Every material Form 8-K Akamai Technologies has filed with the SEC since May 08, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Akamai Technologies reported third quarter 2026 revenue of $1.1 billion, representing a 6% increase year-over-year. The company provided forward-looking revenue guidance, projecting 2027 total company revenue growth of 17% to 22% and 2028 total revenue to exceed $7.0 billion.
Third quarter revenue reached $1.1 billion, up 6% year-over-year.
Cloud Infrastructure Services revenue grew 34% year-over-year to $109 million.
GAAP net income per diluted share was $0.77, down 21% year-over-year.
Full-year 2027 total company revenue is projected to grow 17% to 22% year-over-year when adjusted for foreign exchange.
Akamai entered two project plans under its existing Anthropic master services agreement, under which Anthropic has committed to pay about $11.6 billion over initial seven-year terms, subject to termination rights and delivery requirements. Akamai also issued Anthropic a warrant for Series B preferred stock that would convert into up to about 7.7 million common shares, roughly 5% of shares outstanding, with about 2% expected to vest on the initial commitment. Akamai said the deal is not expected to affect its 2026 revenue guidance but will raise 2026 capital expenditures by about $1.7 billion, and the filing's total capital expenditure estimate for the commitment is about $5.5 billion.
Anthropic has committed to pay about $11.6 billion in aggregate under Project Plans 2 and 3, each with an initial seven-year term, dated September 18, 2026
Warrant for 387,051 shares of Series B Non-Voting Convertible Preferred Stock, each convertible into 20 common shares, for up to 7,741,020 common shares on an as-converted basis
Total capital expenditures tied to the $11.6 billion commitment are estimated at about $5.5 billion, with about $1.7 billion more in 2026 capital expenditures for supply chain components including memory
Akamai anticipates no impact to its 2026 revenue guidance
Akamai reported second-quarter 2026 revenue of $1.1 billion, up 5% from a year earlier, led by security and cloud infrastructure services growth. Profit fell: GAAP net income per diluted share was $0.52, down 27%, and non-GAAP net income per diluted share was $1.59, down 8%. The company also gave non-GAAP profit per share guidance of $1.60 to $1.80 for the third quarter and $6.40 to $7.05 for full-year 2026.
Revenue was $1.100 billion, up 5% year-over-year; security revenue was $604 million, up 10%, and cloud infrastructure services revenue was $99 million, up 39%.
GAAP net income per diluted share was $0.52, down 27%; non-GAAP net income per diluted share was $1.59, down 8%.
Full-year 2026 guidance: revenue of $4.445 billion to $4.530 billion and non-GAAP net income per diluted share of $6.40 to $7.05.
In the second quarter, Akamai spent $410 million to repurchase 3 million shares at a weighted average price of $134.54.
Akamai said it plans to offer $1.3 billion of 2030 convertible notes and $1.3 billion of 2032 convertible notes to qualified institutional buyers, subject to market conditions. The same day, it amended its credit agreement to raise the maximum consolidated leverage ratio covenant to 4.75:1.00 for the four quarters ending June 30, 2026 and September 30, 2026. Shareholders could face potential dilution, and the company plans to use part of the proceeds for capital expenditures at its Cloud Infrastructure Services business.
Proposed offering: $1.3 billion of 0% convertible senior notes due May 15, 2030 and $1.3 billion due May 15, 2032, with initial purchasers able to buy up to an additional $200.0 million of each series
Credit agreement Amendment No. 3 with JPMorgan Chase Bank, N.A. as agent raises the maximum leverage ratio covenant to 4.75:1.00 for quarters ending June 30 and September 30, 2026
About $350 million of proceeds is planned for share repurchases from note purchasers, with the remaining proceeds for accelerated capital expenditures at the Cloud Infrastructure Services business and general corporate purposes
Offering terms, including conversion rate and offering price, will be set at pricing and the offering is not assured
At its May 13, 2026 annual meeting, Akamai stockholders elected nine directors, approved an 8,000,000-share increase to the stock incentive plan, approved the 2026 Employee Stock Purchase Plan, and approved a charter amendment letting holders of at least 25% of shares call a special meeting. The charter and new bylaws took effect on May 13, 2026, upon filing in Delaware, which gives large holders a new way to request a special meeting. A shareholder proposal on political spending was not approved.
Stockholders holding at least 25% of outstanding shares may request a special meeting; the charter and new bylaws took effect May 13, 2026.
