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20:30
May 07 ◎

AKAM FY2026 Q1 Watch

Akamai Technologies, Inc. (AKAM) FY2026 Q1 Earnings Call

AKAM OPENAI BYTEDANCE ANDURIL ANTHROPIC ▾

Ed McGowan

Management is highly bullish, citing a record $1.8 billion customer commitment that accelerates growth and justifies significant capital expenditure investments, guiding to double-digit revenue growth in 2027.

"Also, driven by today's announced $1.8 billion win, the $200 million four-year CIS deal we announced last quarter, and our rapidly accelerating pipeline, we now expect total company annual top-line revenue growth to reach double digits in"

AKAM WATCH

Dr. Tom Layton

Akamai collaborates with OpenAI on security/threat intelligence but does not count OpenAI as a revenue-generating customer.

"We partner with OpenAI on security vulnerabilities, helping define them and protecting our customers for the associated attacks. But OpenAI is not and has not been a customer of Akamai."

OPENAI WATCH

Dr. Tom Layton

Mentions OpenAI's Sora shutdown; not directly about ByteDance but Sora is a competitor to ByteDance's Doubao video model. Signal is indirect and weak.

"In March, we saw OpenAI, they confirmed they shut down their AI video generation system, Sora."

BYTEDANCE WATCH

Dr. Tom Layton

General statement about frontier model companies; hard to link to Anduril specifically, though Anduril is a frontier AI/defense company.

"We're proud to be one of the industry's must-have security providers partnering with the frontier model companies to help ensure the safe and rapid deployment of AI-enhanced defenses."

ANDURIL WATCH

Dr. Tom Layton

As a frontier model company, Anthropic is a potential security partner; signal is generic.

"We're proud to be one of the industry's must-have security providers partnering with the frontier model companies to help ensure the safe and rapid deployment of AI-enhanced defenses."

ANTHROPIC WATCH

Dr. Tom Layton

As a European frontier model company, Mistral AI could be a security partner; signal is generic.

"We're proud to be one of the industry's must-have security providers partnering with the frontier model companies to help ensure the safe and rapid deployment of AI-enhanced defenses."

MISTRAL WATCH

Dr. Tom Layton

Akamai's GPU pipeline exceeds existing inventory, potentially leading to additional GPU orders in H2 2026, which are not included in the current annual CapEx guide. — Indicates stronger-than-expected demand for AI inference compute, which could drive further orders for NVIDIA hardware.

"At GTC in March, we unveiled the industry's first global-scale implementation of NVIDIA's AI grid, and we announced the rollout of thousands of NVIDIA RTX Pro 6000 GPUs."

NVDA WATCH

HIGH

21:30
Feb 19 ◎

AKAM FY2025 Q4 Watch

Akamai Technologies, Inc. (AKAM) FY2025 Q4 Earnings Call

NTNX NET MSFT GOOGL AMZN ▾

Dr. Tom Layton

Akamai is winning compute deals against cloud competitors, potentially including Nutanix, based on performance and support.

"A very well-known antivirus software company chose Akamai's cloud for their VPN service telling us they liked our performance and support better than what they previously got from two of our cloud competitors."

NTNX WATCH

Dr. Tom Layton

Akamai is taking multiservice deals away from competitors, including potentially Cloudflare and other hyperscalers.

"A leading social networking platform that was using us on a pay-as-you-go basis committed to consolidate their multi-vendor stack onto Akamai's cloud platform, providing us with another takeaway from a hyperscaler."

NET WATCH

Dr. Tom Layton

Akamai is winning compute deals against hyperscalers like Microsoft by offering better performance and lower egress costs.

MSFT WATCH

Dr. Tom Layton

Akamai is winning compute deals against Google Cloud by providing a broader edge footprint and lower latency.

GOOGL WATCH

Dr. Tom Layton

Akamai is winning compute deals against Amazon Web Services for use cases where edge distribution matters.

