Akamai shares rise 20% following earnings report and AI infrastructure deal

May 8, 2026

AI Summary

Akamai Technologies' stock increased by 20% after the company announced a $1.8 billion deal for AI infrastructure and reported first-quarter earnings that met expectations. The firm also noted significant growth in its cloud services and anticipates continued revenue increases in the upcoming quarter.

Akamai's stock surged 20% after announcing a $1.8 billion deal with an unnamed AI company for cloud infrastructure services over seven years.
The company reported first-quarter revenue of over $1 billion, a 6% increase year-over-year, with cloud infrastructure services revenue rising 40% to $95 million.
Security revenue increased by 11% to $590 million, while revenue from delivery and other cloud applications fell 7% to $389 million.
Akamai projects second-quarter revenue between $1.08 billion and $1.1 billion, with adjusted net income per share expected to be between $1.45 and $1.65.
The company is focusing on expanding its cloud infrastructure to support rising demand for AI workloads and aims to enhance its position in the AI market alongside competitors like OpenAI and Anthropic.
Akamai operates a distributed platform across 4,300 locations in 130 countries, which it leverages for content delivery, cybersecurity, and cloud infrastructure services.

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Akamai shares rise 20% following earnings report and AI infrastructure deal

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