Akamai Technologies, Inc. reports developments in cybersecurity, cloud computing, and content delivery for enterprises, public-sector customers, media operators, and digital businesses. The company describes its business through Security, Delivery and other cloud applications, and Cloud Infrastructure Services, including Akamai Cloud and edge-based infrastructure.
Recurring updates include quarterly financial results, API security capabilities such as Security Posture Center and code-to-runtime mapping, brand-impersonation protection through Akamai Brand Guardian, threat research from State of the Internet reports, and partner or contract activity involving compute, streaming analytics, application delivery, and public-sector procurement.
Akamai Technologies (Nasdaq: AKAM) closed a $2.5 billion private offering of convertible senior notes, debt that can convert into shares. The offering comprises $1.25 billion of 1.00% notes due 2028 and $1.25 billion of 1.00% notes due 2031, each including a fully exercised $150.0 million purchase option. Net proceeds were approximately $2,459.7 million; approximately $284.4 million funded share-conversion hedges after warrant-sale proceeds.
Akamai plans to repay part of its $1.15 billion of 2027 convertible notes at their September 1, 2027 maturity and/or cover earlier conversions, and fund Cloud Infrastructure Services capital expenditures. It expects higher EBITDA margins and operating cash flow beginning in 2027, with further improvement in 2028 as committed cloud-contract revenue ramps. The hedges are expected to reduce conversion dilution or offset certain cash payments; warrants could separately dilute shareholders above their strike price.
Akamai Technologies (AKAM) priced a private convertible senior note offering comprising two series, with $1.1 billion in principal each. The senior unsecured notes bear 1.00% annual interest and mature on November 15, 2028 and November 15, 2031. Initial purchasers have options for an additional $150.0 million per series. Akamai expects closing on November 12, 2026 and estimates net proceeds of approximately $2,164.2 million before hedge costs.
Initial conversion prices are approximately $112.41 for the 2028 notes and $102.37 for the 2031 notes. Akamai plans to apply proceeds toward repayment or conversion payments on part of its outstanding 2027 convertible notes and Cloud Infrastructure Services capital spending. Net hedge costs are approximately $250.3 million. The hedges are expected to reduce potential conversion dilution or offset excess cash payments; separate warrants could dilute shareholders.
Akamai Technologies (AKAM) proposed a convertible senior note offering to refinance existing notes and fund cloud infrastructure capital spending. The proposed offering comprises $1.1 billion due 2028 and $1.1 billion due 2031, with purchaser options for up to an additional $150.0 million of each series. Interest rates, conversion rates and offering prices will be set at pricing.
Akamai intends to use proceeds partly to repay a portion of its $1.15 billion of outstanding 0.375% convertible notes due September 1, 2027, or cover earlier conversions, and fund Cloud Infrastructure Services capital spending. Planned share-linked hedges are expected to reduce conversion dilution or offset cash payments above principal, but carry costs; accompanying warrants could separately dilute shareholders. The offering is subject to market factors and other conditions.
Akamai Technologies (AKAM) reported third-quarter 2026 revenue of $1.122 billion, up 6% year over year, while earnings declined. Security revenue rose 9% to $622 million, and cloud infrastructure services revenue increased 34% to $109 million. Delivery and other cloud applications revenue fell 3% to $391 million. GAAP diluted earnings fell 21% to $0.77, and operating margin declined 6 percentage points to 10%.
Akamai signed more than $14 billion in multi-year cloud infrastructure commitments so far this year. It projects 2027 cloud infrastructure revenue of $1.1 billion–$1.3 billion and total revenue growth of 17%–22%, adjusted for foreign exchange, followed by total revenue exceeding $7.0 billion in 2028. Fourth-quarter revenue guidance is $1.145 billion–$1.170 billion, with non-GAAP diluted earnings of $1.50–$1.70. Quarterly operating cash flow was $433 million, while property, equipment and capitalized software spending reached $605.155 million.
Akamai (AKAM) released a cybersecurity research report finding that online scams surpassed traditional phishing for the first time in Q1 2026. Scam detections approximately doubled from ~3.2 million to ~6.4 million. Average phishing attack lifespan fell from 48 days in Q4 2025 to 22 days in Q2 2026.
High- and critical-risk activity represented 26.6% of recorded login attempts. Nearly 70% of phishing threats impersonated high technology, financial services and commerce brands. Akamai recommends behavioral inspection throughout the account lifecycle and microsegmentation, which separates network systems to restrict movement between them.
Akamai (Nasdaq: AKAM) introduced Akamai Inference and Akamai Agent Sandbox to add managed AI model serving and isolated agent execution to Akamai Cloud. Both products are available in beta, with serverless deployment options included in the Inference beta. The underlying cloud infrastructure has already secured multiyear contracts collectively worth more than $14 billion.
Akamai also expanded its dedicated GPU fleet with NVIDIA Blackwell Ultra clusters and is preparing its data centers to support NVIDIA Vera Rubin in 2027. Inference offers managed access to open-weight and custom models, while Agent Sandbox separates agent-generated code from the agent’s runtime.
Akamai (AKAM) announced new customer adoption of its cloud computing services, spanning enterprise software, artificial intelligence and digital media workloads. Software and software-as-a-service companies represented the overwhelming majority of new customers, while Asia-Pacific and Japan and Europe, the Middle East and Africa accounted for most additions.
Customer commitments include NVIDIA RTX PRO 6000 Blackwell Server Edition GPU deployments for AI testing and compute pilots, a logistics technology provider migrating AI warehouse workloads, and a developer platform moving its core architecture. Other customers selected cloud services for streaming and media processing, while a European healthcare research institution is deploying storage and disaster recovery infrastructure.
Akamai (Nasdaq: AKAM) was named a Leader in the IDC MarketScape assessment of worldwide web application and API protection platforms. The September 2026 assessment highlighted its broad telemetry base, runtime protection for AI adopters and layered AI security strategy. The assessment cited App & API Protector's capabilities for defending web applications and interfaces. Akamai said this was its second Leader recognition.
Akamai Technologies (AKAM) will hold its third-quarter 2026 investor conference call on November 5, 2026, at 4:30 p.m. ET.
The call will cover financial results and may include management’s forward-looking financial guidance. A live webcast will be available on Akamai’s Investor Relations page, with a telephone replay available for two weeks afterward and an archived webcast on its website.
Akamai (AKAM) has added SoftServe to its Partner Connect program to offer cloud and AI services to enterprise customers.
SoftServe’s offerings include cloud strategy support, custom-built language models and AI inference services designed for distributed GPU networks. The collaboration also includes AI consulting, digital modernization and managed services for customers in high tech, healthcare, financial services, industrial and manufacturing. Akamai and SoftServe plan to exhibit at NVIDIA GTC Berlin 2026 from October 20 to 22.