NASDAQ$AKAM

Akamai Technologies · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported fourth quarter and full-year 2020 financial results.

Akamai's Q4 2020 revenue reached $846 million, a 10% increase year-over-year, with GAAP EPS at $0.68 and non-GAAP EPS at $1.33. The company's Cloud Security Solutions revenue exceeded $1 billion for the full year, growing 25% year-over-year. Akamai surpassed $3 billion in revenue and achieved record earnings per share for the full year.

  • Revenue for the fourth quarter was $846 million, up 10% year-over-year.
  • GAAP EPS for the fourth quarter was $0.68 and non-GAAP EPS was $1.33.
  • Cloud Security Solutions revenue for the fourth quarter was $296 million, up 24% year-over-year.
  • The company accomplished its 30% non-GAAP operating margin goal.

Headline financials

Total Revenue

$846M

Previous: $772M+9.6%
EPS (adj)

$1.33

Previous: $1.23+8.1%
Capital Expenditures

$119M

Previous: $90.9M+30.4%
Free Cash Flow

$173M

Previous: $191M-9.8%
Net Income

$113M

Previous: $119M-5.1%
Operating Income

$135M

Previous: $135M-0.2%
Gross Profit

$542M

Previous: $514M+5.5%
Cash & Equivalents

$353M

Previous: $394M-10.4%
Total Assets

$7.76B

Previous: $7.01B+10.8%
Stock-Based Comp

$50.5M

Previous: $46.9M+7.7%

Revenue & EPS history

Akamai · Revenue · Quarterly

$846M

Q4 2020+9.6%vs Q4 2019
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Akamai · $1.04B total across 3 segments · Q2 2025

  • Security
    $552M
  • Delivery
    $320M
  • Cloud Computing
    $171M

Forward guidance

Akamai expects to continue investing in innovation and new products with the goal of accelerating its market leadership in security, edge computing and video streaming in 2021.

Tailwinds

  • Continued investment in innovation
  • Focus on new products
  • Accelerating market leadership in security
  • Accelerating market leadership in edge computing
  • Accelerating market leadership in video streaming

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

-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
Q2 2025
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%
Q2 2009+0.1%
Q4 2008+0.1%
Q2 2008+0.1%

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