Akamai Technologies (AKAM) Q1 FY2026 earnings: revenue $1.1 billion, up 5.8% on the year

Akamai Technologies Inc. (AKAM) reported revenue of $1.1 billion for Q1 FY2026, the quarter ended 31 March 2026, up 5.8% on the same quarter a year earlier. Net income was $106 million, down 13.7% on the year, and diluted earnings per share $0.71. The figures are the company's own, from the 10-Q it filed with the SEC on 8 May 2026.

Revenue

$1.1 billion

+5.8% on the year · -1.9% on the quarter

Q2 FY2024Q1 FY2026

Operating margin

10.7%

15.2% a year earlier

Q2 FY2024Q1 FY2026

Net income

$106 million

-13.7% on the year · +25.0% on the quarter

Q2 FY2024Q1 FY2026

Diluted EPS

$0.71

-13.4% on the year · +22.4% on the quarter

Q2 FY2024Q1 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 lowered, 2 narrowed, 5 new, 1 kept.

Revenue rose 6% reported: Revenue was $1.074 billion, up 6% from first quarter 2025 and up 4% adjusted for foreign exchange.
GAAP EPS fell 13%: GAAP net income per diluted share was $0.71, down 13%. Non-GAAP net income per diluted share was $1.61, down 5% from first quarter 2025.
Cloud Infrastructure Services up 40%: Cloud Infrastructure Services revenue was $95 million, up 40% year-over-year, from $67.6 million a year earlier, after 45% growth in fourth quarter 2025.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Revenue	1,074	1,095	1,015	-1.9%	+5.8%
Cost of revenue	471	453	419	+4.2%	+12.5%
Gross profit	602	642	596	-6.2%	+1.0%
Gross margin	56.1%	58.7%	58.7%
Research and development	142	139	124	+1.5%	+14.6%
Operating income	114	94.9	155	+20.7%	-25.9%
Operating margin	10.7%	8.7%	15.2%
Interest expense	8.3	7.9	6.8	+4.6%	+22.3%
Pre-tax income	122	104	173	+17.4%	-29.6%
Income tax	15.7	18.8	50.2	-16.8%	-68.8%
Effective tax rate	12.9%	18.1%	29.0%
Net income	106	85.1	123	+25.0%	-13.7%
Net margin	9.9%	7.8%	12.1%
Diluted EPS	$0.71	$0.58	$0.82	+22.4%	-13.4%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Operating cash flow	313	367	251	-14.8%	+24.4%
Capital expenditure	102	132	118	-22.8%	-13.7%
Free cash flow	211	235	133	-10.2%	+58.0%
Free cash flow margin	19.6%	21.5%	13.1%
Cash from investing	-319	-366	877
Cash from financing	-292	-1.7	-552
Depreciation and amortisation	184	183	174	+0.7%	+5.6%
Share-based compensation	129	119	112	+7.9%	+14.9%
Buybacks	206	0.0	500		-58.8%
Diluted shares, weighted	150m	147m	151m	+2.1%	-0.7%
Shares outstanding at period end	146m	145m	146m	+0.6%	-0.4%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Shareholders' equity	4,909	4,977	4,585	-1.4%	+7.1%
Debt	4,108	4,105	3,548	+0.1%	+15.8%
Operating lease liabilities	1,391	1,233	808	+12.8%	+72.2%
Other liabilities	1,238	1,163	1,042	+6.4%	+18.8%
Total liabilities and equity	11,646	11,480	9,982	+1.4%	+16.7%
Fixed assets	n/a	2,333	n/a
Goodwill	3,203	3,207	3,157	-0.1%	+1.4%
Intangible assets	589	615	701	-4.1%	-15.9%
Investments	1,111	990	247	+12.2%	+349.3%
Cash and equivalents	622	930	1,097	-33.1%	-43.3%
Receivables	881	794	759	+11.0%	+16.0%
Other assets	5,239	2,612	4,020	+100.6%	+30.3%
Total assets	11,646	11,480	9,982	+1.4%	+16.7%

Questions

What was Akamai Technologies' revenue in Q1 FY2026?

Akamai Technologies (AKAM) reported revenue of $1.1 billion for Q1 FY2026, the quarter ended 31 March 2026, up 5.8% on the same quarter a year earlier.

How much did Akamai Technologies earn in Q1 FY2026?

Net income for Q1 FY2026 was $106 million, down 13.7% on the year, and diluted earnings per share $0.71.

When did Akamai Technologies report Q1 FY2026 results?

Akamai Technologies filed its 10-Q for the quarter ended 31 March 2026 with the SEC on 8 May 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021	Q1 FY2022 †	Q2 FY2022 †	Q3 FY2022 †	Q4 FY2022 †	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	905	904	903	882	928	916	936	965	995	987	980	1,005	1,020	1,015	1,043	1,055	1,095	1,074	1,100	1,122
Cost of revenue	325	333	347	346	358	361	373	383	393	395	403	409	414	419	427	430	453	471	486	505
Gross profit	580	571	557	535	570	554	562	582	602	592	577	596	606	596	617	625	642	602	614	617
Gross margin	64%	63%	62%	61%	61%	61%	60%	60%	60%	60%	59%	59%	59%	59%	59%	59%	59%	56%	56%	55%
R&D	93.2	99.9	92.1	94.0	105	91.9	99.0	106	109	117	113	120	120	124	126	125	139	142	149	141
Operating income	196	173	175	160	167	127	150	176	185	167	148	70.6	148	155	151	166	94.9	114	80.3	109
Operating margin	22%	19%	19%	18%	18%	14%	16%	18%	19%	17%	15%	7%	15%	15%	15%	16%	9%	11%	7%	10%
Interest expense	18.3	2.7	2.9	2.8	2.7	2.7	3.2	5.0	6.9	6.8	6.8	6.7	6.7	6.8	8.2	7.9	7.9	8.3	9.1	10.6
Pre-tax income	181	161	171	158	168	127	150	179	196	188	167	73.8	158	173	152	173	104	122	100	138
Tax rate	11%	12%	19%	22%	24%	23%	14%	11%	18%	7%	21%	22%	12%	29%	32%	19%	18%	13%	21%	15%
Net income	161	133	138	124	129	97.1	129	161	161	175	132	57.9	140	123	104	140	85.1	106	79.4	117
Net margin	18%	15%	15%	14%	14%	11%	14%	17%	16%	18%	13%	6%	14%	12%	10%	13%	8%	10%	7%	10%
Diluted EPS	$0.97	$0.82	$0.85	$0.78	$0.82	$0.62	$0.84	$1.04	$1.03	$1.11	$0.86	$0.38	$0.91	$0.82	$0.71	$0.97	$0.58	$0.71	$0.52	$0.77
Operating cash flow	387	222	341	369	341	233	366	359	389	352	431	393	344	251	459	442	367	313	326	433
Capital expenditure	63.8	51.0	74.2	50.8	65.2	142	112	134	70.4	93.8	91.0	113	92.9	118	146	113	132	102	145	515
Free cash flow	323	171	267	318	276	91.8	254	226	319	258	340	280	251	133	314	329	235	211	181	-81.9
Buybacks	271	103	165	163	178	349	137	113	54.9	125	128	166	138	500	300	0.0	0.0	206	410	0.0
Shares outstanding	161m	161m	159m	158m	156m	153m	152m	151m	151m	152m	152m	151m	150m	146m	143m	144m	145m	146m	144m	144m
Filing	10-K	10-K	10-K	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 31 March 2026, filed 8 May 2026: the filing.