AKAMAI TECHNOLOGIES INC

AKAMInfrastructure

Akamai is one of the oldest names in making the internet fast and safe.

Key figures

Data as of Jun 2026 · Pills compare vs Mar 2026

ARR Multiple

3.6x

-0.3x

ARR

$4.4B

+2.4%

YoY Growth

5.4%

-0.4pp

Market Cap

$15.6B

-7.9%

Revenue (Q)

$1.1B

+2.4%

Gross Margin

55.8%

-0.3pp

Op. Margin

7.3%

-2.7pp

Rule of 40

12.7

-3.1

Magic Number

0.66

+1.23

Revenue, margins & ratios from SEC filings; market cap & ARR multiple from market data. Market cap & ARR multiple use the close of 2 Oct 2026; their pills compare vs the Jun 2026 quarter-end (3.9x).

Valuation by quarter

Current ARR Multiple: 3.9x· Forward at Q3 FY2026 guidance: 3.8x

Calculated valuation

FRAMEWORK EST.

Valuation data is not available for this company.

Strategy recommendations

Levers ranked by valuation impact

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AI Replacement RiskLOW

6/ 100

LowModerateElevatedHigh

Estimated likelihood that general-purpose AI replaces this product.

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Why this rating

From the AI Risk Calculator model

Structural moats (regulation, integration depth, or proprietary data) make AI-only replacement unlikely in the near term.

What's driving the score

InfrastructureCategory baseline

low base

Workflow complexity5/5

-12 risk

Data moat3/5

-1 risk

Integration depthHigh

-10 risk

SegmentEnterprise

-8 risk

IndustryOther

neutral

Own AI integration1/5

+4.8 risk

Ways to reduce exposure

Embedding AI into your product is the cheapest way to ride the wave instead of being drowned by it. Even table-stakes copilots reframe the conversation with customers.

Company overview

Akamai is one of the oldest names in making the internet fast and safe. It grew out of MIT research and launched in 1998. Its home is Cambridge, Massachusetts.

For years Akamai meant one thing. Content delivery. It spread copies of websites and videos across thousands of servers worldwide so pages loaded quickly no matter where you sat. A huge share of global web traffic still flows through its network.

The company saw that content delivery would slowly commoditize. So it built two new engines for growth. Security came first. Akamai now blocks massive attacks, filters malicious bots, and guards apps and APIs for banks, retailers, and governments. Its Guardicore purchase added tools that stop threats from spreading inside a network.

Compute came next. Akamai bought Linode and turned its giant footprint into a cloud platform for running workloads close to users. Picture a game studio that needs low latency for players on six continents. Akamai can place compute near each region so the game feels snappy everywhere.

Revenue runs around $4 billion a year. Security and compute now drive most of the growth, while delivery provides a steady base. Akamai is a rare tech firm that reinvented itself twice and kept its footing through each shift.