Akamai reports Q2 adjusted EPS $1.73, consensus $1.53

Reports Q2 revenue $1.04B, consensus $1.02B. “Akamai (AKAM) reported excellent results in the second quarter, highlighted by outperformance in both revenue and profitability. Building on our solid momentum from the first two quarters, we are increasing our guidance for revenue and earnings for the remainder of the year, while continuing to invest in key growth areas of security and cloud computing. These investments are paying off – our Cloud Infrastructure Services grew 30% year-over-year – and we expect that rate to accelerate through the remainder of the year,” said Dr. Tom Leighton, Akamai’s Chief Executive Officer. “Looking ahead, we are entering an era where AI is driving decisions, shaping experiences and powering operations, providing a strong tailwind for Akamai as we help businesses maximize their AI investments by ensuring every AI interaction is intuitive, instant and secure.”