NASDAQ$AKAM

Akamai Technologies · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Akamai's Q2 2022 financial performance reflected solid results amidst a challenging macro-economic environment, driven by strong growth in security and compute product groups.

Akamai Technologies reported a 6% year-over-year increase in revenue, reaching $903 million in the second quarter of 2022. The growth was primarily driven by the security and compute product groups, which grew 26% year-over-year and represented 54% of total revenue. GAAP EPS was $0.74, and non-GAAP EPS was $1.35.

  • Second quarter revenue reached $903 million, a 6% increase year-over-year (9% when adjusted for foreign exchange).
  • Security and compute revenue grew 26% year-over-year (30% when adjusted for foreign exchange), representing 54% of total revenue.
  • GAAP EPS was $0.74, a 21% decrease year-over-year (15% when adjusted for foreign exchange). Non-GAAP EPS was $1.35, a 5% decrease year-over-year (flat when adjusted for foreign exchange).
  • Akamai spent $165 million to repurchase 1.6 million shares of its common stock.

Headline financials

Total Revenue

$903M

Previous: $853M+5.9%
EPS (adj)

$1.35

Previous: $1.42-4.9%
Capital Expenditures

-$125M

Previous: -$194M+35.6%
Free Cash Flow

-$5.68M

Previous: -$38M+85.0%
Net Income

$120M

Previous: $156M-23.6%
Operating Income

$175M

Previous: $199M-12.2%
Gross Profit

$557M

Previous: $533M+4.5%
Cash & Equivalents

$427M

Previous: $581M-26.6%
Total Assets

$8.21B

Previous: $7.92B+3.7%
Stock-Based Comp

$51.9M

Previous: $50.5M+2.8%

Revenue & EPS history

Akamai · Revenue · Quarterly

$903M

Q2 2022+5.9%vs Q2 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Akamai · $798M total across 2 segments · Q2 2022

  • Delivery Revenue
    $417M-21.0%
  • Security Revenue
    $381M+17.2%

Forward guidance

No specific forward guidance was provided in the release.

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 Q2 2022

Historical avgQ2 2022

-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

Earnings price reactions
QuarterReport dateReaction (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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