Fastly, Inc (FSLY)
NASDAQ:FSLY
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.07Last Year’s EPS
-0.03Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum: healthy top-line growth (20% Y/Y) with notable acceleration in security (47% Y/Y) and compute (67% Y/Y), record gross margins and a return to profitability and positive cash flow. Customer metrics (RPO, NRR, large customer growth) and product wins reinforce durable demand and successful portfolio expansion. Headwinds include network services price erosion, front-loaded infrastructure CapEx (10%–12% of revenue guidance), supply‑chain/memory price pressure, and a modest decline in free cash flow and cash balance in the quarter. Management provided constructive forward guidance and emphasized security/compute as growth engines, so on balance the positive operational and financial developments outweigh the near-term capital and pricing challenges.Company Guidance
Revenue Growth and Guidance Raise
Q1 revenue of $173.0M, up 20% year-over-year and at the high end of guidance. Company raised FY2026 revenue guidance to $710M–$725M, implying ~15% Y/Y growth at the midpoint.
Security Momentum
Security revenue grew 47% year-over-year to $38.8M and represented a record 22% of total revenue. Management expects security (plus other) to drive more than half of incremental revenue and to exceed a $200M annual run rate by late 2026.
Compute (Other) Acceleration
Other revenue (primarily compute) was $8.0M, up 67% year-over-year and delivered the largest quarter‑over‑quarter dollar step-up in this category, reflecting early traction on AI/edge compute use cases.
Network Services Growth
Network Services revenue was $126.2M, up 11% year-over-year (about double the market growth rate per management) and management expects Network Services growth in the roughly 9%–11% range for the year.
Customer Expansion and Retention
Trailing-12-month net retention rate improved to 113% (from 110 last quarter and 100 a year ago). Large customer count (>$100k ARR) was 634. Top-10 customers represented 34% of revenue and grew 25% year-over-year; revenue outside top 10 grew 17%.
Record Margins and Profitability Improvements
GAAP-adjusted gross margin reached a record 65.1% (up 780 bps Y/Y), operating margin expanded to +11% (up ~1,500 bps Y/Y), operating income $19.1M (above guidance), adjusted EBITDA $29.5M (17% of revenue) vs $7.8M (5%) prior year, and net income of $22.9M ($0.13/sh) vs a loss a year ago.
Stronger Contract Visibility and RPO
Record remaining performance obligations (RPO) of $369M, up 63% year-over-year; current portion (next 12 months) was 75% of total and grew 77% year-over-year, reflecting larger upfront commitments and improved go-to-market discipline.
Cash Flow and Liquidity
Operating cash flow was positive $28.9M (vs $17.3M prior year) and company ended the quarter with ~$330M in cash, equivalents and marketable securities while maintaining positive free cash flow guidance for 2026 ($40M–$50M).
Product & GTM Execution
Multiple 7-figure and multimillion-dollar ARR customer wins across platform (network, security, compute), product launches (ContentGuard, API Discovery & Inventory, Agent Toolkit), and strategic hires (new CMO) supporting commercialization and AI narrative.
FSLY Earnings History
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 |
|---|---|---|---|
May 06, 2026 | $31.57 | $19.50 | -38.23% |
Feb 11, 2026 | $9.31 | $16.04 | +72.29% |
Nov 05, 2025 | $8.07 | $10.97 | +35.94% |
Aug 06, 2025 | $6.52 | $7.46 | +14.42% |
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.
FAQ
When does Fastly, Inc (FSLY) report earnings?
Fastly, Inc (FSLY) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Fastly, Inc (FSLY) earnings time?
Fastly, Inc (FSLY) earnings time is at Aug 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FSLY EPS forecast?
FSLY EPS forecast for the fiscal quarter 2026 (Q2) is 0.07.
