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LENEXA, Kan.--(BUSINESS WIRE)--FireMon, the founder of Network Security Policy Management (NSPM) and the control plane for network security policy, today announced an integration with Akamai Guardicore Segmentation that extends FireMon's policy control plane for microsegmentation. Organizations that have already governed firewall policy across their hybrid environment can now bring that same governance, normalization, and audit rigor to Akamai Guardicore segmentation policy as they scale zero t.

Akamai stock is upgraded to a bullish buy rating after shares tumbled last week on fears about the company's big deal with Anthropic.

CAMBRIDGE, Mass., Oct. 15, 2026 (GLOBE NEWSWIRE) -- Akamai (Nasdaq: AKAM) today announced a new wave of customer adoption for its Akamai Cloud Computing services. Leading software, digital media, and technology organizations are expanding their reliance on Akamai Cloud, driven by growing enterprise demand for high-performance CPU-based compute, specialized GPU capacity, and resilient storage.

“As AI and data-heavy applications mature, the underlying infrastructure supporting them must evolve,”

This customer momentum reflects enterprise demand across critical technical requirements: from model training through low-latency inference, core-to-edge application hosting, and cloud disaster recovery, allowing organizations to optimize infrastructure performance, span workloads seamlessly, and control spending.

Key Highlights of Customer Momentum:

Enterprise & AI Workloads Lead Growth: Software and SaaS companies represented the overwhelming majority of new customers, underscoring Akamai's strength as a trusted partner for software providers.Demand for Next-Gen GPU Infrastructure: Adoption of specialized accelerated compute, driven by customer wins for Akamai's NVIDIA RTX PRO™ 6000 Blackwell Server Edition GPU instances for AI and compute-heavy workloads.Global Market Expansion: Akamai expanded its customer base across international markets, with Asia-Pacific & Japan (APJ) and EMEA accounting for most new customer additions.Diversified Sector Adoption: Beyond software, Akamai gained traction in high-bandwidth industries, adding notable new customer logos across business services, digital media, and streaming. Representative Customer Wins & Workload Profile:

Next-Gen AI & Pilot GPU Deployments: A leading North American technology innovator is deploying Akamai’s NVIDIA RTX PRO™ 6000 Blackwell Server Edition GPU infrastructure for high-performance AI model testing and specialized compute piloting.Asia-Pacific Cloud & Disaster Recovery: An Asia-Pacific logistics technology provider serving global supply chains is migrating its AI-driven warehouse tracking and automation workloads to Akamai Cloud. By displacing multiple legacy cloud providers, the company is securing the stable, cost-effective GPU and compute infrastructure needed to scale its AI platform and digital workflows sustainably.Developer Platform & SaaS Scale-Up: A rising developer platform is migrating its core microservices architecture from a major hyperscaler to Akamai LKE to resolve legacy cost friction and margin compression. Deploying a tailored mix of GPU, shared, and dedicated compute instances alongside cloud firewalls enables the provider to achieve performance parity, dramatically reduce primary infrastructure costs, and scale nearly 1,500 active microservices efficiently.Digital Media & High-Density Streaming: A global digital media producer selected Akamai GPU compute instances to accelerate streaming infrastructure, video rendering, and content distribution.Healthcare & Public Sector Continuity: A European healthcare research institution is deploying Akamai Cloud infrastructure to power secure, redundant cloud storage and mission-critical disaster recovery operations.Cloud Infrastructure for Media Workloads: A global media technology leader selected Akamai LKE and Object Storage to power its containerized media playout and processing operations. By migrating its compute-intensive digital workflows to Akamai's cloud-native platform, the company optimized its cloud footprint and infrastructure economics while maintaining the high-performance standards required for demanding media applications. “As AI and data-heavy applications mature, the underlying infrastructure supporting them must evolve,” said Adam Karon, Chief Operating Officer and General Manager, Cloud Technology Group at Akamai. “Enterprises can no longer afford to treat cloud compute as a one-size-fits-all model. That shift is why technology leaders are turning to Akamai for high-performance compute and GPU capacity where efficiency and scale matter most.”

To learn more about Akamai Cloud, visit akamai.com/cloud

About Akamai

Akamai is the cloud company that powers and protects an AI-driven world. Our cloud platform extends high-performance cloud computing from the core to the edge, enabling organizations to build and scale next-generation AI applications and providing comprehensive, multilayered security to safeguard enterprises against evolving cyberthreats. Learn more at akamai.com and akamai.com/blog, or follow Akamai Technologies on X and LinkedIn.

Contacts
Akamai Media Relations
[email protected]

Akamai Investor Relations
[email protected]

IDC MarketScape highlights Akamai’s broad telemetry base, purpose-built runtime protection for AI adopters, and layered AI security strategy as strengths

 | Source:

Akamai Technologies, Inc.

