Fastly Shares Sink 30% After Earnings Beat and Raised 2026 Outlook
Fastly reported first-quarter revenue of $173 million, up 20% from a year earlier, as security revenue rose 47% to $38.8 million and network services revenue increased 11% to $126.2 million. The company said its GAAP net loss narrowed to 13 cents a share from 27 cents a year earlier, while non-GAAP net income was 13 cents a diluted share, versus a non-GAAP loss of 5 cents a diluted share a year earlier.
The results exceeded cited estimates of about $170.3 million in revenue and 8 cents a share in adjusted earnings. Fastly projected full-year 2026 revenue of $710 million to $725 million and adjusted EPS of $0.27 to $0.33, with second-quarter revenue of $170 million to $176 million and adjusted EPS of $0.05 to $0.08. Shares fell almost 30% in after-hours trading following the report.
From the sources (3 posts)
@alphasenseinc$FSLY Earnings: - Total revenue of $173.0 million, representing 20% year-over-year growth. Network Services revenue of $126.2 million, representing 11% year-over-year growth. - Security revenue of $38.8 million, representing 47% year-over
@stockmktnewzFastly $FSLY stock is down by almost 30% in after hours following its earnings 🔴🔴🔴🔴🔴🔴
@wallstengine$FSLY Q1’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $173.0M (Est. $170.26M) 🟢; +20% YoY 🔹 Adj. EPS: $0.13 (Est. $0.08) 🟢 🔹 Security Revenue: $38.8M; +47% YoY 🔹 RPO: $369M; +63% YoY 🔹 Non-GAAP Gross Margin: 65.1% FY26 Guide: 🔹 Revenue: $710.0M-$725