08:27 AM EDT, 05/08/2026 (MT Newswires) -- (Updates with investment deal and stock price move in last two paragraphs.)

Akamai Technologies ( AKAM ) reported Q1 non-GAAP net income late Thursday of $1.61 per diluted share, down from $1.70 a year earlier.

Analysts polled by FactSet expected $1.60.

Revenue for the three months ended March 31 rose to $1.07 billion from $1.02 billion a year earlier.

Analysts surveyed by FactSet expected $1.07 billion.

The company expects fiscal Q2 non-GAAP EPS of $1.45 to $1.65 on revenue of $1.08 billion to $1.10 billion. Analysts polled by FactSet expect $1.68 and $1.10 billion, respectively.

For full year 2026, the company expects non-GAAP EPS of $6.40 to $7.15 on revenue of $4.45 billion to $4.55 billion, compared with previous EPS guidance of $6.20 to $7.20 on revenue of $4.40 billion to $4.55 billion.

Analysts surveyed by FactSet expect $6.86 and $4.48 billion, respectively.

Chief Executive Tom Leighton said a US-based frontier model provider has committed $1.8 billion over seven years for the company's cloud infrastructure services.

Shares of Akamai ( AKAM ) were surging more than 24% pre-bell Friday.