AKAMAkamai Technologies, Inc.

“Today, we are very excited to announce another major milestone for our cloud computing strategy and the evolution of Akamai Technologies, Inc.: the signing of a landmark seven-year $1.8 billion commitment for our cloud infrastructure services by a leading frontier model company.”

“driven by today's announced $1.8 billion win, the $200 million four-year CIS deal we announced last quarter, and our rapidly accelerating pipeline, we now expect total company annual top-line revenue growth to reach double digits in 2027.”

“we expect to spend a total of approximately $800 million to $825 million over the next twelve months to support this customer. We expect to deploy roughly $700 million of that total in 2026, with the remaining balance falling into 2027.”

“This is the largest customer deal in Akamai Technologies, Inc. history, and it comes on the heels of the $200 million CIS deal we announced in February with a major U.S. tech company also at the forefront of the AI revolution.”

“we anticipate our full year capital will be approximately 40% to 42% of total revenue, including the $700 million impact from the $1.8 billion contract we mentioned earlier.”

“For cloud infrastructure services, we are raising our outlook to at least 50% year-over-year growth in constant currency.”

“All the CapEx we need to satisfy the $1.8 billion deal is in the guidance—separate from my comment around potential additional GPU purchases tied to the broader pipeline. Demand is very strong with opportunities ranging from a couple hundred GPUs to a thousand or more per customer. The last incremental GPU order we discussed was around $250 million in CapEx; I do not have a size for a potential next order yet.”

“since the start of the year, a leading cloud and digital infrastructure provider in Asia chose our GPUs to support their low-latency live streaming media service. An AI company in the U.S. chose our GPU platform to power their voice-first solution to optimize business operations. An AI-powered video intelligence platform in India chose our GPU platform to scale video analytics and computer vision workloads for retailers. A consumer AI platform in the U.S. chose Akamai Technologies, Inc. Cloud to run and scale live personalized agents. An AI commerce company in India chose our distributed inference platform to power their ad personalization engine.”

“There are real advances in AI, and it is getting much better at finding vulnerabilities and helping attackers penetrate enterprises and take over devices. You need our defenses now more than ever. There are billions of devices that you cannot patch, and the adversary can find ways into those devices and take them over. We are seeing much bigger attacks than before—application layer attacks from millions of distributed IPs with millions of attacks per second.”

“The Inference Cloud covers all of our 4,300 locations with functions as a service running in a serverless way in all 4,300. We have our managed container service running in well over 100 cities and can run in all 700 cities; it is active in well over 100 today. We have full IaaS capabilities in several dozen cities, and a couple dozen of those are equipped with the new 6000-series GPUs.”

“The goal has been to deploy a distributed inference and compute platform that would be desired by enterprises across the spectrum, including many large customers. Akamai Technologies, Inc.'s customer base features many of the world's largest enterprises; they spend 10x or more on compute than they do on our traditional delivery and security services.”

“Because AI is enabling attackers to take over more devices and create enormous bot armies, we are now seeing attacks with unprecedented volumes. Just in the last few weeks, we neutralized a series of app-layer attacks with millions of malicious requests per second from millions of widely distributed IPs.”

“Our current pipeline for GPUs significantly exceeds our existing and projected inventory, meaning we may place additional GPU orders in the second half of the year to meet this demand. This is not factored into our current annual CapEx guide.”

“For Q2, CapEx is expected to jump significantly as we start to take delivery of the NVIDIA GPUs we discussed on our last quarterly earnings call, and we catch up on some of the CapEx that pushed from Q1 into Q2.”

“At GTC in March, we unveiled the industry's first global-scale implementation of NVIDIA's AI grid, and we announced the rollout of thousands of NVIDIA RTX Pro 6000 GPUs.”

“yes, we do compete with the hyperscalers and the neo-clouds with our cloud infrastructure services. That is the primary competition. They select Akamai Technologies, Inc. because of our proven ability to manage and scale complex distributed systems, our ability to get the necessary data center space in locations around the globe, to interconnect that with the world's largest and best-performing delivery network and leading security solutions.”

“I do not think I have ever seen the CSOs more agitated and feeling more of a sense of urgency than they are now. Over the last several weeks, couple of months, I have had the chance to meet with a lot of the world's biggest company CSOs, in many cases the CEOs and senior executives, and they are very concerned about what happens when the attackers get access to advanced AI with the latest AI frontier models, which it seems that they will.”

“in general with inference and AI, you need both CPU and GPU. Part of the value we provide is that we can help provide the computational resource that is most appropriate for the workload, which might be CPU or might be GPU, because you want to be as efficient as possible and have it be as close as possible to the user so you get the best performance.”

“AI and agents are a whole new vulnerability surface, and there is a real tailwind for our security technology group. There will be some delivery traffic that used to be human-generated now agent-generated, but that does not make a huge swing in bits delivered unless agents are dealing with video or generating video, which can drive a lot of traffic.”

“yes, they very much rely on our distributed platform, where you want to get the agents and the applications, the business logic, close to users and close to the data so you get low latency and scalability. Particularly anything to do with video processing or video generation needs a lot of scale, and Akamai Technologies, Inc. is unique there.”

“our large and very experienced human security operations team that is equipped with the latest AI tools to enhance visibility and minimize response times, and our innovative, rapidly evolving and AI-enabled product suite to help prevent penetrations and to limit the damage when penetrations do occur.”

“By integrating NVIDIA AI infrastructure into Akamai Technologies, Inc.'s massive distributed platform and by leveraging intelligent workload orchestration across our network, we intend to move the market for AI beyond isolated AI factories toward a unified, distributed grid for AI inference.”

“Frontier models are changing vulnerability management, and we are proud to be one of the industry's must-have security providers partnering with the frontier model companies to help ensure the safe, rapid deployment of AI-enhanced defenses.”

“we have signed contracts across the spectrum for our inference cloud and our cloud capabilities for both GPUs and CPUs. Our value is bringing the right hardware for the application and placing it where you get the best benefit.”

“Our WAF, in particular, is seeing growing interest from customers eager to deploy the latest defenses for vulnerabilities that could be exposed by the ever-strengthening frontier models and AI-powered attacks.”

“We partner with OpenAI on security vulnerabilities, helping define them and protecting our customers for the associated attacks, but OpenAI is not and has not been a customer of Akamai Technologies, Inc.”

“Our orchestration layer is designed to make that possible, aligned with the AI grid vision from NVIDIA—think of AI like an electrical grid, and that is what Akamai Technologies, Inc. is building.”

“Now we are leveraging our global footprint and years of experience supporting the world's largest enterprises to become an industry infrastructure provider for the AI-driven economy.”

“By bringing powerful compute directly to the data and the users at the edge, Akamai Technologies, Inc. is enabling and securing the next generation of agentic AI.”

“Even more encouraging, the pipeline for AI-specific use cases is building rapidly.”