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Home/News Feed/Akamai posts 5% revenue growth but profit falls amid heavy cloud investments, HSBC downgrades to Hold.
AKAM
$117.72
+$7.18 +6.50%

Akamai posts 5% revenue growth but profit falls amid heavy cloud investments, HSBC downgrades to Hold.

Company Fundamentals
10 Aug 2026
Rayan Ahmad
View Source
Neutral
pluang ai news

Akamai Technologies reported a 5% increase in revenue to $1.1 billion for Q2 2026, driven by strong demand for AI and cybersecurity services. However, GAAP net income dropped to $79.4 million from $103.6 million due to significant investments in cloud infrastructure and rising operating costs. HSBC set a new price target of $123 but downgraded the stock to a Hold rating, reflecting cautious optimism. Akamai expects full-year 2026 revenues between $4.45 billion and $4.53 billion, with adjusted EPS projected between $6.40 and $7.05.

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Akamai reports Q2 results near expectations with mixed revenue trends and margin pressure from CIS investments

Akamai reports Q2 results near expectations with mixed revenue trends and margin pressure from CIS investments

Akamai Technologies reported Q2 results on August 6, showing revenue growth that met Wall Street expectations. The company experienced slowing delivery revenues but saw accelerating growth in its Cloud Intelligence Services (CIS) segment. Margin pres...

Company Fundamentals
Neutral
3 days ago
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