Fastly raises 2026 revenue and EPS guidance on strong Q1 growth and strategic AI investments

Fastly (FSLY) reported strong Q1 2026 results with revenue up 20% year-over-year to $173 million and security revenue rising 47%. The company’s net retention rate was 113%, and remaining performance obligations increased 63% to $369 million. Management raised its 2026 revenue guidance to $710–$725 million and increased EPS guidance by 15%, signaling confidence in a durable growth trajectory. While capital expenditures are expected to be 10–12% of revenue, this is seen as a strategic investment to support future AI-driven edge computing and security demand.