Latest revenue
$1.07B
as of 2026-03-31
Latest net income
$106.3M
as of 2026-03-31
Net margin
9.9%
as of 2026-03-31
ActaClear Score
Computed from 5 years of SEC fundamentals + latest market data, ranked within Services-Business Services, NEC (109 peers). 10 = best in industry, 5 = median, 0 = worst. Refreshed Jun 7, 2026.
Fair value · DCF
DCF: 10-year forecast of free cash flow, discounted at the company's WACC, with a Gordon-growth terminal at year 10. FCF is proxied by last fiscal-year net income (proper FCF needs CFO − CapEx by year, which we don't store yet). Drag the slider to test your own growth thesis — the dominant assumption in any DCF is what comes next, not what the math does with it. Beta defaults to 1.0 when not reported.
Community sentiment
Where do you think AKAM is heading?
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $24.30B
- Enterprise value
- $27.79B
- P/E (trailing)
- 53.8×
- Forward P/E
- —
- P/B
- 4.95×
- Dividend yield
- 0.0%
- 52-wk high
- $165.45
- 52-wk low
- $69.78
- Beta
- —
- Shares out
- 162.8M
5-year trend
What this company does
Akamai runs a global edge network that speeds up websites, blocks cyberattacks, and hosts cloud computing workloads close to end users. It earns revenue by charging enterprises subscription and usage fees for content delivery, security products like DDoS and bot protection, and its newer cloud compute services. The company is pivoting away from its legacy CDN business toward higher-growth security and cloud infrastructure, while aggressively buying back stock and refinancing convertible debt, with Q3 revenue up 5% to $1.05 billion.
Generated from AKAM's filing dated 2026-02-20
Key risks
- Convertible debt ballooned to $4.10B from $2.40B; $1.15B notes refinanced with new issuance plus $606M note hedge and warrants.
- Aggressive buybacks ($800M YTD) and capex are eroding liquidity: marketable securities fell from $1.35B to $885M.
- Margin pressure: cost of revenue up 6% and effective tax rate jumped to 26% from 15%, with interest expense rising on larger debt load.
Generated from AKAM's filing dated 2026-02-20
Profitability
Operating margin
13.5%
0.8%Net margin
10.7%
15.1%Return on equity
9.1%
17.3%Return on assets
3.9%
19.1%Leverage
Debt / equity
1.31×
4.1%Long-term debt / equity
0.82×
58.2%Debt / assets
56.6%
1.8%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $1.07B | +5.8% | $106.3M | -13.7% | 9.9% |
Q4 2025 2025-12-31 | $1.09B | +7.4% | $85.1M | -39.2% | 7.8% |
Q3 2025 2025-09-30 | $1.05B | +5.0% | $140.2M | +142.1% | 13.3% |
Q2 2025 2025-06-30 | $1.04B | +6.5% | $103.6M | -21.3% | 9.9% |
Q1 2025 2025-03-31 | $1.02B | +2.9% | $123.2M | -29.8% | 12.1% |
Q4 2024 2024-12-31 | $1.02B | — | $139.9M | — | 13.7% |
Q3 2024 2024-09-30 | $1.00B | +4.1% | $57.9M | -63.9% | 5.8% |
Q2 2024 2024-06-30 | $979.6M | +4.7% | $131.7M | +2.2% | 13.4% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Services-Business Services, NEC · SIC 7389
Your notes
Keep private notes on AKAM — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$3.8M
Insider selling
$16.5M
Net activity
−$12.6M
Distinct insiders
12
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns AKAM
Institutional value
$9.73B
Total shares held
87.7M
Distinct holders
507
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 10.4M | $1.20B | — | New |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 9.4M | $1.08B | — | New |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 7.5M | $864.4M | — | New |
| 4 | Capital World Investors | 6.8M | $776.9M | — | New |
| 5 | FIRST TRUST ADVISORS LP | 4.8M | $549.0M | — | New |
| 6 | Invesco Ltd. | 3.5M | $399.6M | — | New |
| 7 | DIMENSIONAL FUND ADVISORS LP | 3.5M | $397.9M | — | New |
| 8 | Bank of New York Mellon Corp | 3.2M | $366.3M | — | New |
| 9 | Voya Investment Management LLC | 2.5M | $282.6M | — | New |
| 10 | EDMOND DE ROTHSCHILD HOLDING S.A. | 2.4M | $278.7M | — | New |
| 11 | NORDEA INVESTMENT MANAGEMENT AB | 2.4M | $272.0M | — | New |
| 12 | WELLS FARGO & COMPANY/MN | 2.0M | $225.0M | — | New |
| 13 | Legal & General Group Plc | 1.8M | $208.0M | — | New |
| 14 | WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 1.6M | $185.9M | — | New |
| 15 | MACKENZIE FINANCIAL CORP | 1.4M | $166.3M | — | New |
| 16 | Vontobel Holding Ltd. | 1.3M | $153.4M | — | New |
| 17 | Champlain Investment Partners, LLC | 1.1M | $129.2M | — | New |
| 18 | Nuveen, LLC | 1.1M | $123.1M | — | New |
| 19 | BANK OF MONTREAL /CAN/ | 857.7K | $98.5M | — | New |
| 20 | UBS Group AG | 851.6K | $97.8M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Convertible debt jumped to $4.1B from $2.4B while you bought $800M of stock—why lever up to buy back shares at these levels?
- 2
Q3 revenue grew only 5% YoY despite Linode/security investments; when does Delivery stabilize and what's the actual compute growth rate?
- 3
Operating margin ex-restructuring barely expanded YoY; with SBC running $340M YTD, how do you defend true cash profitability?
Refreshed when AKAM files a new report · last from 2026-02-20
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