Q2 26 EPS Adjusted
$0.15
BEAT +126.24%
Est. $0.07
Q2 26 Revenue
$183.3M
BEAT +5.40%
Est. $173.9M
vs S&P Since Q2 26
+14.1%
BEATING MARKET
FSLY +15.1% vs S&P +1.0%
Market Reaction
Did FSLY Beat Earnings? Q2 2026 Results
Fastly, Inc. Delivered a standout second quarter for fiscal 2026, beating Wall Street on both the top and bottom lines and extending its streak of consensus EPS beats to five consecutive quarters. The edge cloud company posted adjusted non-GAAP EPS o… Read more Fastly, Inc. Delivered a standout second quarter for fiscal 2026, beating Wall Street on both the top and bottom lines and extending its streak of consensus EPS beats to five consecutive quarters. The edge cloud company posted adjusted non-GAAP EPS of $0.15, well ahead of the $0.07 consensus estimate, while revenue climbed 23.3% year over year to $183.32 million, topping the $173.92 million estimate by 5.40%. The most compelling driver behind the results was a dramatic swing in profitability, with non-GAAP operating income reaching $26.99 million compared to a loss of $4.59 million in the year-ago period, as gross margin expansion and operating leverage took hold across the platform. Security revenue grew 43% year over year to $41.70 million, underscoring the broadening product mix. Management raised its full-year 2026 revenue outlook to $732.00 million to $746.00 million and guided non-GAAP EPS of $0.50 to $0.54, signaling continued confidence as AI-driven traffic, growing 6.5 times faster than human traffic, increasingly flows through Fastly's network.
Key Takeaways
- • Security revenue grew 43% YoY, now representing 23% of total revenue
- • LTM net retention rate increased to 117%, the highest level in over three years
- • RPO grew 38% YoY to $341 million
- • Non-GAAP gross margin expanded to 65.8% from 59.0% YoY
- • Platform strategy driving cross-sell momentum
FSLY Forward Guidance & Outlook
Fastly raised its full-year 2026 guidance: total revenue of $732.0–$746.0 million, non-GAAP operating income of $88.0–$96.0 million, and non-GAAP net income per diluted share of $0.50–$0.54 (assuming 180.3 million weighted average diluted shares). For Q3 2026, the company guides total revenue of $184.0–$190.0 million, non-GAAP operating income of $20.0–$24.0 million, and non-GAAP net income per diluted share of $0.11–$0.13 (assuming 181.4 million weighted average diluted shares).
FSLY YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
FSLY Revenue by Segment
With YoY comparisons, source: SEC Filings
“Record second quarter results reflect strong execution and the deep trust customers place in our technology and our teams.”
— Kip Compton, Q2 2026 Earnings Press Release
FSLY Earnings Trends
FSLY vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
FSLY EPS Trend
Earnings per share: estimate vs actual
FSLY Revenue Trend
Quarterly revenue: estimate vs actual
FSLY Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.07 | $0.15 | +126.24% | $183.3M | +5.40% |
| Q1 26 BEAT | $0.09 | $0.13 | +50.29% | $173.0M | +0.72% |
| Q4 25 BEAT FY | $0.06 | $0.12 | +109.06% | $172.6M | +6.97% |
| FY Full Year | $0.06 | $0.13 | +135.93% | $624.0M | +1.83% |
| Q3 25 BEAT | $0.00 | $0.07 | +34,900.00% | $158.2M | +4.76% |
| Q2 25 BEAT | $-0.05 | $-0.03 | +42.75% | $148.7M | +2.66% |
| Q1 25 BEAT | $-0.06 | $-0.05 | +19.61% | $144.5M | +4.39% |