AKAM
LONGINSIDER SELLCONGRESS BUYAKAMAI TECHNOLOGIES INC
Research: Finviz ↗·Perplexity ↗
🗄 Viewing archived Q1 2026 data — frozen, no longer refreshed.
News Summary
NeutralAkamai delivered solid earnings beats in Q1-Q2 2026 with accelerating Cloud Infrastructure Services growth (39-40% YoY), driven by major AI infrastructure contracts including a landmark $1.8B deal and a new $600M robotics contract. However, the company faces significant near-term headwinds: margin compression to mid-20s, capital intensity at ~40% of revenue, paused buybacks, and a $0.12 EPS dilution from the LayerX acquisition, while guidance reflects only modest 5-6% near-term growth despite management's projection of low-teens acceleration in 2027.
Red flags
- •Non-GAAP net income declined 8% YoY in Q2 despite revenue growth, signaling margin pressure
- •Operating margins contracted significantly (GAAP diluted EPS fell 27% in Q2)
- •Capital expenditures projected at ~40% of revenue for 2026, constraining free cash flow and necessitating pause in share repurchases
- •LayerX acquisition expected to dilute 2026 EPS by $0.12 with no meaningful revenue contribution
- •Near-term revenue guidance of only 5-6% growth conflicts with investment thesis; major $600M robotics deal will not materially contribute until 2027
Funds Buying (3)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| Point72 | Steve Cohen | 3.3M | +733K | $379M | <0.1% | +29% | Existing |
| Sachem Head Capital | Scott Ferguson | 235K | +235K | $27M | 0.7% | — | NEW |
| Glenview Capital | Larry Robbins | 156K | +156K | $18M | 0.5% | — | NEW |
Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter. % of Fund is the position's share of the fund's reported equity portfolio — it drives the size weighting in the conviction score.
Portfolio Context
Where AKAM ranks in each buying fund's book, and the positions immediately around it. What a holding sits next to often says more about the thesis than the position size does.
position #14 of this fund's book
- 11META PLATFORMS INC$520M
- 12SPOTIFY TECHNOLOGY S A$444M
- 13RTX CORPORATION$395M
- 14AKAMAI TECHNOLOGIES INC$379M
- 15BLOCK INC$379M
- 16MKS INC.$370M
- 17HOME DEPOT INC$369M
position #19 of this fund's book
- 16Bitdeer Technologies Group$83M
- 17Invesco Exchange Traded FD T$38M
- 18Sprinklr Inc$34M
- 19Akamai Technologies Inc$27M
position #37 of this fund's book
- 34SURGERY PARTNERS INC$21M
- 35DIGITALOCEAN HLDGS INC$21M
- 36BAKER HUGHES COMPANY$19M
- 37AKAMAI TECHNOLOGIES INC$18M
- 38INTEL CORP$18M
- 39BIOGEN INC$10M
- 40PRIMO BRANDS CORPORATION$10M
Values are quarter-end position sizes. Shown only for funds where AKAM ranks inside their 40 largest equity positions — below that, neighbouring names carry no signal. Adjacency is an inference about a fund's reasoning, not a disclosure of it.
Signal History
| Quarter | Direction | Funds | Score | vs SPY |
|---|---|---|---|---|
| Q2 2026 | SHORT | 3 | 1.89 | -9.0% |
| Q1 2026 | LONG | 3 | 2.58 | -10.8% |
Same issuer appearing in consecutive quarters — persistent institutional conviction. Returns are frozen at each archived quarter's last refresh.
Insider Activity
Beneficial Ownership (13D/13G)
| Filer | Form | Shares | % of Class | Filed | Src |
|---|---|---|---|---|---|
| BlackRock, Inc. | SC 13G/A | 10.0M | 7.0% | 2026-01-21 | ↗ |
SC 13D = active intent to influence control (10-day filing deadline after crossing 5%). SC 13G = passive accumulation, no intent to influence control.
Congressional Trading
| Member | Chamber | State | Type | Amount Range | Transaction Date | Filed | Src |
|---|---|---|---|---|---|---|---|
| Alan Armstrong | senate | — | BUY | $1,001 - $15,000 | 2026-03-27 | 2026-07-21 | ↗ |
Periodic Transaction Reports filed under the STOCK Act. Amounts are disclosed as ranges, not exact dollar figures.