Fastly Soars 10.89% on Q2 Earnings Beat

Fastly's stock surged 10.89% in pre-market trading on August 7, 2025, driven by strong second-quarter financial results that exceeded Wall Street's expectations.

Fastly reported revenue of $148.71 million for the quarter ended June 2025, marking a 12.3% year-over-year increase. This figure surpassed the consensus estimate of $145.07 million, representing a positive surprise of 2.51%. The company's earnings per share (EPS) came in at -$0.03, compared to -$0.07 in the same period last year, indicating a 40% improvement over the consensus EPS estimate of -$0.05.

Key metrics that contributed to Fastly's strong performance include an enterprise customer count of 622, exceeding the two-analyst average estimate of 600. Revenue from enterprise customers reached $139.26 million, a 15.4% year-over-year increase, and revenue from network services hit $114.9 million, surpassing the two-analyst average estimate of $111.21 million.

Despite the positive financial results, Fastly's stock has faced challenges, with shares returning -12.7% over the past month. However, the company's strong Q2 performance suggests a potential for future growth, with analysts maintaining a hold rating and a price target of $7.00.