NASDAQ$AKAM
Akamai Technologies · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Akamai's Q1 2024 financial results were reported, showing revenue growth and increased profitability.
Akamai reported a revenue of $987 million, up 8% year-over-year. Security and compute solutions drove growth, representing 64% of total revenue and growing 22% year-over-year. GAAP net income per diluted share was $1.11, up 79% year-over-year, and non-GAAP net income per diluted share was $1.64, up 17% year-over-year.
- Revenue increased by 8% year-over-year, reaching $987 million.
- Security revenue grew by 21% year-over-year, amounting to $491 million.
- Compute revenue increased by 25% year-over-year, reaching $145 million.
- GAAP net income per diluted share rose by 79% year-over-year to $1.11.
Headline financials
Revenue & EPS history
Akamai · Revenue · Quarterly
$987M
Revenue by segment
Akamai · $835M total across 2 segments · Q3 2023
- Security Revenue$456M+20.2%54.6%
- Delivery Revenue$379M-3.6%45.4%
Forward guidance
Akamai's updated full year 2024 guidance reflects the impacts of the strengthening U.S. dollar, a large social media customer optimizing costs and slowing traffic growth across the industry, as well as increased full year expectations for our security and compute solutions
Tailwinds
- Security revenue growth rates year-over-year *15 %17 %
- Compute revenue growth rates year-over-year *21 %23 %
- Non-GAAP operating margin *28 %29 %
- Non-GAAP net income per diluted share *$1.51 $1.56
- Shares used in non-GAAP per diluted share calculations * (in millions)155 155
Headwinds
- Revenue (in millions)$967 $986
- Non-GAAP operating margin *28 %29 %
- Non-GAAP net income per diluted share *$1.51 $1.56
- Non-GAAP tax rate*19.0 %19.5 %
- Capex as a percentage of revenue *18 %19 %
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
-0.1%
Avg return
Earnings day
-0.6%
Avg return
5 days after
-0.5%
Avg return
30 days after
56%
40 / 71 earnings
Positive
+23.4%
Q2 2012
Best reaction
-21.7%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.8% | +4.8% | -4.5% | |
| Q4 2025 | -13.5% | +37.2% | +27.9% | |
| Q3 2025 | +14.7% | +23.4% | +14.4% | |
| Q1 2025 | -10.6% | -9.3% | -9.8% | |
| Q4 2024 | -21.7% | -18.8% | -17.3% | |
| Q3 2024 | -14.6% | -14.0% | -6.4% | |
| Q2 2024 | +9.6% | +9.0% | +4.2% | |
| Q1 2024 | -10.7% | -8.8% | -12.7% | |
| Q4 2023 | -10.4% | -14.8% | -15.0% | |
| Q3 2023 | +2.0% | +2.1% | +6.0% | |
| Q2 2023 | +8.0% | +9.5% | +9.2% | |
| Q1 2023 | +7.8% | +7.5% | +16.7% | |
| Q4 2022 | -10.6% | -12.1% | -17.6% | |
| Q3 2022 | +6.2% | +11.3% | +7.2% | |
| Q2 2022 | -0.4% | -0.4% | -6.4% | |
| Q1 2022 | -8.5% | -15.1% | -8.5% | |
| Q4 2021 | -5.2% | -9.3% | +4.1% | |
| Q3 2021 | +5.2% | +1.8% | +5.3% | |
| Q2 2021 | -5.5% | -3.6% | -5.0% | |
| Q1 2021 | +1.4% | +3.5% | +7.0% | |
| Q4 2020 | -10.4% | -13.4% | -17.3% | |
| Q3 2020 | -8.2% | -10.3% | -2.2% | |
| Q2 2020 | -3.5% | -1.9% | -0.5% | |
| Q1 2020 | -5.0% | -7.0% | -0.2% | |
| Q4 2019 | +1.8% | +4.1% | -16.4% | |
| Q3 2019 | -1.4% | -1.9% | -2.1% | |
| Q2 2019 | +5.5% | +5.7% | +7.0% | |
| Q1 2019 | +2.1% | +0.9% | -3.2% | |
| Q4 2018 | +2.7% | +2.3% | +6.1% | |
| Q3 2018 | +17.1% | +15.8% | +12.3% | |
| Q2 2018 | -4.9% | -0.9% | -0.8% | |
| Q1 2018 | -0.4% | +1.3% | +7.0% | |
| Q4 2017 | +2.7% | +2.1% | +19.5% | |
| Q3 2017 | +4.9% | +3.0% | +8.2% | |
| Q2 2017 | -13.1% | -10.5% | -13.6% | |
| Q1 2017 | -14.1% | -15.2% | -21.4% | |
| Q4 2016 | -8.8% | -8.3% | -7.9% | |
| Q3 2016 | +15.1% | +18.8% | +13.0% | |
| Q2 2016 | -12.8% | -12.7% | -5.8% | |
| Q1 2016 | +7.4% | — | — | |
| Q4 2015 | +17.0% | — | — | |
| Q3 2015 | -16.5% | — | — | |
| Q2 2015 | +2.2% | — | — | |
| Q1 2015 | -2.5% | — | — | |
| Q4 2014 | +4.6% | — | — | |
| Q3 2014 | +4.7% | — | — | |
| Q2 2014 | +0.0% | — | — | |
| Q1 2014 | +0.2% | — | — | |
| Q4 2013 | +23.0% | — | — | |
| Q3 2013 | -13.7% | — | — | |
| Q2 2013 | +2.1% | — | — | |
| Q1 2013 | +19.8% | — | — | |
| Q4 2012 | -14.1% | — | — | |
| Q3 2012 | +5.6% | — | — | |
| Q2 2012 | +23.4% | — | — | |
| Q1 2012 | +4.6% | — | — | |
| Q4 2011 | -2.2% | — | — | |
| Q3 2011 | -4.9% | — | — | |
| Q2 2011 | +0.7% | — | — | |
| Q1 2011 | -1.3% | — | — | |
| Q4 2010 | +1.5% | — | — | |
| Q3 2010 | -4.2% | — | — | |
| Q2 2010 | +8.1% | — | — | |
| Q1 2010 | -0.6% | — | — | |
| Q4 2009 | +4.4% | — | — | |
| Q4 2007 | +4.4% | — | — | |
| Q3 2008 | +2.5% | — | — | |
| Q3 2009 | +2.5% | — | — | |
| Q4 2008 | +0.1% | — | — | |
| Q2 2008 | +0.1% | — | — | |
| Q2 2009 | +0.1% | — | — |
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