CAMBRIDGE, Mass., Oct. 12, 2026 (GLOBE NEWSWIRE) -- Today, Akamai (Nasdaq: AKAM) announced that it has been named a Leader in the IDC MarketScape: Worldwide Web Application and API Protection (WAAP) Platforms 2026 Vendor Assessment (Doc #US54130626, September 2026). The IDC MarketScape cited Akamai’s App & API Protector (AAP), noting, “Akamai AAP provides businesses with a breadth of capabilities for defending the web applications and interfaces that power the modern digital business, with an emphasis on critical business use cases when efficacy matters and enterprise-grade support affects security outcomes and business goals.”

The IDC MarketScape explains, “The threat landscape for online applications continues to escalate each year, as attackers gain access to increasingly powerful tooling. New frontier AI models discover zero-day vulnerabilities in greater volumes and in a fraction of the time. Agentic AI helps attackers chain together known and low-level exploits to breach defenses.“

“Akamai AAP is powered by its Adaptive Security Engine (ASE), a behavioral DDoS mitigation engine, AI-powered WAF, bot detection engine, and API security engine, delivered from Akamai’s globally distributed edge network,” said Chris Rodriguez, IDC Research Director, Trusted Network Access & Protection. “The platform layers bot/agent control, API security, Prolexic DDoS protection, DNS defenses, client-side protection, and a newer Firewall for AI module under a single enforcement path and unified telemetry (Security Hub).”

WAAP is a converged security solution with WAF at its core, combining multiple functions into a unified security platform including WAF, bot management, API security, DDoS mitigation, and other security technologies. 

“In our opinion, being named a Leader for the second time reflects the outcomes our customers have asked us to deliver,” said Sean Lyons, Senior Vice President and General Manager, Application & Infrastructure Security at Akamai. “This includes protection that adapts as fast as the threats do, coverage that follows applications wherever they run, and enforcement that treats the application surface as one path rather than several.”

About IDC MarketScape 
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers.

About Akamai
Akamai is the cloud company that powers and protects an AI-driven world. Our cloud platform extends high-performance cloud computing from the core to the edge, enabling organizations to build and scale next-generation AI applications and providing comprehensive, multilayered security to safeguard enterprises against evolving cyberthreats. Learn more at akamai.com and akamai.com/blog, or follow Akamai Technologies on X and LinkedIn.

Contacts
Akamai Media Relations
[email protected]

Akamai Investor Relations
[email protected]

Akamai Technologies (AKAM - Free Report) closed the most recent trading day at $104.61, moving -3.69% from the previous trading session. This change lagged the S&P 500's daily loss of 0.22%. Elsewhere, the Dow lost 0.66%, while the tech-heavy Nasdaq lost 0.22%.

Shares of the cloud services provider have appreciated by 2.85% over the course of the past month, underperforming the Computer and Technology sector's gain of 6.54%, and outperforming the S&P 500's gain of 1.4%.

The upcoming earnings release of Akamai Technologies will be of great interest to investors. The company is predicted to post an EPS of $1.67, indicating a 10.22% decline compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $1.12 billion, indicating a 6.07% growth compared to the corresponding quarter of the prior year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.62 per share and a revenue of $4.49 billion, signifying shifts of -7.02% and +6.59%, respectively, from the last year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Akamai Technologies. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.67% decrease. Akamai Technologies currently has a Zacks Rank of #4 (Sell).

Investors should also note Akamai Technologies's current valuation metrics, including its Forward P/E ratio of 16.4. This signifies a premium in comparison to the average Forward P/E of 15.33 for its industry.

Meanwhile, AKAM's PEG ratio is currently 2.76. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Internet - Services industry held an average PEG ratio of 1.82.

The Internet - Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 191, positioning it in the bottom 23% of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

Akamai Technologies, the edge-cloud and cybersecurity provider (AKAM), secured a seven-year, $11.6 billion commitment from Anthropic to support its growing CPU

Akamai Technologies (NASDAQ: AKAM - Get Free Report) and VNET Group (NASDAQ: VNET - Get Free Report) are both technology companies, but which is the better business? We will contrast the two businesses based on the strength of their earnings, profitability, analyst recommendations, valuation, risk, dividends and institutional ownership. Institutional and Insider Ownership 94.3% of Akamai Technologies

Key Points

AI agents are driving a surge in web traffic, creating new growth opportunities for internet infrastructure companies Cloudflare, Akamai and Fastly.Cramer says Akamai is the only one he'd buy right now, citing its low valuation and $11.6 billion Anthropic commitment.watch now

CNBC's Jim Cramer said Thursday that the explosion of web traffic from AI agents is creating a new growth opportunity for companies that help keep the internet running smoothly. That also means it's creating money-making opportunities for investors.

"One side effect of the AI revolution is that it's already creating an insane amount of web traffic and somebody needs to help us keep the internet running smoothly," the "Mad Money" host said.

Cloudflare, Akamai Technologies and Fastly operate networks of servers that help manage digital traffic, making websites faster and more reliable. Their role is becoming increasingly important as artificial intelligence agents generate far more web activity. Shares have surged 159% year to date, while Cloudflare has climbed 78% and Akamai has gained 22%. All three have far outperformed the S&P 500's roughly 12% advance over the same stretch.

