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Akamai (AKAM)
NASDAQ:AKAM
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.63Last Year’s EPS
1.64Same Quarter Last Year
Moderate Buy
Based on 17 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 0.00%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
Akamai reported strong growth in its security and cloud computing segments, with record-breaking revenue achievements in these areas. However, challenges such as the decline in delivery revenue and the impact of the largest customer's DIY strategy present ongoing concerns. While the company shows promising growth potential and strategic advancements, these challenges balance out the positives.Company Guidance
In the recent earnings call for Akamai Technologies, the company provided guidance indicating strong performance and future growth prospects. For the fourth quarter of 2024, Akamai reported revenue of $1.02 billion and non-GAAP earnings per share of $1.66, both exceeding expectations. Security became the largest revenue contributor, surpassing the $2 billion milestone with a 16% year-over-year growth. The cloud computing portfolio generated $630 million, growing 25% over 2023, with cloud infrastructure services reaching $230 million, up 32% from the previous year. Akamai's Guardicore platform and API security solution contributed significantly to this growth, ending the year with $247 million in annualized recurring revenue (ARR). The company aims to maintain a CAGR of 10% for security products over the next three to five years, projecting security revenue to exceed $3 billion by the decade's end. In 2025, Akamai expects its cloud infrastructure services to grow ARR by 40% to 45% and foresees overall cloud computing revenue growth of 15%. The company also anticipates stabilizing delivery revenue with a decline of about 10% this year and aims for double-digit revenue growth by the end of the decade. Despite challenges from its largest customer and foreign exchange fluctuations, Akamai remains optimistic about its future, targeting a return to non-GAAP EPS growth in 2026 and operating margins of over 30% in the long term.Record Revenue from Security Segment
Security revenue surpassed $2 billion for the first time in Akamai's history in 2024, growing at 16% year-over-year.
Cloud Computing Growth
Cloud computing portfolio recorded $630 million in revenue, growing 25% over 2023, with cloud infrastructure services growing 32%.
Strong ARR Growth in Key Areas
Guardicore platform ARR reached $190 million, up 31% year-over-year, and API security solution ARR grew to $57 million from just $1 million in 2023, surpassing growth goals.
Larger Enterprise Engagements
Approximately 300 enterprises spent at least $100,000 in ARR for cloud infrastructure services, with the total ARR for these services reaching $259 million, up 35% year-over-year.
Strategic Improvements and Partnerships
Akamai signed a $5.8 million contract with Petrobras and partnered with Deloitte, strengthening their market position.
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AKAM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AKAM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $98.03 | ― | ― |
| Nov 07, 2024 | $104.40 | $89.37 | -14.40% |
| Aug 08, 2024 | $91.57 | $101.51 | +10.86% |
| May 09, 2024 | $102.46 | $91.19 | -11.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Akamai (AKAM) report earnings?
Akamai (AKAM) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Akamai (AKAM) earnings time?
Akamai (AKAM) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AKAM EPS forecast?
AKAM EPS forecast for the fiscal quarter 2025 (Q1) is 1.63.
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