.17, above the $0.12 estimate. Both results topped the high end of the company's guidance of $184 million to $190 million in revenue and $0.11 to $0.13 in adjusted EPS. Shares fell about 12% in after-hours trading. Revenue, up 20% vs. $187.8M estimate Adjusted EPS, up 143% vs. $0.12 estimate Revenue growth from $183.3M in Q2 2026 Q3 scorecard. | Parameters | Expected | Actual | Beat/Miss | | Adjusted EPS | $0.12 | $0.17 | Beat by 42% | | Revenue | $187.8M | $190.2M | Beat by 1.3% | | Change | YoY | QoQ | | Adjusted EPS | | 142.9% | | 13.3% | | Revenue | | 20.2% | | 3.8% | Adjusted EPS beat the estimate by 5 cents and revenue beat it by about $2.4 million. Third-quarter 2025 revenue was $158.2 million and adjusted EPS was $0.07. Second-quarter 2026 revenue was $183.3 million and adjusted EPS was $0.15. Results versus guidance. * Revenue. Fastly guided to $184 million to $190 million in its second-quarter report. Revenue of $190.2 million finished about $0.2 million above the high end. * Adjusted EPS. Guidance was $0.11 to $0.13. The $0.17 result was 4 cents above the high end. * Full-year outlook. Fastly's August outlook called for 2026 revenue of $732 million to $746 million and adjusted EPS of $0.50 to $0.54. Context from the second quarter. * Security. Security revenue grew 43% to $41.7 million in the second quarter. * Customer expansion. Net retention was 117% in the second quarter, up from 113% in the first quarter. * Cash flow. Free cash flow was $3.6 million in the second quarter, down from $10.9 million a year earlier, as capital spending rose to $35.8 million from $14.9 million. What to watch. * Outlook. Whether the full-year revenue range of $732 million to $746 million moves after a third quarter at the top of guidance. * Security and retention. Whether security growth and net retention stay near second-quarter levels of 43% and 117%. * Capital spending. How higher capital spending affects free cash flow after the second-quarter decline. * Related coverage. See its reports on Palantir, Lumen and MercadoLibre. Sources: Results are from Fastly's third-quarter 2026 report. Estimates are consensus figures. Guidance, second-quarter 2026 and third-quarter 2025 comparison figures are from the company's earlier releases. This article is informational only and is not investment advice.
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Industries
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
San Francisco, CA
Founded
2011
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs