NASDAQ$AKAM

Akamai Technologies · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Akamai's Q3 2021 financial results were reported, demonstrating revenue growth and strong performance in the security business.

Akamai reported a revenue of $860 million, a 9% increase year-over-year. The Security Technology Group's revenue grew by 26%, while the Edge Technology Group remained flat. GAAP EPS was $1.08, and non-GAAP EPS was $1.45.

  • Third quarter revenue reached $860 million, a 9% increase year-over-year.
  • Security Technology Group revenue grew by 26% year-over-year, reaching $335 million.
  • GAAP EPS increased by 14% year-over-year to $1.08, while non-GAAP EPS increased by 11% to $1.45.
  • The Board of Directors authorized a new $1.8 billion share repurchase program.

Headline financials

Total Revenue

$860M

Previous: $793M+8.5%
EPS (adj)

$1.45

Previous: $1.31+10.7%
Capital Expenditures

-$265M

Previous: -$396M+33.0%
Free Cash Flow

-$86.2M

Previous: -$237M+63.6%
Net Income

$179M

Previous: $159M+12.8%
Operating Income

$205M

Previous: $181M+13.3%
Gross Profit

$543M

Previous: $509M+6.7%
Cash & Equivalents

$1.26B

Previous: $743M+70.3%
Total Assets

$8.12B

Previous: $7.51B+8.0%
Stock-Based Comp

$49M

Previous: $50.2M-2.4%

Revenue & EPS history

Akamai · Revenue · Quarterly

$860M

Q3 2021+8.5%vs Q3 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Akamai · $861M total across 2 segments · Q3 2021

  • Delivery Revenue
    $526M
  • Security Revenue
    $335M+25.9%

Forward guidance

No 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 Q3 2021

Historical avgQ3 2021

-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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