Key Highlights

● Second-quarter Revenue was $1.10 billion, up 5%, with security revenue up 10% to $604 million.

● Cloud Infrastructure Services revenue rose 39% to $99 million; multi-year contracts exceed $2.8 billion.

● Non-GAAP Operating Income fell 12% to $271 million, a 25% margin.

● Third-quarter revenue guidance is $1,105 million to $1,130 million; results arrive 5 November.

The latest verified development

Akamai Technologies, Inc. (NASDAQ:AKAM) announced on 8 October 2026 that it will hold its third-quarter investor call on Thursday 5 November at 4.30pm Eastern Time, when results and possible forward guidance will be discussed. The second-quarter report published on 6 August 2026 and the guidance that accompanied it set out the latest operating picture.

Revenue mix and index membership

Geographically, the United States contributed $550 million of second-quarter revenue and international markets $549 million. The company is a long-standing member of the S&P 500.

Second-quarter results

For the quarter ended 30 June 2026, Akamai reported revenue of $1.10 billion, up 5%. Security revenue was $604 million, up 10%. Delivery and other cloud applications fell 6% to $396 million, while Cloud Infrastructure Services (CIS) rose 39% to $99 million.

Profitability weakened. GAAP operating income was $80 million, a 7% Margin and 47% lower than a year earlier. Non-GAAP operating income was $271 million, a 25% margin and down 12%. GAAP Diluted Earnings per Share were $0.52, down 27%, and non-GAAP diluted earnings per share were $1.59, down 8%. Adjusted EBITDA was $416 million, a 38% margin and 6% lower. Operating Cash Flow was $326 million, or 30% of revenue, and cash and marketable securities stood at $4.6 billion.

Cloud ambitions and funding

Management is positioning CIS as an artificial intelligence infrastructure business. The company said it had signed multi-year CIS contracts worth more than $2.8 billion so far this year in total, including a commitment above $600 million over four years from a new United States technology customer supporting robotics development. Chief executive Tom Leighton said the wins validate Akamai's position as a key AI infrastructure provider.

Funding followed. In May, Akamai proposed a $2.6 billion private offering of 0% convertible senior notes due 2030 and 2032, with proceeds directed mainly to cloud Capital spending, convertible note hedges and a planned $350 million private share repurchase. Akamai also repurchased $410 million of stock in the second quarter, at an average price of $134.54.

Guidance and the 5 November report

Akamai guided to third-quarter revenue of $1,105 million to $1,130 million, a non-GAAP Operating Margin of 24% to 26% and non-GAAP earnings per share of $1.60 to $1.80. For the full year it expects revenue of $4,445 million to $4,530 million and non-GAAP earnings per share of $6.40 to $7.05. Those are company guidance figures.

The 5 November report will show whether CIS growth is translating into margins as capital spending rises, and whether the legacy delivery decline is stabilising. Security revenue, the largest segment, remains the steadier part of the mix, growing 10% in the latest reported quarter, so any change in that rate will also be closely read. Any update on Buybacks and on the $4.6 billion cash position, set against the convertible notes raised earlier this year, is another item on the agenda.