Cloudflare has emerged as a major beneficiary of that trend. CEO Matthew Prince told Cramer in June that traffic from AI agents had already surpassed human traffic on the company's network. Cramer likes the company, but with the stock trading at roughly 279 times this year's expected earnings, he recommends waiting for a pullback before buying.

Akamai recently announced an initiative to build a network of smaller data centers that can process AI workloads closer to users, reducing latency as the industry shifts from training models toward using them at scale. That strategy got a major vote of confidence last week when Anthropic made an $11.6 billion commitment to Akamai for added computing capacity over the next seven years. The stock initially jumped on the news before surrendering most of those gains, creating what Cramer sees as a buying opportunity.

"I think you can buy that stock right here, right now," Cramer said. Akamai trades at less than 16 times this year's expected earnings, and he argued investors are "basically getting the latest Anthropic partnership for free."

Fastly is also repositioning itself for the AI era, shifting from a traditional content delivery network toward an "edge cloud" platform that can capitalize on growing AI-driven traffic. Essentially, this means it places its infrastructure closer to the location where it's needed to offer users faster response times. But at roughly 50 times this year's expected earnings and with a history of sharp swings, Cramer recommends waiting for a better entry point.

"For the moment, Akamai's the only one that's cheap enough for me to pound the table on," Cramer said.

BOSTON--(BUSINESS WIRE)-- #CleanEnergy--Boston-area based cybersecurity and cloud computing company Akamai Technologies completed the first-ever clean energy transaction executed on a CFTC-registered exchange by securing a new high-impact solar Virtual Power Purchase Agreement (VPPA) on August 31, 2026 on Resurety's CleanTrade marketplace. This milestone reinforces Akamai's commitment to its 2030 goal of reaching net-zero emissions across its global platform and operations. Resurety's CleanTrade platform is t.

Akamai Technologies (AKAM) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Akamai Technologies Today

AKAM

Akamai Technologies

$111.29 -2.65 (-2.32%)

As of 11:02 AM Eastern

This is a fair market value price provided by Massive. Learn more.

$70.82▼

$165.4539.73

$149.29

Akamai Technologies NASDAQ: AKAM recently secured a $11.6 billion cloud infrastructure commitment from AI developer Anthropic. This agreement accelerates Akamai's evolution from a legacy content delivery network into a distributed compute operator.

Capitalizing on this structural shift requires a heavy infrastructure outlay. Management projects $5.5 billion in capital expenditures (CapEx) to support the contract, including approximately $1.7 billion of additional CapEx in 2026 to secure critical components such as memory. That spending will pressure free cash flow in the near term, while the warrants issued to Anthropic create potential equity dilution as the relationship expands. Investors evaluating the transition need to weigh the long-term value of anchoring a premier AI tenant against the near-term financial costs of hardware deployment.

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Zoning for AI: $11.6 Billion in Edge ComputeThe seven-year agreement marks a clear pivot in network utility. The $11.6 billion figure is a firm commitment. Contract parameters allow for up to $9 billion in additional spending, bringing the maximum potential transaction value to approximately $20 billion. Recognizing this distinction helps value the forward revenue pipeline, as the remaining $9 billion depends entirely on Anthropic choosing to expand its usage.

Beyond the dollar amounts, the arrangement's technical specifics point to a broader macroeconomic shift in artificial intelligence (AI) infrastructure. Anthropic specifically requires distributed CPU environments rather than the centralized GPU clusters typically associated with large language model development. While foundational model training demands concentrated GPU power, large-scale model execution, often referred to as inference, can benefit from distributed, low-latency CPU networks positioned close to the edge.

By catering to this CPU demand, Akamai positions its cloud platform as a scalable AI inference network. Processing data closer to the end user reduces latency and bandwidth costs, which are critical factors for AI agents running real-time tasks. This supports the case that inference workloads will eventually migrate away from expensive, centralized data centers and toward distributed edge environments. Akamai adds this deal to the more than $2.8 billion in multi-year cloud infrastructure commitments across its customer base previously announced this year, showing momentum in the compute segment.

The Price of Construction: $5.5 Billion in Capital CostsSupporting these enterprise workloads demands a severe upfront investment. Akamai estimates a total related CapEx of $5.5 billion over the life of the contract. Approximately $1.7 billion of that total is scheduled for 2026 to secure critical supply chain components, particularly memory. Because management maintained flat 2026 revenue guidance, this accelerated spending will weigh on near-term free cash flow and capital efficiency before the full revenue contribution develops.

The legacy content delivery network business continues to contract, with delivery revenues down roughly 6% year over year in Akamai's most recent quarter. The Anthropic partnership functions as an important part of Akamai's effort to offset this legacy decay, pivoting the revenue mix entirely toward security and compute.

