Fastly shares jump 21% on strong Q2 results and raised full-year outlook, hitting highest levels since early 2024.

Fastly's stock surged 21% to $27.69 following a delayed market reaction to its strong Q2 2026 earnings report, which beat revenue and EPS estimates. The company reported $183.3 million in revenue, up 23.3% year-over-year, and raised its full-year revenue and EPS guidance. Analysts from Evercore ISI and KeyBanc boosted price targets, contributing to the rally amid a broader AI-cloud sector rebound. Investors will watch if Fastly can sustain gains and how upcoming earnings from AI-cloud peer CoreWeave impact sentiment.