FSLY

EX-99.1

2 ex991-fslypressrelease93026.htm

EX-99.1

Document

Exhibit 99.1

Fastly Announces Third Quarter 2026 Financial Results

Record third quarter revenue of $190.2 million grew 20% year-over-year

Third quarter gross margin of 63.3% and non-GAAP gross margin of 65.8% match record levels

LTM NRR of 119% reaches highest level since 2022

SAN FRANCISCO — November 4, 2026 — Fastly, Inc. (NASDAQ: FSLY), a leader in global edge cloud platforms, today announced financial results for its third quarter ended September 30, 2026.

“Our record third quarter results reflect strong execution as customers continued to adopt more of our products and deepen their use of our platform,” said Kip Compton, CEO of Fastly. “Delivering record revenue and free cash flow demonstrates our value proposition as we help customers achieve critical business outcomes and build for AI scale.”

($ in thousands, except per share data) (unaudited)Three months ended September 30,Nine months ended September 30,

2026202520262025

Revenue$190,193 $158,223 $546,531 $451,406

Gross margin

GAAP gross margin63.3 %58.4 %63.0 %55.4 %

Non-GAAP gross margin(1)

65.8 %62.8 %65.6 %59.8 %

Income (loss) from operations

GAAP loss from operations$(11,272)$(28,788)$(49,600)$(103,910)

Non-GAAP income from operations(1)

$31,193 $11,608 $77,329 $1,169

Net income (loss) per share

GAAP net loss per common share — basic and diluted$(0.07)$(0.20)$(0.30)$(0.73)

Non-GAAP net income (loss) per common share — basic(1)

$0.20 $0.08 $0.51 $(0.00)

Non-GAAP net income (loss) per common share — diluted(1)

$0.17 $0.07 $0.45 $(0.00)

For a reconciliation of non-GAAP financial measures to their corresponding GAAP measures, please refer to the reconciliation table at the end of this press release.

Third Quarter 2026 Financial Summary

•Total revenue of $190.2 million, representing 20% year-over-year growth. Network Services revenue of $138.0 million, representing 16% year-over-year growth. Security revenue of $44.7 million, representing 32% year-over-year growth. Other revenue of $7.4 million, representing 37% year-over-year growth. Network Services revenue includes solutions designed to improve performance of websites, apps, APIs, and digital media. Security revenue includes products designed to protect websites, apps, APIs, and users. Other revenue includes Compute and Observability solutions.*

•Generated $40.0 million of operating cash flow compared to $28.9 million of operating cash flow in the third quarter of 2025. Generated $25.2 million of positive free cash flow compared to $18.1 million in the third quarter of 2025.

•GAAP gross margin of 63.3%, compared to 58.4% in the third quarter of 2025. Non-GAAP gross margin1 of 65.8%, compared to 62.8% in the third quarter of 2025.

•GAAP loss from operations was $11.3 million, or 5.9% of revenue, compared to $28.8 million, or 18.2% of revenue, in the third quarter of 2025. Non-GAAP income from operations1 was $31.2 million, or 16.4% of revenue, compared to $11.6 million, or 7.3% of revenue in the third quarter of 2025.

•GAAP net loss of $11.3 million, compared to $29.5 million in the third quarter of 2025. Non-GAAP net income1 of $31.6 million, compared to $11.1 million in the third quarter of 2025.

•GAAP net loss per basic and diluted share of $0.07, compared to $0.20 in the third quarter of 2025. Non-GAAP net income per basic share1 of $0.20, compared to $0.08 in the third quarter of 2025. Non-GAAP net income per diluted share1 of $0.17, compared to $0.07 in the third quarter of 2025.

*As a result of displaying amounts in millions, rounding differences may exist.

Key Metrics

•Multiproduct adoption among large customers2 reached 74% for two or more product suites, up 7 percentage points year-over-year, while adoption of four or more product suites surged to 34%, up 15 percentage points year-over-year.3

•Remaining Performance Obligations (RPO)4 were $334 million, up 24% from $268 million in the third quarter of 2025.

•Fastly's top ten customers accounted for 39% of revenue in the third quarter of 2026 compared to 32% in the third quarter of 2025.

•Last 12-month net retention rate (LTM NRR)5 increased to 119% in the third quarter from 117% in the second quarter of 2026.

Third Quarter Business and Product Highlights

•Expanded the Fastly for AI portfolio by launching AI Runtime Control, AI Firewall, and new API Security capabilities, providing organizations with real-time visibility and granular control to govern, secure, and scale AI applications and agent interactions on Fastly’s unified platform.

•Partnered with Comcast to integrate Fastly’s software into Comcast’s nationwide network, enabling hyper-local content and application delivery so Xfinity members can experience ultra-low latency streaming, edge AI services, and enhanced network capacity during peak traffic events.