This transition drastically alters the shareholder return profile. Akamai traditionally pays no dividend and recently paused its share buyback program during the second quarter of 2026 to reallocate capital toward cloud infrastructure expansion. By halting buybacks, Akamai removed a consistent buyer from the market, stripping away a mechanism that often provides a floor for the stock price. Shareholders now rely on pure capital appreciation during a high-CapEx cycle, magnifying the risk if margin compression lasts longer than expected.

Paying the Contractors: The Equity Cost of Anchor TenantsSecuring an anchor AI tenant required structural concessions that directly impact the capital structure. Anthropic received a warrant to purchase non-voting convertible Series B preferred stock representing up to 7.7 million shares, or roughly 5% of Akamai's outstanding common stock. The strike price sits at $111.33.

A 2% tranche of this warrant vests immediately based on the initial $11.6 billion commitment. This creates a quantifiable baseline of potential equity dilution required to finalize the partnership. The remaining 3% vests in 1% increments for every $3 billion in additional cloud services purchased within the seven-year term.

At a strike price near current trading levels, these warrants trade essentially at the money, introducing tangible dilution risk. If the cloud migration is successful and the equity valuation climbs, Anthropic will likely exercise these warrants, capturing a portion of the upside. Presenting the $20 billion maximum transaction size as guaranteed revenue misprices the deal structure. The additional equity handover remains contingent on client expansion, aligning Anthropic's upside with Akamai's performance while diluting existing shareholders.

Checking the FoundationWall Street reactions suggest a polarized consensus on the deal's capital intensity. Institutional ownership sits at approximately 94%, heavily concentrated among major asset managers. This extreme saturation explains the rapid retracement of the post-announcement price spike, as institutions dynamically hedge against the multi-year timeline required for free cash flow normalization.

Akamai Technologies Stock Forecast Today12-Month Stock Price Forecast:
$149.29
34.31% Upside

Hold
Based on 24 Analyst Ratings

Current Price$111.15High Forecast$225.00Average Forecast$149.29Low Forecast$87.00Akamai Technologies Stock Forecast Details

Akamai currently trades at a price-to-earnings multiple near 41.10x, with return on equity hovering around 8.92% and a weighted average cost of capital of 5.04%. Compared with growth-oriented cloud operators, these figures suggest a business in transition rather than a fully optimized cloud platform.

Short interest currently represents about 13% to 14% of the outstanding float, with a short ratio nearing 6 days to cover. This elevated short positioning reflects institutional skepticism regarding operating margins and near-term CapEx burdens. Options data skews defensive, with near-term expirations displaying a higher put-to-call ratio, signaling active hedging against post-catalyst drawdowns.

The broader market currently applies a legacy content delivery penalty to Akamai. Akamai trades at a compressed multiple compared to pure-play edge network peers like Cloudflare NYSE: NET. If the CPU-heavy inference strategy succeeds and compute revenues outpace the decline in legacy delivery, a realistic pathway to valuation multiple expansion exists. Bridging the gap between current capital outflows and future profitability requires flawless execution.

Tracking the AI Infrastructure PivotInvestors tracking this transition should monitor several fundamental indicators to gauge execution success. The most immediate metric is sequential quarterly operating margins, which will reveal the true financial friction of the $1.7 billion capital outlay. Monitoring actualized capital expenditures against projections will clarify the cash burn rate and its impact on Akamai's balance sheet.

Onboarding secondary enterprise AI clients will show whether the distributed CPU model can attract a broader customer base. Relying heavily on Anthropic introduces single-customer concentration risk. Securing additional tenants would validate the edge computing architecture and diversify revenue. Conservative investors evaluating a position may prefer to watch the upcoming earnings cycles to assess how the infrastructure buildout impacts free cash flow generation before committing capital to the transition.

Investors with a higher risk tolerance might view the current CapEx-driven cash flow pressure as a temporary discount and initiate a position to capture potential multiple expansion before AI inference revenue fully materializes. Entering the stock during this foundational phase offers a chance to front-run the institutional capital that typically rotates back in once free cash flow begins to normalize.

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Shares of Akamai Technologies (AKAM +3.20%) rose on Friday after the cloud computing and cybersecurity specialist expanded its relationship with leading artificial intelligence (AI) model maker Anthropic.

Image source: Getty Images.

Partnering with an AI pioneer Anthropic is committed to using $11.6 billion of Akamai's cloud infrastructure services over seven years. The deal can be increased by up to $9 billion, bringing the total potential value to over $20 billion.

For context, Akamai previously announced $2.8 billion in multi-year cloud customer commitments in its second-quarter earnings release in August.

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Akamai said its infrastructure will support Anthropic's fast-growing central processor unit (CPU) workload demands. It's a notable statement, as it provides more evidence that AI computing needs are shifting beyond graphics processing unit (GPU)-powered model training to CPU-supported inference workloads.

Anthropic could become a major investor in Akamai As part of the deal, Anthropic received a warrant to buy convertible preferred stock representing roughly 5% of Akamai's outstanding shares for $111.33 per share.