Incentive plan amendment passed with 66,180,915 for and 47,672,263 against, plus 8,816,773 broker non-votes.
Nine directors were elected to terms expiring at the 2027 annual meeting.
Shareholder proposal on political spending was not approved: 51,672,517 for and 61,327,122 against.
Akamai reported first quarter 2026 revenue of $1.074 billion, up 6% year over year, led by 40% growth in Cloud Infrastructure Services. Profit declined, with GAAP net income per diluted share at $0.71, down 13%, and non-GAAP net income per diluted share at $1.61, down 5%. The company also announced that a frontier model provider committed $1.8 billion over seven years for Cloud Infrastructure Services, and it issued second quarter and full-year 2026 guidance.
Q1 2026 revenue was $1.074 billion, up 6%; Security revenue was $590 million, up 11%
GAAP income from operations fell 26% to $114 million; non-GAAP income from operations fell 8% to $283 million
Q2 2026 revenue guidance is $1.075 billion to $1.100 billion; full-year 2026 revenue guidance is $4.445 billion to $4.550 billion
Non-GAAP EPS guidance is $1.45 to $1.65 for Q2 and $6.40 to $7.15 for full-year 2026
Akamai reported fourth-quarter and full-year 2025 results on February 19, 2026. Revenue rose 7% in the quarter and non-GAAP net income per diluted share rose 11%, but GAAP net income per diluted share fell 36% after a $55 million restructuring charge tied mainly to severance and intangible asset impairments. The company guided 2026 revenue to $4.400 billion to $4.550 billion, compared with $4.208 billion in 2025.
Q4 2025 revenue was $1.095 billion, up 7% year-over-year; Security revenue was $592 million, up 11%.
Q4 GAAP net income per diluted share was $0.58, down 36%; non-GAAP net income per diluted share was $1.84, up 11%.
The company recorded a $55 million restructuring charge in Q4 2025, primarily severance and intangible asset impairments.
2026 guidance: revenue of $4.400 billion to $4.550 billion and non-GAAP net income per diluted share of $6.20 to $7.20, versus $7.12 in 2025.
On February 11, 2026, Akamai's Talent, Leadership & Compensation Committee adopted 2026 bonus and equity programs for CEO F. Thomson Leighton, CFO Edward McGowan and three other named executives. Bonuses are paid in vested common stock, with 50% tied to a fiscal 2026 revenue target and 50% to an adjusted operating income target. The filing gives targets and formulas but no actual results, so the eventual payouts depend on future performance.
Bonus payouts depend on fiscal 2026 revenue and adjusted operating income targets, each weighted 50%, with an ESG modifier of up to plus or minus 10%.
Leighton's 2026 base salary is $1.00, with a target bonus of $1,500,000 and a maximum of $3,300,000.
RSU grants are scheduled for March 2, 2026, including $7,250,000 in annual-vesting RSUs for Leighton and performance-based RSUs tied to revenue, non-GAAP EPS and relative total shareholder return.
Akamai reported third quarter 2025 revenue of $1.055 billion, up 5% year-over-year, and GAAP net income per diluted share of $0.97, up 155% from a year earlier when results included an $82 million restructuring charge. The company also gave fourth quarter 2025 revenue guidance of $1.065 billion to $1.085 billion and full-year 2025 revenue guidance of $4.178 billion to $4.198 billion, with non-GAAP net income per diluted share of $6.93 to $7.13 for the year.
Revenue was $1.055 billion, up 5% year-over-year and up 4% when adjusted for foreign exchange.
GAAP net income per diluted share was $0.97, compared with $0.38 in the third quarter of 2024; non-GAAP net income per diluted share was $1.86, up 17%.
Fourth quarter 2025 guidance: revenue of $1.065 billion to $1.085 billion and non-GAAP net income per diluted share of $1.65 to $1.85.
Akamai did not repurchase shares in the third quarter of 2025, but spent $800 million on buybacks during the first nine months of 2025.
Akamai reported second-quarter 2025 revenue of $1.043 billion, up 7% year over year, and non-GAAP earnings of $1.73 per diluted share, up 9%. CEO Tom Leighton said the company is increasing its revenue and earnings guidance for the rest of 2025, with full-year revenue now projected at $4.135 billion to $4.205 billion. GAAP net income fell 21% to $104 million, so shareholders should weigh the gap between GAAP and non-GAAP results.