AMZN WATCH

Tom Layton

Management is upbeat about the compute segment, expecting acceleration, and it has secured a significant four-year, $200M committed deal for AI inference.

"We anticipate that the very rapid growth rate for our cloud infrastructure services will accelerate further in 2026."

AKAM WATCH

Dr. Tom Layton

The first 20-city deployment of NVIDIA Blackwell GPUs for the Akamai Inference Cloud is already sold out before GA, and the company is deploying an order-of-magnitude more capacity in 2026 with a $250M capex investment. — This shows that edge-inference demand is robust and that NVIDIA GPUs are the gating factor, strengthening NVIDIA's position.

"Akamai Inference Cloud does just that by incorporating NVIDIA Blackwell GPUs into Akamai's distributed cloud infrastructure"

NVDA WATCH

Ed McGowan

Akamai is seeing a dramatic rise in the price of memory chips, which is forcing it to increase its 2026 capex forecast by ~$200M; this signals that memory costs are an industry-wide headwind that will hit all server makers and buyers. — This indicates that the memory pricing surge is affecting compute infrastructure costs across the industry, benefiting pure-play memory makers like Micron while pressuring the margins of data center operators.

"Specifically, we are seeing a dramatic increase in the price of memory chips, which is driving up the cost of servers. This supply constraint has necessitated an upward adjustment to our CapEx forecast of approximately $200 million for"

MU WATCH

HIGH

21:30
Nov 06 ◎

AKAM FY2025 Q3 Watch

Akamai Technologies, Inc. (AKAM) FY2025 Q3 Earnings Call

HLIT CRWD DAVID AKAM DELL ▾

Dr. Tom Leighton

Harmonic is an early customer of Akamai Inference Cloud, indicating adoption of edge AI for video content personalization and delivery.

"Another customer, Harmonic, whose technology helps to distribute video content for television and the Internet, said..."

HLIT WATCH

Dr. Tom Leighton

Suggests competitor security outages (potentially CrowdStrike) are driving customers to Akamai's more reliable platform, a positive for Akamai and negative for the competitor mentioned.

"And we see what happens with our competitors who don't make that investment. You know, and for example, in security companies that we compete with, where, you know, some of them, they're down for an hour every quarter."

CRWD WATCH

Dr. Tom Leighton

Monks is an early adopter of Akamai Inference Cloud, using it for real-time sports analytics, demonstrating the edge AI use case.

"One of our initial customers, Monk's, The European digital first marketing technology services and consulting company said..."

DAVID WATCH

Ed McGowan

Tone is optimistic, with management highlighting acceleration in CIS growth, strong demand for new AI Inference Cloud, and stable margins, pointing to a positive outlook for next year.

"There's a very good chance we could accelerate growth in our CIS business next year."

AKAM WATCH

Ed McGowan

Akamai's CIS revenue growth accelerated to 39% YoY from 30% last quarter, and management expects to potentially accelerate CIS growth further next year, indicating strong edge compute demand. — This signals robust demand for distributed edge computing, directly benefiting NVIDIA's GPU sales and server OEMs like Dell that supply capacity.

"There's a very good chance we could accelerate growth in our CIS business next year."

DELL WATCH

Dr. Tom Leighton

"Together, NVIDIA and Akamai are moving inference closer to users everywhere, delivering faster, more scalable generative AI, and unlocking the next generation of intelligent applications."

NVDA WATCH

Dr. Tom Leighton

Akamai now has all top 3 US cloud providers as customers. This is a strong validation of Akamai's distributed edge strategy, but represents a competitive threat to traditional centralized cloud providers. — This shows that even hyperscalers need to leverage edge providers for certain low-latency workloads, indicating a layered cloud architecture market.

"As a great proof point for the advantages offered by Akamai's uniquely distributed compute capabilities, the top three cloud providers in the U.S. are all now using Akamai Cloud Infrastructure Services."

AMZN WATCH MSFT WATCH GOOGL WATCH

HIGH

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