A portion of the warrant representing 2% of those shares vested along with the deal's announcement. The remainder will vest if Anthropic expands the agreement by the aforementioned $9 billion, in increments of 1% for every $3 billion commitment.

This deal with Anthropic should help accelerate Akamai's expansion by establishing it as a key supplier of distributed computing capacity to the world's leading AI model developers.

"Our expanding global footprint, combined with our years of experience serving the world's largest enterprises, positions us to be the infrastructure provider for secure and responsible AI applications and workloads," Akamai CEO Tom Leighton said.

Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Akamai Technologies. The Motley Fool has a disclosure policy.

As of 11:41 AM ET, the Dow Jones Industrial Average (^DJI +0.82%) is up 0.35% to 51,531, the Nasdaq Composite (^IXIC +0.55%) is up 0.11% to 26,969, and the S&P 500 (^GSPC +0.47%) is up 0.12% to 7,713 as artificial intelligence (AI) momentum helps the market withstand rising Treasury yields.

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Gold is down 0.07% to $4,275.45, and the 10-Year Treasury yield is climbing 5 basis points to 5.21%. Technology and utilities are the top-gaining sectors, while energy and communication stocks fell the most.

Today's biggest movesAkamai Technologies surged 15% in after-market trading yesterday following an $11.6 billion cloud services deal with AI developer Anthropic. The stock pared gains this morning, but the agreement establishes its place as a serious infrastructure provider. Moderna extended yesterday's gains on growing optimism about its cancer vaccine. Zscaler tumbled 9% on news of management changes.

What this means for investorsTech strength outweighed yield jitters this morning, despite growing analyst predictions that 10-year Treasury yields could reach 6% if bond turbulence continues. Data shows consumer sentiment slipped in September as high living costs ate into people's budgets.

Akamai's Anthropic deal kept AI development in the spotlight, and some argue that AI growth and earning strength could help markets weather the bond storm. However, as storm clouds gather, keep The Motley Fool investing philosophy in mind. Pick quality stocks that you plan to hold long term, as a rising tide is unlikely to lift all boats.

Emma Newbery has positions in Zscaler. The Motley Fool has positions in and recommends Akamai Technologies, Meta Platforms, Moderna, and Zscaler. The Motley Fool has a disclosure policy.

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Shares of Akamai are surging after the cloud computing and cybersecurity firm signed a new seven-year deal with Anthropic.

A new seven-year deal between Anthropic and Akamai (AKAM) sent shares for the latter higher on Friday's session thanks to the deal's $11.6 billion price tag. Marley Kayden offers more details on the agreement and why it's a big deal for the greater AI trade.

Akamai Technologies shares soared more than 23% in premarket trading Friday after the company announced a multibillion-dollar cloud computing agreement with artificial intelligence firm Anthropic, highlighting the growing demand for computing capacity as AI developers expand their workloads. The agreement requires Anthropic to pay Akamai $11.6 billion over seven years for access to CPU capabilities from Akamai Cloud's distributed AI infrastructure and software.

Akamai stock is soaring on a pact with Anthropic. Photo: Agence France-Presse/Getty ImageAkamai Technologies stock soared in premarket trade on Friday after agreeing to supply cloud computing services to Anthropic for $12 billion.

The terms call for Anthropic to pay $11.6 billion over 7 years to use CPU capabilities from Akamai Cloud’s distributed AI infrastructure and software. Akamai and Anthropic also have the option to expand the agreement to encompass another $9 billion of revenue, an option which JPMorgan analysts say follows “a path of low resistance” to be exercised.

Forget The Chips? Cloud Stocks Are The New Hardware Akamai Technologies NASDAQ: AKAM said it has signed an $11.6 billion, seven-year commitment with artificial intelligence company Anthropic to provide cloud infrastructure services supporting Anthropic’s accelerating CPU workload demands.

Chief Executive Officer and Co-Founder Tom Leighton called the agreement the largest contract in Akamai’s history. The deal uses Akamai Cloud’s distributed AI infrastructure and software, and it follows $2.8 billion in multiyear cloud infrastructure commitments Akamai signed earlier in 2026. Together, those agreements bring the company’s year-to-date signed total contract value to about $14.4 billion, according to Chief Financial Officer Ed McGowan.

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Revenue ramp and capital spending Cybersecurity Demand Is High—Yet This ETF Is on SaleMcGowan said Akamai does not expect revenue from the Anthropic agreement in 2026. Revenue is expected to begin during the second half of 2027, contributing approximately $150 million to $300 million for the full year. The company expects revenue to continue ramping through 2028 and to reach an annualized run rate of roughly $1.7 billion by the end of that year.

Once fully ramped, the contract’s take-or-pay structure is expected to keep revenue steady through the balance of the agreement, McGowan said. The revenue guidance incorporates the impact of warrant-related accounting and price escalators that must be straight-lined over the contract’s life.

