Cloud technology company Akamai Technologies (NASDAQ:AKAM) met Wall Street's revenue expectations in Q3 2026, with sales up 6.4% year on year to $1.12 billion. On the other hand, next quarter's revenue guidance of $1.16 billion was less impressive, coming in 3.5% below analysts' estimates. Its non-GAAP profit of $1.77 per share was 5.8% above analysts' consensus estimates.
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Akamai (AKAM) Q3 2026 highlights:
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Revenue $1.12 billion vs S&P analysts' estimates of $1.12 billion (6.4% year-on-year growth, in line)
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Adjusted EPS $1.77 vs S&P analysts' estimates of $1.67 (5.8% beat)
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Adjusted EBITDA $435.3 million vs analyst estimates of $433.6 million (38.8% margin, in line)
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Revenue guidance $1.16 billion at the midpoint for Q4 2026, below analyst estimates of $1.2 billion
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Adjusted EPS guidance Management lowered its full-year adjusted EPS guidance to $6.57 at the midpoint, a 2.2% decrease
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Operating margin 9.7%, down from 15.7% in the same quarter last year
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Billings $1.12 billion at quarter end, up 7.8% year on year
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Market capitalization $11.19 billion
StockStory's take
Akamai's latest quarter refle...