Akamai Technologies (AKAM) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Akamai Technologies published the results on November 5, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Akamai Technologies reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Since Q1 2026 Akamai reports revenue in three solution categories: security, delivery and other cloud applications, and cloud infrastructure services.
• Akamai reports in thousands; figures here are rounded to the nearest $0.1 million.
• Akamai acquired LayerX Security in July 2026 for $192.9 million in cash.

Source: Akamai Q3 2026 results, November 5, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Akamai Technologies splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Akamai Technologies's Security revenue was $622 million in Q3 2026, up 9% from $568 million in Q3 2025, 55% of total revenue.
• Akamai Technologies's Delivery and other cloud applications revenue was $391 million in Q3 2026, down 3% from $405 million in Q3 2025, 35% of total revenue.
• Akamai Technologies's Cloud infrastructure services revenue was $109 million in Q3 2026, up 34% from $81.2 million in Q3 2025, 10% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Akamai's guidance table puts Q4 2026 revenue at $1,145 million to $1,170 million and non-GAAP EPS at $1.50 to $1.70, and full-year 2026 revenue at $4,440 million to $4,465 million and non-GAAP EPS at $6.47 to $6.68.

In its Q3 2026 release, Akamai Technologies said:

“2027 cloud infrastructure services revenue projected to be $1.1 billion to $1.3 billion, with total company revenue growth of 17% to 22% year-over-year when adjusted for foreign exchange”

“2028 total company revenue projected to exceed $7.0 billion”

Source: Akamai Q3 2026 release, Nov 5, 2026.

This is the company's own guidance as of Nov 5, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the AKAM forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenue and diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for Akamai Technologies's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 5, 2026

Akamai Technologies reports revenue in three solution categories. Security is the largest: $621.9 million of the $1,122.0 million total in Q3 2026, up 9%. Delivery and other cloud applications was $391.3 million and fell 3%. Cloud infrastructure services, its compute business, was $108.8 million, up 34%. (Akamai Q3 2026 release, Nov 5, 2026)

Akamai's 10-Q attributes security growth to API security, web application and Guardicore segmentation products. Delivery revenue fell on downward pricing of contract renewals, and Akamai believes macroeconomic headwinds are pushing some delivery customers toward cost optimization, which reduced traffic on its network. (Akamai Form 10-Q, Q3 2026, Nov 6, 2026)

Akamai said it has signed more than $14 billion of multi-year cloud infrastructure services commitments so far in 2026. The 10-Q says those large arrangements begin earning revenue in the fourth quarter and accelerate in 2027, mainly in the U.S. Remaining performance obligations were $19.9 billion at September 30, 2026, about 35% of which Akamai expects to recognize over the next two years. (Akamai Q3 2026 release, Nov 5, 2026; Akamai Form 10-Q, Q3 2026, Nov 6, 2026)

Akamai's revenue splits about evenly by geography: U.S. revenue was $558.6 million, up 5%, and international $563.3 million, up 7% (9% at constant currency). Total revenue rose 6%, or 7% adjusted for foreign exchange. (Akamai Q3 2026 release, Nov 5, 2026)

Akamai's GAAP diluted EPS fell 21% to $0.77 and non-GAAP EPS fell 5% to $1.77. The gap between them is mostly stock-based compensation, $0.87 a share ($131.9 million), and amortization of acquired intangible assets, $0.17 a share, less a $0.24 tax effect. Non-GAAP operating margin was 25%, down 6 percentage points. (Akamai Q3 2026 release, Nov 5, 2026)

Akamai is spending heavily on cloud infrastructure capacity. Total capital expenditures were $464.1 million in Q3 2026, 41% of revenue, against $224.2 million (21%) a year earlier, and depreciation and amortization rose to $191.6 million. GAAP income from operations fell 35% to $108.7 million. In May 2026 Akamai issued $1,750.0 million each of convertible notes due 2030 and 2032, partly to fund that capex. (Akamai Q3 2026 release, Nov 5, 2026; Akamai Form 10-Q, Q3 2026, Nov 6, 2026)

Akamai did not repurchase shares in Q3 2026; it spent $616 million on 5 million shares earlier in the year at a weighted average price of $123.19. Diluted shares used for GAAP EPS rose to 151.2 million from 144.8 million. The GAAP effective tax rate was 15%. (Akamai Q3 2026 release, Nov 5, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Akamai guides revenue and non-GAAP EPS each quarter. For Q4 2026 it projects revenue of $1,145 million to $1,170 million, non-GAAP operating margin of 24% and non-GAAP EPS of $1.50 to $1.70, on 149 million shares. For full-year 2026 it projects revenue of $4,440 million to $4,465 million and non-GAAP EPS of $6.47 to $6.68. (Akamai Q3 2026 release, Nov 5, 2026)

Akamai also gave longer-range targets: cloud infrastructure services revenue of $1.1 billion to $1.3 billion in 2027, total revenue growth of 17% to 22% at constant currency in 2027, and total revenue above $7.0 billion in 2028. (Akamai Q3 2026 release, Nov 5, 2026)

A consensus figure is the average of the models published by the analysts who cover Akamai Technologies, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Akamai Technologies's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning AKAM is on is AKAM a buy or a sell?, what analysts expect next is on the AKAM forecast, and what the company does is on the Akamai Technologies (AKAM) stock page.

Every number on this page can be traced to a document Akamai Technologies published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.