Akamai Technologies forecasts quarterly results below expectations

Published: 2026-05-07 16:03:32 ET AKAM

Published on 05/07/2026 at 04:03 pm EDT - Modified on 05/07/2026 at 04:04 pm EDT

May 7 (Reuters) - Akamai Technologies forecast second-quarter profit and revenue below Wall Street expectations on Thursday, as the company navigates a challenging macroeconomic environment marked by high memory costs and cautious enterprise spending.

A sharp rise in the cost of memory infrastructure has rippled across the technology industry, as enterprises such as Akamai prepare to spend more to secure the crucial hardware.

Investors have also been concerned about the impact of new agentic security tools from companies such as Anthropic on traditional security technology.

o The company forecast second-quarter revenue of between $1.08 billion and $1.10 billion, compared with estimates of $1.10 billion, according to data compiled by LSEG.

o It expects second-quarter adjusted profit of $1.45 to $1.65 per share, while analysts expect $1.68 per share.

o Revenue for the first quarter came in at $1.07 billion, in line with Wall Street expectations.

o It reported profit per share of 71 cents, compared with 82 cents per share a year ago.

(Reporting by Zaheer Kachwala in Bengaluru; Editing by Tasim Zahid)