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Mar 31
Akamai Q1 2025 Earnings Report
Reported first quarter 2025 financial results
Key Takeaways
Akamai delivered a solid start to the year, meeting or exceeding expectations with first quarter revenue of $1.015 billion, up 3% year-over-year. Security and cloud computing revenue, representing 69% of total revenue, grew 10% year-over-year. Non-GAAP EPS was $1.70, up 4% year-over-year.
First quarter revenue was $1.015 billion, a 3% increase year-over-year.
Security revenue grew 8% year-over-year to $531 million.
Cloud computing revenue increased 14% year-over-year to $165 million.
Non-GAAP diluted EPS was $1.70, an increase of 4% compared to the first quarter of 2024.
Akamai
Akamai
Akamai Revenue by Segment
Akamai Revenue by Geographic Location
Revenue by Segment
Security Revenue
CapyFin.comDelivery Revenue
CapyFin.comCloud Computing Revenue
CapyFin.comRevenue by Geographic Location
U.S. Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
For the second quarter of 2025, Akamai expects revenue between $1.012 billion and $1.032 billion, and non-GAAP diluted EPS between $1.52 and $1.58. For the full year 2025, revenue is expected to be between $4.050 billion and $4.200 billion, with non-GAAP diluted EPS between $6.10 and $6.40.
Positive Outlook
- Q2 2025 Revenue guidance range of $1,012 - $1,032 million.
- FY 2025 Revenue guidance range of $4,050 - $4,200 million.
- Q2 2025 Non-GAAP diluted EPS guidance range of $1.52 - $1.58.
- FY 2025 Non-GAAP diluted EPS guidance range of $6.10 - $6.40.
- FY 2025 Non-GAAP tax rate guidance between 19% and 20%.
Challenges Ahead
- Non-GAAP operating margin expected to remain flat at 28% for Q2 and full year 2025.
- Capex as a percentage of revenue is guided higher for Q2 2025 (22%-23%) compared to Q1 2025 (22%).
- Guidance for non-GAAP measures cannot be reconciled to GAAP measures without unreasonable effort due to unpredictability of excluded items.
- Stock-based compensation is unpredictable for performance-based awards.
- Amortization of intangible assets, acquisition-related costs, and restructuring costs are impacted by unpredictable timing and size of future actions.