Fastly (NYSE:FSLY) Issues Q2 2026 Earnings Guidance

Fastly (NYSE:FSLY) issued an update on its second quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.050-0.080 for the period, compared to the consensus earnings per share estimate of 0.010. The company issued revenue guidance of $170.0 million-$176.0 million, compared to the consensus revenue estimate of $170.9 million. Fastly also updated its FY 2026 guidance to 0.270-0.330 EPS.

Wall Street Analyst Weigh In

FSLY has been the topic of a number of recent analyst reports. Piper Sandler reiterated a “neutral” rating and set a $14.00 price target (up from $11.00) on shares of Fastly in a research note on Thursday, February 12th. Evercore assumed coverage on Fastly in a report on Tuesday, April 14th. They issued an “outperform” rating and a $24.00 price objective on the stock. Royal Bank Of Canada boosted their target price on Fastly from $12.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. William Blair raised Fastly from a “market perform” rating to an “outperform” rating in a report on Thursday, February 12th. Finally, Citigroup upped their price objective on Fastly from $10.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $16.25.

Fastly Price Performance

Shares of Fastly stock traded down $0.79 during trading on Wednesday, hitting $31.57. 15,496,794 shares of the company were exchanged, compared to its average volume of 11,827,517. Fastly has a fifty-two week low of $5.84 and a fifty-two week high of $34.82. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average price of $25.19 and a 200 day moving average price of $15.67. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of -32.89 and a beta of 0.49.

Insider Transactions at Fastly

In other news, CTO Artur Bergman sold 275,234 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $20.56, for a total value of $5,658,811.04. Following the sale, the chief technology officer directly owned 1,909,901 shares in the company, valued at $39,267,564.56. This represents a 12.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Lacey Compton III sold 73,206 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $20.94, for a total value of $1,532,933.64. Following the sale, the chief executive officer directly owned 875,831 shares in the company, valued at approximately $18,339,901.14. The trade was a 7.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,374,553 shares of company stock valued at $28,180,823 over the last three months. 6.70% of the stock is currently owned by insiders.

Trending Headlines about Fastly

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Record Q1 results: Fastly reported record revenue, gross margin and remaining performance obligations, and highlighted 47% year-over-year growth in security revenue — demonstrating strong demand in higher-margin product lines. Fastly Announces Record First Quarter 2026 Financial Results
• Positive Sentiment: Raised earnings outlook: Fastly updated Q2 EPS guidance to $0.050–$0.080 (above the $0.010 consensus) and gave FY2026 EPS guidance of $0.270–$0.330 — an explicit improvement to profitability expectations that supports a re-rating. (Guidance released by the company)
• Positive Sentiment: Bullish options activity: Unusually large call buying (43,179 calls, +71% vs. typical volume) signaled speculative/positioning interest ahead of the print, which likely amplified upside into the report.
• Neutral Sentiment: Revenue guidance roughly in line: Q2 revenue guidance of $170.0M–$176.0M was essentially in line with the ~$170.9M consensus, reducing the magnitude of a revenue surprise despite the EPS beat. (Guidance released by the company)
• Negative Sentiment: Competition and pricing risk: Analysts and previews warned that competition in edge/cloud infrastructure and pricing pressure could limit upside and make sustained margin expansion harder, keeping some investors cautious. Should You Buy, Sell, or Hold FSLY Stock Before Q1 Earnings Release?
• Negative Sentiment: Hype vs. sustainability questions: Coverage questioned whether AI-related tailwinds and the recent optimism are enough to deliver durable profitability, introducing skepticism that can cap gains if future quarters don’t show clear trajectory. Is Fastly’s (FSLY) AI-Fueled Earnings Hype Redefining Its Path to Sustainable Profitability?
• Negative Sentiment: Pre-earnings run-up and volatility risk: The stock had a sizable pre-report surge (reported ~17.7% gain on Tuesday), which increases the chance of profit-taking and intra-day pullbacks after the headline news. Fastly (FSLY) Climbs 17.7%, Investors Upbeat on Earnings

Institutional Trading of Fastly

Hedge funds have recently bought and sold shares of the company. Alyeska Investment Group L.P. raised its holdings in Fastly by 2,795.2% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,789,185 shares of the company’s stock valued at $48,754,000 after acquiring an additional 4,623,767 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of Fastly by 3,941.1% during the second quarter. Balyasny Asset Management L.P. now owns 1,329,006 shares of the company’s stock worth $9,383,000 after purchasing an additional 1,296,119 shares during the last quarter. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Fastly in the fourth quarter valued at $11,657,000. Morgan Stanley increased its stake in Fastly by 14.7% in the fourth quarter. Morgan Stanley now owns 8,339,234 shares of the company’s stock valued at $84,893,000 after purchasing an additional 1,071,222 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Fastly in the second quarter valued at $6,697,000. Institutional investors and hedge funds own 79.71% of the company’s stock.

About Fastly

Fastly, Inc operates an edge cloud platform designed to accelerate, secure and enable modern digital experiences. The company offers a suite of services including a content delivery network (CDN), edge compute, load balancing, web application firewall (WAF) and DDoS protection. Fastly’s real-time architecture allows customers to seamlessly deploy software logic at the network edge, reducing latency by bringing applications and content closer to end users.

Founded in 2011 by Artur Bergman, Fastly has evolved from a pure-play CDN provider into a comprehensive edge cloud platform.