Product pipeline and R&Dnegative · 5 filings
“These amounts were partially offset by foreign income taxed at lower rates and the benefit of U.S.”10-Q · Aug 7, 2026 ↗
Akamai Technologies, Inc.
AKAM
Market read
Akamai Technologies, Inc.'s current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 18 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.
What changed
- Revenue increased 5.4% versus the comparable filing period.
- Operating margin fell 7.2 percentage points.
Company-0.3% todayVolume comparison unavailable
Market group0 of 18 activeTechnology-Heavy Mixed · unavailable
Disclosed network0 of 5 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- Research and development expense was $141,576 (in thousands) for the three months ended March 31, 2026, a 15% increase versus $123,549 in the prior-year period.
Invalidation: The isolated read changes if AKAM's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 18 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.
Evidence that supports
- Revenue increased 5.4% versus the comparable filing period.
Evidence that challenges
- Operating margin fell 7.2 percentage points.
- Net income decreased 23.4% versus the comparable filing period.
- Net margin fell 2.7 percentage points.
What would clarify the read
- Research and development expense was $141,576 (in thousands) for the three months ended March 31, 2026, a 15% increase versus $123,549 in the prior-year period.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations602
Usable filing statements195
Verified relationships5
Evidence supporting the case
- Latest annual revenue changed +5.4% year over year.
- Operating cash flow covered net income at 3.36x in the latest annual period.
- Restructuring and cost reductions has repeated favorable evidence across 5 filings.
Evidence challenging the case
- Net margin changed -1.9 percentage points in the latest annual period.
- Product pipeline and R&D has repeated adverse evidence across 5 filings.
Questions before a position
- P/E is 20% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 50% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 11, 2026
106.756m+1.2%12m+39.1%24m+10.6%
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$3.5B+8.2%$3.93+0.4%
2022-12-31$3.6B+4.5%$3.26-3.2%
2023-12-31$3.8B+5.4%$3.52-3.2%
2024-12-31$4.0B+4.7%$3.27-0.7%
2025-12-31$4.2B+5.4%$3.07-4.7%
What management says matters
Persistent and emerging business drivers
Restructuring and cost reductionspositive · 5 filings
“The restructuring charge for the three and six months ended June 30, 2025 was primarily driven by management's commitment to redeploy headcount and resources to support our faster growing security and cloud computing solutions.”10-Q · Aug 7, 2026 ↗
Pricing and mixmixed · 3 filings
“These increases were partially offset by lower bandwidth fees, resulting from improved pricing and operational efficiencies on our network.”10-K · Feb 20, 2026 ↗
Capital investment and capacitymixed · 2 filings
“The key factors that influence our financial success are our ability to build on recurring revenue commitments across our product portfolios, increase traffic on our network, continue to develop, scale and successfully bring to market our cloud infrastructure…”10-Q · May 8, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 3.7× · EV/sales 3.5×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
106.75-0.3% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for AKAM. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
The latest filing shows material pressure
10-Q filed 2026-08-07 against the comparable filing from 2025-08-08.
OperationscautiousEvidence score -1
liquidityneutralEvidence score 0
valuationdiscount
Capital and cash conversion
Reported investment and cash context
- Capital spending YoY
- -6.3%
- Capital spending / revenue
- +11.3%
- Free-cash-flow margin
- +18.0%
- FCF margin change
- -3.7 pts
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
What improved
- Revenue increased 5.4% versus the comparable filing period.
What weakened
- Operating margin fell 7.2 percentage points.
- Net income decreased 23.4% versus the comparable filing period.
- Net margin fell 2.7 percentage points.
Filing receipts
“Sales and Marketing Expenses Sales and marketing expenses consisted of the following for the periods presented (in thousands): For the Three Months Ended June 30, For the Six Months Ended June 30, 2026 2025 % Change 2026 2025 % Change Payroll and related costs $ 116,547 $ 96,275 21 % $ 225,070 $ 188,639 19 % Stock-based compensation 26,456 22,263 19 51,437 44,703 15 Marketing programs and related costs 16,280 16,554 (2) 32,403 27,769 17 Other expenses 10,762 11,147 (3) 18,197 19,259 (6) Total sales and marketing $ 170,045 $ 146,239 16 % $ 327,107 $ 280,370 17 % As a percentage of revenue 15 % 14 % 15 % 14 % The increase in sales and marketing expenses during the three and six months ended J...”
“Amortization of Acquired Intangible Assets For the Three Months Ended June 30, For the Six Months Ended June 30, (in thousands) 2026 2025 % Change 2026 2025 % Change Amortization of acquired intangible assets $ 25,089 $ 27,721 (9) % $ 50,276 $ 55,358 (9) % As a percentage of revenue 2 % 3 % 2 % 3 % The decrease in amortization of acquired intangible assets for the three and six months ended June 30, 2026, as compared to the same periods in 2025, was primarily due to a decrease in the value of acquired intangible assets as a result of impairments of certain completed technologies recognized in the fourth quarter of 2025.”
“Cash Provided by Investing Activities For the Six Months Ended June 30, (in thousands) 2026 2025 Cash (paid) received for business acquisitions, net of cash acquired $ (37) $ 790 Cash paid for asset acquisition — (29,930) Purchases of property and equipment and capitalization of internal-use software development costs (417,600) (419,789) Net marketable securities activity (2,153,020) 649,430 Other, net (3,102) (6,521) Net cash (used in) provided by investing activities $ (2,573,759) $ 193,980 The increase in cash used in investing activities during the six months ended June 30, 2026, as compared to the same period in 2025, was primarily due to an increase in purchases of marketable securiti...”
Point-in-time filing assessment published from the live pipeline.
Business ecosystem
The relationships behind AKAM
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
Depended on by
FSLYFastly, Inc.competitorMay 6, 2026 ▾
“We segment the competitive landscape into six key categories: 19 • Legacy CDN platform solutions like Akamai; • Application and API security vendors like Akamai, Cloudflare, F5, and Thales (Imperva); • Point CDN players like Bunny CDN, CDNetworks, CDN77, and…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 2 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
AKAM is currently a Participant in the organic co-movement group Technology-Heavy Mixed. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for AKAM; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.