secwatch.observer — SEC 8-K summary
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Issuer:     AKAMAI TECHNOLOGIES INC (AKAM)
CIK:        0001086222
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001086222-24-000214
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Akamai Q3 revenue $1.005B (+4% YoY); GAAP EPS $0.38, down 63%; guides Q4 revenue $995M-$1.02B
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- Revenue $1.005B, up 4% YoY; Security $519M (+14%), Compute $167M (+28%), Delivery $319M (-16%).
- GAAP net income $58M ($0.38 diluted EPS) down 64% YoY; Non-GAAP net income $244M ($1.59) down 3%.
- $82M restructuring charge primarily for severance and asset impairments from acquisitions.
- Q4 guidance: revenue $995M-$1.02B, non-GAAP EPS $1.49-$1.56; full-year non-GAAP EPS $6.31-$6.38.
- Cash from ops $393M (39% of revenue); repurchased 1.7M shares for $166M at avg $97.29.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1086222/000108622224000214/0001086222-24-000214-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1086222/000108622224000214/akam-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001086222-24-000214

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