Fastly
Accelerates content, runs edge code, and protects web applications and APIs.
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Profile
Provides programmable edge infrastructure for content delivery, serverless compute, web and API security, and real-time observability. Revenue is primarily usage-based, led by Network Services, and depends on traffic from a concentrated group of large customers.
Runs a programmable edge cloud that helps organizations deliver, secure, and execute software near end users. Network Services covers delivery, streaming, image optimization, load balancing, and object storage; Security protects web applications and APIs; Other combines serverless Compute with real-time Observability. Its global network gives developers programmatic control, rapid cache purging, and real-time visibility.
Earns most revenue from platform usage, while security products are primarily annual subscriptions. Customers include ecommerce, media, gaming, publishing, technology, and financial services, with most revenue billed to U.S. addresses. Network Services remains the largest product line. Revenue depends on a concentrated set of large customers, and service continuity depends on network hardware, colocation facilities, bandwidth providers, and cloud services.
Company facts
Categories
Key statistics
Year to date +126% · Average volume (30d) 5.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 6, 2026 | Piper Sandler | Reiterate | Neutral | $27 | $28 |
| Aug 6, 2026 | Raymond James | Reiterate | Outperform | $23 | $29 |
| May 8, 2026 | Raymond James | Target | $25 | $23 | |
| May 7, 2026 | RBC Capital | Reiterate | Sector Perform | $20 | $18 |
| May 7, 2026 | Keybanc | Reiterate | Overweight | $14 | $27 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.07 | $0.15 | +127.5% | $173.9M | $183.3M | +5.4% | −12.87% |
| May 6, 2026Q1 FY26 | $0.08 | $0.13 | +62.5% | $171.8M | $173.0M | +0.7% | −38.23% |
| Feb 11, 2026Q4 FY25 | $0.06 | $0.12 | +100.0% | $161.4M | $172.6M | +7.0% | +72.29% |
| Nov 5, 2025Q3 FY25 | $0.06 | $0.07 | +22.0% | $161.4M | $158.2M | −1.9% | +35.94% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $144.5M | $148.7M | $158.2M | $172.6M | $173.0M | $183.3M | |
| Gross profit | $76.8M | $76.3M | $92.3M | $106.0M | $108.2M | $116.0M | |
| Operating income | −$38.2M | −$36.5M | −$28.8M | −$14.9M | −$23.9M | −$14.4M | |
| Net income | −$39.1M | −$37.5M | −$29.5M | −$15.5M | −$20.5M | −$15.6M | |
| Diluted EPS | −$0.27 | −$0.26 | −$0.20 | −$0.10 | −$0.13 | −$0.10 | |
| Gross margin | 53.2% | 51.3% | 58.4% | 61.4% | 62.5% | 63.3% | |
| Operating margin | -26.4% | -24.6% | -18.2% | -8.6% | -13.8% | -7.9% |
Fiscal years (4-quarter sums)FY21 $354.3M · FY22 $432.7M · FY23 $506.0M · FY24 $543.7M · FY25 $624.0M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $337.5M · Total debt $398.3M · Total assets $1.50B · Shareholders' equity $990.8M
Dividends
No dividends on record.
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 156.50M · Float 145.30M · 92.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 15.22M | 9.73% | 13F | Aug 7, 2026 |
| FMR LLC | 11.89M | 7.60% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 9.81M | 6.27% | 13F | Aug 13, 2026 |
| Capital World Investors | 8.23M | 5.30% | 13G | Aug 12, 2026 |
| First Trust Advisors LP | 7.68M | 4.91% | 13F | Aug 11, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | Richard Wong | officer: CFO | −47,676 | $24.09 |
| Aug 18, 2026 | Scott R. Lovett | officer: President, Go to Market | −14,936 | $28.60 |
| Aug 18, 2026 | Richard Wong | officer: CFO | −148,015 | $28.61 |
| Aug 19, 2026 | Artur Bergman | director, officer: Chief Technology Officer | −31,687 | $24.72 |
| Aug 18, 2026 | Artur Bergman | director, officer: Chief Technology Officer | −32,387 | $28.60 |
Peers
- Cloudflare
Primary edge-cloud rival across delivery, security, and serverless compute
- Akamai Technologies
Largest CDN by capacity; head-to-head in delivery and enterprise security
- Amazon
AWS CloudFront bundles CDN and edge compute against the delivery base
- Alphabet Class A
Google Cloud CDN and Media CDN contest delivery and the media base
- F5
WAAP and app-security overlap on the fastest-growing security pillar
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Fastly | $23.04 | +0.09% | $3.61B | — | 45.2 | 5.2 | +23.3% |
| Cloudflare | $301.61 | +0.66% | $106.39B | — | 203.4 | 42.3 | +35.9% |
| Akamai Technologies | $107.02 | −0.39% | $15.62B | 38.7 | 15.6 | 3.6 | +5.4% |
| Amazon | $266.10 | −0.11% | $2.87T | 21.4 | 28.5 | 3.7 | +19.6% |
| Alphabet Class A | $346.00 | −0.14% | $4.19T | 17.4 | 25.8 | 9.4 | +24.2% |
| F5 | $393.00 | −0.36% | $22.24B | 31.4 | 22.7 | 6.7 | +10.9% |
| Median | 26.4 | 25.8 | 6.7 | +19.6% |