Web content delivery and security company Akamai (NASDAQ:AKAM) will be reporting earnings this Thursday after market close. Here’s what to expect.
Akamai met analysts’ revenue expectations last quarter, reporting revenues of $1.02 billion, up 2.9% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and EPS guidance for next quarter topping analysts’ expectations.
Is Akamai a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Akamai’s revenue to grow 4.2% year on year to $1.02 billion, in line with the 4.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.53 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Akamai has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Akamai’s peers in the software development segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Cloudflare delivered year-on-year revenue growth of 27.8%, beating analysts’ expectations by 2.3%, and F5 reported revenues up 12.2%, topping estimates by 3.6%. Cloudflare traded down 3.5% following the results while F5 was up 4.6%.
Read our full analysis of Cloudflare’s results here and F5’s results here.
Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the software development stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.4% on average over the last month. Akamai is down 6.5% during the same time and is heading into earnings with an average analyst price target of $98.52 (compared to the current share price of $73.90).
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