Why Wall St. Picked Akamai Over Fastly
Two recent earnings reports from competing content delivery networking (CDN) vendors highlight growth in the popularity of these services for AI workloads while signaling key shifts in customer priorities.
Fastly and Akamai both delivered good first-quarter 2026 results—though slower growth combined with pricing-strategy differences pushed one into a selloff, while a large AI deal put the other in a winning position.
Fastly Falls Fast
Last month, Futuriom reported that Fastly (NASD: FSLY) stock was on fire. Now, it looks like that fire has been extinguished in a market upheaval.
In its May 6 earnings call for Q1 2026, Fastly reported a clear beat that represented the highest quarterly revenue in the company’s history—breaking revenue records set the previous quarter: Revenue of $173.02 million also was $1 million to $3 million over Wall St. expectations. EPS of $0.13 was above expectations. Adjusted gross margin was 65.1%, and remaining performance obligations (RPO) was $369 million, up 63% year-over-year (y/y).
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