Q2 2025 revenue was $1.043 billion, up 7% year over year; Cloud Infrastructure Services revenue was $71 million, up 30%.
Non-GAAP net income per diluted share was $1.73, up 9%; GAAP net income per diluted share was $0.71, down 17%.
Full-year 2025 revenue guidance is $4.135 billion to $4.205 billion; non-GAAP EPS guidance is $6.60 to $6.80.
Akamai repurchased 3.9 million shares for $300 million in the second quarter, at an average price of $77.51.
Akamai Technologies appointed two new directors, Janaki Akella and Bas Burger, effective July 7, 2025, to fill two board vacancies. The filing describes board service and committee roles but gives no financial results or guidance changes, so the event is administrative for shareholders.
Janaki Akella and Bas Burger were elected effective July 7, 2025, to fill two Board vacancies, serving until the 2026 Annual Meeting of Stockholders.
Akella joins the Audit and Finance Committees; Burger joins the Talent, Leadership and Compensation Committee and the Environmental, Social and Governance Committee.
Both will receive director compensation under the existing Non-Employee Director Compensation Plan, prorated for their start date.
Akamai completed a private offering of $1.725 billion in 0.25% convertible senior notes due May 15, 2033, including $225.0 million from the initial purchasers' option. The company used part of the proceeds for convertible note hedge and warrant transactions and to repurchase 3,870,468 shares of its common stock at $77.51 per share, with the rest earmarked to repay revolver borrowings and part of its 2027 convertible notes.
Notes total $1.725 billion principal, with a conversion price of about $93.01 per share, a premium of about 20% to the $77.51 closing price on May 14, 2025
About $300.0 million of proceeds used to repurchase 3,870,468 common shares at $77.51 per share
About $275.0 million used for note hedge costs, partly offset by warrant sale proceeds; about $250.0 million of revolver borrowings to be repaid
Notes mature May 15, 2033; holders may require repurchase on May 15, 2031 if the stock trades below the conversion price
At its May 14, 2025 annual meeting, Akamai stockholders approved an 8,000,000-share increase to the stock incentive plan and amendments removing supermajority voting requirements from the certificate of incorporation, effective on filing in Delaware that day. Stockholders also elected all nine director nominees, approved an advisory vote on executive pay, and ratified PricewaterhouseCoopers LLP as auditor for 2025, so the changes alter how shareholders can act on future matters.
Stock incentive plan amendment added 8,000,000 shares for grant; approved with 67,523,191 for and 46,618,828 against
Supermajority requirements in Articles Tenth, Eleventh and Twelfth were eliminated; the amendments took effect May 14, 2025
Advisory executive pay proposal approved with 99,157,714 for and 14,471,582 against
Two proposals to let shareholders call special meetings were reported as approved, with 59,520,777 and 58,453,104 votes for
Akamai signed an amendment on May 12, 2025 that raises its revolving credit commitments from $500.0 million to $1.0 billion and extends the maturity to November 22, 2028. On May 13, 2025, it announced a proposed private offering of $1.35 billion in convertible senior notes due 2033, with proceeds partly earmarked for repaying borrowings and repurchasing shares, which may affect shareholders through potential dilution and share repurchases.
Revolving commitments increased from $500.0 million to $1.0 billion; maturity extended from November 22, 2027 to November 22, 2028
Proposed offering of $1.35 billion convertible senior notes due May 15, 2033, with an option for up to an additional $202.5 million
About $275.0 million of proceeds planned for share repurchases from note purchasers; about $250.0 million for repaying revolver borrowings
The offering is subject to market conditions and terms, which will be set at pricing; no assurance it will be completed
Akamai reported first-quarter 2025 revenue of $1.015 billion, up 3% from a year earlier, while GAAP net income per diluted share fell 26% to $0.82. The company gave second-quarter revenue guidance of $1.012 billion to $1.032 billion and full-year 2025 revenue guidance of $4.050 billion to $4.200 billion, and it spent $500 million repurchasing 6.2 million shares.
Revenue was $1.015 billion, up 3% from $987 million; security revenue rose 8% to $531 million while delivery revenue fell 9%.
GAAP net income per diluted share was $0.82, down 26%; non-GAAP net income per diluted share was $1.70, up 4%.
Full-year 2025 guidance: revenue of $4.050 billion to $4.200 billion and non-GAAP net income per diluted share of $6.10 to $6.40.
Akamai repurchased 6.2 million shares for $500 million in the first quarter at an average price of $81.19.
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