Akamai: AI Tailwinds Drive Edge Computing and Security GrowthAkamai expects to spend approximately $5.5 billion in capital expenditures over the next two years to support the $11.6 billion commitment. The planned spending includes:

Approximately $1.7 billion in the fourth quarter of 2026 for critical supply-chain components, including memory; About $3.1 billion in 2027; and Approximately $700 million in 2028 to complete capital deployments. McGowan said depreciation will begin when equipment enters service and is expected to be substantially in line with revenue. Akamai has no contractual obligation to refresh or upgrade the equipment during the seven-year agreement. He said a seven-year depreciation assumption would be appropriate for the contract, while noting that Akamai has servers in its network that have operated for longer.

Potential expansion and warrant terms The agreement also provides for a potential additional $9 billion in revenue commitments, which could bring the relationship’s total value to as much as $20 billion over seven years. McGowan said the additional amount is an option for future business rather than a milestone-dependent extension of the initial commitment. Any additional commitments would require further capital expenditures, he said.

As part of the arrangement, Akamai issued Anthropic a warrant to purchase up to 7.7 million common-share equivalents of Series B non-voting convertible preferred stock, equal to about 5% of shares outstanding. The warrants have an exercise price of $111.33 per common-stock equivalent, a seven-year term, and vest according to Anthropic’s committed revenue.

Approximately 3.1 million share equivalents, or 2% of shares outstanding, are expected to vest in connection with the announced $11.6 billion commitment. The remaining 3% could vest if Anthropic makes up to $9 billion in additional commitments, with roughly 1% vesting for each additional $3 billion.

Leighton said the warrant is intended to align incentives for future growth and described its financial value as small relative to the overall contract value. McGowan added that the warrant’s grant-date value is set when the contract is signed and will be deducted from revenue over the agreement’s life.

Infrastructure, power and financing Akamai said the combined $14.4 billion in major multiyear cloud infrastructure contracts is expected to produce about $2.2 billion in annual recurring revenue when fully ramped. The company estimates those contracts will require about 95 megawatts to 105 megawatts of power, or roughly $22 million in annual revenue per megawatt across the portfolio.

McGowan said the Anthropic deal is entirely CPU-based, while Akamai’s broader portfolio of recently announced contracts includes a mix of CPU and GPU workloads. He said CPU deployments can provide greater power efficiency, though the company continues to see demand for both CPU and GPU infrastructure.

The infrastructure will be deployed across numerous colocation sites, though Akamai did not disclose a site count. McGowan said the company is using multiple colocation providers and is confident in its ability to secure capacity, with some capacity already secured. He added that new sites typically require 60 to 90 days to reach full revenue potential, which could temporarily pressure margins while deployments ramp.

To fund the capital program, McGowan pointed to Akamai’s $4.6 billion cash balance reported in the prior quarter, its $1 billion revolving credit facility, and the company’s profitable operations. He said management would consider additional capital if needed and would pursue what it believes is in shareholders’ best interests.

Leighton said Akamai’s agreement with Anthropic does not limit its ability to work with other AI companies, including hyperscalers, which he said are already Akamai customers. Both Leighton and McGowan said the large contract has expanded the company’s opportunity set by demonstrating its ability to operate at scale.

About Akamai Technologies (NASDAQ:AKAM)Akamai Technologies, Inc is a global technology company that provides cloud computing, content delivery and cybersecurity services. Its distributed platform helps businesses deliver websites, applications, software downloads, video and other digital content with improved speed, availability and scalability.

The company's offerings include content delivery and edge computing services, cloud infrastructure, web and application performance solutions, and security products designed to protect applications, application programming interfaces, networks and users from cyber threats.

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Akamai Technologies, Inc. (AKAM) Discusses Landmark Multi-Billion Dollar Cloud Infrastructure Contract and Impact on Business Growth September 24, 2026 5:30 PM EDT

Company Participants

Mark Stoutenberg
F. Leighton - Co-Founder, CEO, President & Director
Ed McGowan - Executive VP, CFO & Treasurer

Conference Call Participants

Lawrence Vensko - Guggenheim Securities, LLC, Research Division
Samik Chatterjee - JPMorgan Chase & Co, Research Division
Sanjit Singh - Morgan Stanley, Research Division
Paramveer Singh - Oppenheimer & Co. Inc., Research Division
Jackson Ader - KeyBanc Capital Markets Inc., Research Division
Rudy Kessinger - D.A. Davidson & Co., Research Division
Fatima Boolani - Citigroup Inc., Research Division
James Fish - Piper Sandler & Co., Research Division

Presentation

Operator

Good day, and welcome to the Akamai Customer Announcement Overview Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Mark Stoutenberg, Head of Investor Relations. Please go ahead.

Mark Stoutenberg

Good afternoon, everyone, and thank you for joining us today on short notice. We have some very exciting news to share from a customer win perspective, and we will get to that in just a moment. Speaking today will be Tom Leighton, Akamai's Chief Executive Officer; and Ed McGowan, Akamai's Chief Financial Officer.

