The earnings call reflects a positive sentiment with notable achievements in revenue growth, security revenue, and improved margins. The company demonstrated strong cash flow and increased revenue guidance. Despite the CFO transition and reported net loss, the positive highlights significantly outweigh the lowlights.

Company Guidance -

Q3 2025

In the Fastly Second Quarter 2025 Earnings Conference Call, the company reported a revenue of $148.7 million, which exceeded their guidance range and represented a 12% year-over-year growth, up from 8% in the first quarter. Security revenue reached a record high, comprising 20% of total revenue with a 15% year-over-year growth. The gross margin was 59%, a 170 basis point increase quarter-over-quarter, driven by improved network efficiency and favorable pricing, which they expect to continue. Fastly achieved an operating loss of $4.6 million, better than the expected midpoint of a $6 million loss, with operating expenses up just 2% year-over-year. Cash flow from operations was $26 million, or 17% of revenue. The company raised its full-year 2025 revenue guidance by $8 million and improved its operating loss guidance by $3 million at their respective midpoints. Additionally, Fastly reported a record RPO of $315 million, a 41% year-over-year increase, and an enterprise customer count increase of 27% from the previous quarter.

Revenue Growth and Record Security Revenue

Q2 revenue was $148.7 million, representing a 12% year-over-year growth. Security revenue reached a record high, accounting for 20% of total revenue with a 15% year-over-year growth.

Improved Gross Margin and Operating Leverage

The gross margin improved by 170 basis points quarter-over-quarter to 59%. Operating loss was reduced to $4.6 million, outperforming the guidance midpoint.

Strong Cash Flow and Raised Revenue Guidance

Cash flow from operations was $26 million, or 17% of revenue. The company raised its 2025 revenue guidance by $8 million and operating loss guidance by $3 million at their respective midpoints.

Growth in Customer Base and Diversification

Total customer count was 3,097, and enterprise customer count increased by 27% from last quarter. Revenue from customers outside the top 10 grew 17% year-over-year, marking the fifth consecutive quarter of faster growth outside the top 10.

Significant Increase in RPO

Record RPO of $315 million, growing 41% year-over-year, reflecting success in increasing revenue commitments.

Fastly (FSLY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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FSLY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	>-0.01 / -	0.02	―	―	―
Aug 06, 2025	2025 (Q2)	-0.05 / -0.03	-0.07	57.14% (+0.04)	―
May 07, 2025	2025 (Q1)	-0.07 / -0.05	-0.05	0.00% (0.00)	―
Feb 12, 2025	2024 (Q4)	>-0.01 / -0.03	0.01	-400.00% (-0.04)	―
Nov 06, 2024	2024 (Q3)	-0.06 / 0.02	-0.06	133.33% (+0.08)	―
Aug 07, 2024	2024 (Q2)	-0.08 / -0.07	-0.04	-75.00% (-0.03)	―
May 01, 2024	2024 (Q1)	-0.06 / -0.05	-0.09	44.44% (+0.04)	―
Feb 14, 2024	2023 (Q4)	-0.03 / 0.01	-0.08	112.50% (+0.09)	―
Nov 01, 2023	2023 (Q3)	-0.07 / -0.06	-0.14	57.14% (+0.08)	―
Aug 02, 2023	2023 (Q2)	-0.10 / -0.04	-0.23	82.61% (+0.19)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

FSLY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$6.52	$7.46	+14.42%
May 07, 2025	$6.03	$7.62	+26.37%
Feb 12, 2025	$10.07	$7.97	-20.85%
Nov 06, 2024	$8.16	$8.17	+0.12%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.