Fastly

Q2 FY2026 EarningsQ2 FY26 results beat consensus across the top and bottom lines: revenue of $183.3M exceeded the $173.9M expected (+5.4% variance), while GAAP EPS of -$0.10 significantly outperformed the -$0.18 consensus. However, GAAP gross margin of 63.3% slightly missed the analyst mean of 64.0%. The revenue beat was primarily driven by Security revenue surging 43% YoY and Compute solutions (Other) growing 69% YoY. Operating leverage improved as revenue growth outpaced the relatively flat Cost of Revenue, though elevated stock-based compensation remained a primary driver of GAAP losses.