secwatch.observer — SEC 8-K summary
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Issuer:     AKAMAI TECHNOLOGIES INC (AKAM)
CIK:        0001086222
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001086222-24-000197
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Akamai Q2 revenue $980M (+5% YoY); security/compute grow 17%, delivery down 13%
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- GAAP EPS $0.86 (+2% YoY); non-GAAP EPS $1.58 (+6% YoY); cash from ops $431M (44% of rev).
- Security revenue $499M (+15% YoY); compute revenue $151M (+23% YoY); combined 66% of total.
- Delivery revenue $329M (-13% YoY); US revenue $509M (+6%), international $471M (+3%).
- Q3 guide: rev $988M-$1,008M; non-GAAP EPS $1.56-$1.62. FY24 rev $3,970M-$4,010M; EPS $6.34-$6.47.
- Repurchased $128M of stock in Q2 at avg $94.29; 152M shares outstanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1086222/000108622224000197/0001086222-24-000197-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1086222/000108622224000197/akam-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001086222-24-000197

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer