Fastly, Inc. — Form 8-K
Filed August 5, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 62/100
What the filing says
Fastly reported Q2 2026 total revenue of $183.3M (23% YoY growth), with Security revenue growing 43% YoY to $41.7M and Network Services at $133.9M (17% YoY). Gross margin expanded to 63.3% GAAP / 65.8% non-GAAP. LTM NRR increased to 117% (highest in 3+ years); RPO rose 38% YoY to $341M. Company raised FY2026 guidance: total revenue $732–746M (vs. prior midpoint), non-GAAP operating income $88–96M, non-GAAP EPS $0.50–0.54. Top 10 customers now represent 37% of revenue (up from 31% YoY).
Why this rating
Strong topline growth, margin expansion, and elevated NRR signal improving unit economics and competitive positioning. Raised guidance validates momentum. Customer concentration risk (37% top-10) is material offset. Relative to $1B market cap, $183M quarterly revenue (73% annualized) and $341M RPO are substantial but not transformational; execution risk remains.
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