AKAMAI REPORTS SECOND QUARTER 2025 FINANCIAL RESULTS

Core Insights - Akamai Technologies reported a second quarter revenue of $1.043 billion, representing a 7% year-over-year increase and a 6% increase when adjusted for foreign exchange [1][2] - The company experienced significant growth in its Cloud Infrastructure Services, with revenue reaching $71 million, up 30% year-over-year and 29% when adjusted for foreign exchange [1][2] - GAAP net income per diluted share was $0.71, down 17% year-over-year, while non-GAAP net income per diluted share was $1.73, up 9% year-over-year [1][4] Financial Performance - Revenue for the second quarter was $1.043 billion, a 7% increase from $980 million in the same quarter of 2024 [2] - GAAP income from operations was $151 million, a 2% increase from the previous year, with a GAAP operating margin of 15% [3] - Non-GAAP income from operations was $309 million, a 10% increase year-over-year, with a non-GAAP operating margin of 30%, up 1 percentage point from the previous year [3][4] Income and Earnings - GAAP net income was $104 million, a 21% decrease from the second quarter of 2024, while non-GAAP net income was $251 million, up 4% year-over-year [4] - Adjusted EBITDA was $444 million, reflecting a 9% increase from the same quarter in 2024 [4] Cash Flow and Share Repurchases - Cash from operations for the second quarter was $459 million, representing 44% of revenue [5] - The company repurchased $300 million worth of its common stock, acquiring 3.9 million shares at an average price of $77.51 per share [5] Revenue Guidance - For the third quarter and full year 2025, Akamai expects security revenue to be $552 million, up 11% year-over-year, while delivery revenue is projected to be $320 million, down 3% year-over-year [6] - Cloud computing revenue is anticipated to reach $171 million, up 13% year-over-year, with U.S. revenue expected to be $528 million, up 4% year-over-year [6] Revenue Breakdown - Security revenue for the second quarter was $551.9 million, up 11% year-over-year, while delivery revenue was $320.1 million, down 3% [18] - Cloud computing revenue was $171.5 million, reflecting a 13% increase year-over-year [18] - U.S. revenue was $527.6 million, up 4% year-over-year, and international revenue was $515.9 million, up 10% year-over-year [19]