NASDAQ$AKAM

Akamai Technologies · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Akamai's Q3 2022 financial results were reported, showing revenue growth despite macroeconomic challenges.

Akamai reported a solid third quarter with revenue of $882 million, a 3% increase year-over-year. Security and compute revenue drove growth, representing 55% of total revenue with a 23% year-over-year increase.

  • Revenue reached $882 million, up 3% year-over-year (7% when adjusted for foreign exchange).
  • Security and compute revenue grew by 23% year-over-year (28% when adjusted for foreign exchange), comprising 55% of total revenue.
  • GAAP EPS was $0.68, a 37% decrease year-over-year (29% when adjusted for foreign exchange).
  • Non-GAAP EPS was $1.26, a 13% decrease year-over-year (7% when adjusted for foreign exchange).

Headline financials

Total Revenue

$882M

Previous: $860M+2.5%
EPS (adj)

$1.26

Previous: $1.45-13.1%
Capital Expenditures

-$176M

Previous: -$265M+33.6%
Free Cash Flow

-$67.9M

Previous: -$86.2M+21.3%
Net Income

$108M

Previous: $179M-39.6%
Operating Income

$160M

Previous: $205M-21.8%
Gross Profit

$535M

Previous: $543M-1.5%
Cash & Equivalents

$458M

Previous: $1.26B-63.8%
Total Assets

$8.11B

Previous: $8.12B-0.1%
Stock-Based Comp

$50.7M

Previous: $49M+3.4%

Revenue & EPS history

Akamai · Revenue · Quarterly

$882M

Q3 2022+2.5%vs Q3 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Akamai · $773M total across 2 segments · Q3 2022

  • Delivery Revenue
    $393M-25.2%
  • Security Revenue
    $380M+13.3%

Forward guidance

Akamai anticipates that subsequent events and developments may cause these expectations and beliefs to change. However, while Akamai may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so.

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 2022

Historical avgQ3 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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