•Appointed Tricia Yankovich as Chief People Officer, adding a strong track record of scaling people systems and high-performance cu

EX-99.1

2 ex991-fslypressrelease63026.htm

EX-99.1

Document

Exhibit 99.1

Fastly Announces Second Quarter 2026 Financial Results

Record second quarter revenue of $183.3 million grew 23% year-over-year

Record second quarter gross margin of 63.3% and record non-GAAP gross margin of 65.8%

LTM NRR of 117% reaches highest level in over three years

SAN FRANCISCO — August 5, 2026 — Fastly, Inc. (NASDAQ: FSLY), a leader in global edge cloud platforms, today announced financial results for its second quarter ended June 30, 2026.

"Record second quarter results reflect strong execution and the deep trust customers place in our technology and our teams," said Kip Compton, CEO of Fastly. "Our platform strategy is driving business momentum, giving us the confidence to raise our full-year outlook."

($ in thousands, except per share data) (unaudited)Three months ended June 30,Six months ended June 30,

2026202520262025

Revenue$183,317 $148,709 $356,338 $293,183

Gross margin

GAAP gross margin63.3 %54.5 %62.9 %53.9 %

Non-GAAP gross margin(1)

65.8 %59.0 %65.5 %58.2 %

Operating loss

GAAP operating loss$(14,433)$(36,943)$(38,328)$(75,122)

Non-GAAP operating income (loss)(1)

$26,993 $(4,594)$46,136 $(10,439)

Net income (loss) per share

GAAP net loss per common share — basic and diluted$(0.10)$(0.26)$(0.23)$(0.53)

Non-GAAP net income (loss) per common share — basic(1)

$0.17 $(0.03)$0.32 $(0.08)

Non-GAAP net income (loss) per common share — diluted(1)

$0.15 $(0.03)$0.28 $(0.08)

For a reconciliation of non-GAAP financial measures to their corresponding GAAP measures, please refer to the reconciliation table at the end of this press release.

Second Quarter 2026 Financial Summary

•Total revenue of $183.3 million, representing 23% year-over-year growth. Network Services revenue of $133.9 million, representing 17% year-over-year growth. Security revenue of $41.7 million, representing 43% year-over-year growth. Other revenue of $7.7 million, representing 69% year-over-year growth. Network Services revenue includes solutions designed to improve performance of websites, apps, APIs, and digital media. Security revenue includes products designed to protect websites, apps, APIs, and users. Other revenue includes Compute and Observability solutions.

•Generated $39.3 million of operating cash flow compared to $25.8 million of operating cash flow in the second quarter of 2025. Generated $3.6 million of positive free cash flow compared to $10.9 million in the second quarter of 2025.

•GAAP gross margin of 63.3%, compared to 54.5% in the second quarter of 2025. Non-GAAP gross margin1 of 65.8%, compared to 59.0% in the second quarter of 2025.

•GAAP net loss of $15.6 million, compared to $37.5 million in the second quarter of 2025. Non-GAAP net income1 of $26.2 million, compared to non-GAAP net loss1 of $5.0 million in the second quarter of 2025.

•GAAP net loss per basic and diluted share of $0.10, compared to $0.26 in the second quarter of 2025. Non-GAAP net income per basic share1 of $0.17, compared to non-GAAP net loss per basic share1 of $0.03 in the second quarter of 2025. Non-GAAP net income per diluted share1 of $0.15, compared to non-GAAP net loss per diluted share1 of $0.03 in the second quarter of 2025.

Key Metrics

•Remaining Performance Obligations (RPO)2 were $341 million, up 38% from $247 million in the second quarter of 2025.

•Fastly's top ten customers accounted for 37% of revenue in the second quarter of 2026 compared to 31% in the second quarter of 2025.

•Last 12-month net retention rate (LTM NRR)3 increased to 117% in the second quarter from 113% in the first quarter of 2026.

Second Quarter Business and Product Highlights

•Announced new research showing how rapidly growing AI traffic is reshaping the internet, growing 6.5x faster than human traffic this year, and why organizations need new strategies to manage machine traffic.

•Released a joint announcement with LALIGA on the collaboration of anti-piracy solutions that are designed to address illegal streaming of live sports and help rights holders prevent lost revenue.

•Announced a new partnership with Skyfire, enabling trusted commerce at the edge so enterprises can now securely identify, verify, and transact with AI agents in real time and at global scale, without re-architecting existing infrastructure.

•Released C++ SDK for Fastly Compute, enabling enterprises to secure, scale, and accelerate their C++ AI workloads, gaming features, and other low-latency applications.

Third Quarter and Full Year 2026 Guidance

Q3 2026Full Year 2026

Total Revenue (millions)$184.0 - $190.0$732.0 - $746.0

Non-GAAP Operating Income (millions)

$20.0 - $24.0$88.0 - $96.0

Non-GAAP Net Income per share(4)(5)

$0.11 - $0.13$0.50 - $0.54

A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty of expenses that may be incurred in the future and cannot b

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