Akamai Reports Q3 2026 Results Driven by Cloud Infrastructure Growth and Anthropic Partnership
Akamai (AKAM) reported third-quarter 2026 revenue of $1.1 billion, a 6% year-over-year increase driven primarily by strong momentum in security and cloud infrastructure services. While security revenue rose 9%, the company saw a 3% decline in delivery and other cloud applications as it shifts focus toward higher-value segments. Non-GAAP EPS fell 5% to $1.77 due to heavy investments in infrastructure build-outs. The company's strategic pivot is highlighted by its massive cloud infrastructure commitments, totaling $14 billion year-to-date, including a landmark $11.6 billion deal with Anthropic. Despite short-term headwinds from supply chain and data center constraints causing a $30 million revenue shift to 2027, Akamai provided aggressive long-term guidance, targeting over $7 billion in total revenue by 2028.
Topics: AI workloads cloud infrastructure financial guidance revenue growth security services