Please note that today's comments include forward-looking statements that include revenue guidance. These forward-looking statements are based on current expectations and assumptions that are subject to certain risks and uncertainties and involve a number of factors that could cause actual results to differ materially from those expressed or implied. The factors include, but are not limited to, any impact from macroeconomic trends, the integration from any acquisition, geopolitical developments, and other risk factors identified with our filings with the SEC.

The statements included on today's call represent the company's views on September 24, 2026, and we assume no obligation

The deal provides for a potential $9 billion expansion, representing a total potential commitment of around $20 billion, Akamai said.

Anthropic has signed an $11.6 ‌billion cloud services agreement with Akamai Technologies (AKAM.O), as ​the AI lab ​seeks additional computing capacity to ⁠support its growing ​workloads.

The seven-year contract could ​expand by an additional $9 billion, bringing the potential total ​commitment to about $20 ​billion. Akamai shares jumped 15% in ‌extended ⁠trading on Thursday.

Akamai has also issued Anthropic a warrant that ​could give ​it ⁠up to 5% of the company's ​outstanding common stock, ​with ⁠about 2% expected to vest under the ⁠initial $11.6 ​billion commitment.

 | Source: Akamai Technologies, Inc.

Key takeaways

Nonhuman identities: Enterprise risk is shifting from human identity management to governing autonomous nonhuman entities.Browser as the unprotected workspace: More than 40% of enterprise users have installed AI-powered browser extensions, with 25% of these extensions altering permissions within 12 months.Chatbot interaction: More than 6% of chatbot conversations contain sensitive information.
CAMBRIDGE, Mass., Sept. 22, 2026 (GLOBE NEWSWIRE) --

As organizations deploy agentic AI to execute tasks across APIs and systems, enterprises face a fundamental shift in risk. Akamai (NASDAQ: AKAM) today released its latest State of the Internet (SOTI) Security report focused on emerging AI challenges. Targeted to a CISO audience, Speed, Scale, and Nonhuman Identity: The Agentic Threat Landscape explains that securing modern business has evolved from solely identity and access management for people into a challenge of behavioral governance over nonhuman entities.

The report highlights two critical challenges: the difficulty of setting guardrails for autonomous agents, and the speed at which AI models discover vulnerabilities — often outpacing human patch cycles.

Key findings from the SOTI report

The Model Context Protocol (MCP) visibility gap: Despite the fact that MCP (the protocol that allows AI agents to interact with multiple software systems) enables AI models to execute autonomous multisystem actions, MCP exposure ranks last among current CISO security priorities. This reveals a critical visibility gap, even as security leaders expect rogue AI agents to become a top cyberthreat by 2030.Chatbot data leaks: More than 6% of enterprise AI chatbot conversations contain sensitive corporate data — primarily personally identifiable information — with 47% of interactions occurring via unmonitored personal accounts.Exploit acceleration: Frontier AI initiatives demonstrate that models can rapidly discover and chain system weaknesses, rendering reactive patching insufficient and mandating real-time edge mitigation.Browser as the unprotected workspace: More than 40% of enterprise users have installed AI-powered browser extensions, with 25% of these extensions altering permissions within 12 months. These tools are 60% more likely to possess known CVEs than standard extensions.Rise of the synthetic customer: As AI agents replace traditional web traffic to drive brand discovery, CISOs must expand protection beyond malware to include generative engine optimization (GEO) metrics: citations, accuracy, sentiment, and bot management.
“AI presents an ‘everything, everywhere, all at once’ moment for the security ecosystem as a whole,” said Boaz Gelbord, Chief Security Officer at Akamai. “You have this triple threat: First, internal usage of AI across the organization, whether that’s AI generated code or leveraging AI productivity tools. Second, you have the integration of AI directly into customer-facing products and cloud workloads, which reshapes your operational risk profile. Third, you have AI-driven attacks targeting the enterprise. Security programs need to adapt to this rapidly evolving reality, and there’s a lot of pressure in the system due to the unprecedented speed of these changes. This is going to be a central topic for boards, customers, and regulators in the foreseeable future.”

“The rise of the agentic web marks a fundamental shift in how business value and operational logic are created,” said Steve Winterfeld, Advisory CISO of Akamai. “As autonomous AI moves from answering queries to executing multistep business strategies, security leadership must evolve alongside it.”

Strategic recommendations for security leaders

To navigate the agentic era, Akamai outlines four core pillars for CISOs in the report:

Shift to adaptive edge governance: Deploy edge native runtime protections, API filters, and isolation mechanisms to neutralize vulnerabilities immediately while back-end patching takes place.Lock down the browser edge: Establish visibility and behavioral controls inside the browser to secure workforce adoption of unmanaged AI extensions and web-hosted models.Protect brand authority in a zero-click economy: Implement GEO strategies and machine-readable data layers at the network edge to prevent AI crawlers and synthetic shoppers from hallucinating or misrepresenting corporate brand data.Match autonomy to verifiability: Grant operational autonomy to AI agents based on how easily their actions can be verified and how reversible a potential failure is, maintaining human-in-the-loop controls for high-stakes actions. Now in their 12th year, Akamai’s SOTI reports continue to offer critical insights on cybersecurity trends and web performance, drawn from attacks viewed across Akamai’s cybersecurity infrastructure, which handles a significant portion of global web traffic.

