Akamai's Q2 2025: Discrepancies in Compute Revenue Growth, Legacy Impact, and Delivery Trends

Compute Revenue Growth Expectations, Impact of Legacy Compute Revenue Transfers, Pricing Environment in Delivery Services, and Delivery Revenue Trends are the key contradictions discussed in Akamai Technologies' latest 2025Q2 earnings call.



Strong Revenue Growth:
- Akamai Technologies reported revenue of $1.043 billion for Q2 2025, up 7% year-over-year as reported and 6% in constant currency.
- The growth was enabled by stabilization in revenue from the delivery product line and solid growth in security and compute product lines, particularly driven by AI-related opportunities.

Cloud Infrastructure Services (CIS) Acceleration:
- CIS revenue reached $71 million, growing at 30% year-over-year as reported and 29% in constant currency.
- Growth was driven by customer demand for cloud infrastructure services closer to end users, particularly for AI applications, and expected acceleration in revenue throughout the year.

Security Solutions Demand:
- Security revenue was $552 million, up 11% year-over-year as reported and 10% in constant currency.
- Demand for security solutions, such as Guardicore Segmentation and API security, increased due to the need to comply with enterprise security requirements and protect against ransomware and data exfiltration.

Delivery Business Improvement:
- Delivery revenue was $320 million, down 3% year-over-year as reported and 4% in constant currency, above expectations.
- Improvements were driven by better pricing and traffic growth, partially attributed to the exit of some CDN peers and enhanced focus on key customer segments.