About Akamai
Akamai is the cybersecurity and cloud computing company that powers and protects business online. Our market-leading security solutions, superior threat intelligence, and global operations team provide defense in depth to safeguard enterprise data and applications everywhere. Akamai’s full-stack cloud computing solutions deliver performance and affordability on the world’s most distributed platform. Global enterprises trust Akamai to provide the industry-leading reliability, scale, and expertise they need to grow their business with confidence. Learn more at akamai.com and akamai.com/blog, or follow Akamai Technologies on X and LinkedIn.

Contacts
Akamai Media Relations
[email protected]

Akamai Investor Relations
[email protected]

Investors interested in Internet - Services stocks are likely familiar with KE Holdings Inc. Sponsored ADR (BEKE) and Akamai Technologies (AKAM). But which of these two stocks presents investors with the better value opportunity right now?

Expanded bidirectional integration connects Akamai API Security intelligence with Agent Fabric, extending governance across APIs, agents, and MCP serversHelps organizations discover, understand, and govern APIs and MCP servers across distributed environmentsMore than 20 joint customers already use the integration to eliminate critical security blind spots across enterprise API environments
CAMBRIDGE, Mass., Sept. 10, 2026 (GLOBE NEWSWIRE) -- With unmonitored APIs and shadow AI deployments continuing to create critical security blind spots that leave corporate data exposed, Akamai (NASDAQ: AKAM) today announced an expanded technology collaboration with MuleSoft to help eliminate these risks. This comes as 87% of organizations reported an API-related security incident during 2025, according to survey responses in the 2026 Akamai API Security Impact Study.

As enterprises deploy Agentforce and other AI agents at scale, Agent Fabric governs the underlying agents, APIs, and MCP servers that make agentic workflows possible. This integration extends that governance with Akamai’s runtime security intelligence, closing the gap between security monitoring and operational governance.

The integration establishes a two-way data synchronization layer between the two platforms. MuleSoft Exchange automatically synchronizes API specifications and environment data with Akamai. Teams can verify live traffic against design blueprints and instantly identify drift, including undocumented or obsolete endpoints.

At the same time, Akamai continuously analyzes API activity from connected traffic sources and environments, feeding behavioral analytics and threat risk scores into MuleSoft’s unified control plane. Akamai reveals API traffic that would otherwise be hidden, giving organizations a broader view of their entire API estate while effectively closing the shadow API and MCP server blind spots that traditional, point-in-time API security tools don’t reach.

Agent Fabric provides the management, governance, and policy framework for APIs, MCP servers, agents, and AI interactions. Akamai API Security provides dedicated discovery, posture assessment, runtime analysis, and testing across the broader API estate. Teams can use the integrated capabilities to better understand what exists, what is governed, and where security action is needed.

“Security teams can’t protect APIs that they can’t see or understand in context,” said Oz Golan, Vice President, API Security Product & Engineering at Akamai. “Our collaboration with MuleSoft helps joint customers connect API management context with API security insights, so they can identify potentially unprotected APIs, improve inventory accuracy, and reduce risk across the APIs and MCP servers powering today’s applications.”

“APIs are the connective tissue of modern enterprises, and they are becoming even more critical as organizations build AI-driven and agentic applications,” said Karl Albertsen, VP of Product Management at MuleSoft. “By integrating Akamai API Security with the MuleSoft platform, we are helping customers improve visibility, strengthen governance, and apply consistent policies across the APIs, agents, and MCP assets powering their digital business.”

Availability
The technology integration between Akamai API Security and Agent Fabric is currently available and already in use by more than 20 organizations. Akamai plans to introduce additional product updates in the second half of 2026, including native MuleSoft onboarding features and expanded runtime security for AI and MCP environments.

Akamai will demonstrate these capabilities at Salesforce Dreamforce, September 15–17, 2026, at the Moscone Center in San Francisco.

About MuleSoft
MuleSoft, a Salesforce company, provides an enterprise-grade integration and API platform that empowers organizations to connect data, applications, and devices across on-premises and cloud environments. Through Agent Fabric, MuleSoft unifies integration, API management, and agent/AI governance, enabling businesses to quickly build and govern connected experiences — paving the way for the secure, agentic enterprise.

About Akamai
Akamai is the cybersecurity and cloud computing company that powers and protects business online. Our market-leading security solutions, superior threat intelligence, and global operations team provide defense in depth to safeguard enterprise data and applications everywhere. Akamai’s full-stack cloud computing solutions deliver performance and affordability on the world’s most distributed platform. Global enterprises trust Akamai to provide the industry-leading reliability, scale, and expertise they need to grow their business with confidence. Learn more at akamai.com and akamai.com/blog, or follow Akamai Technologies on X and LinkedIn.

Contacts
Akamai Media [email protected]

Akamai Investor Relations
[email protected]