Fastly (NYSE:FSLY) Releases 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 (EPS) guidance of 0.050-0.080 for the period, compared to the consensus 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.

Fastly Stock Performance

NYSE:FSLY traded up $0.22 during trading hours on Friday, reaching $19.72. The company had a trading volume of 12,686,671 shares, compared to its average volume of 12,269,501. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. Fastly has a 52 week low of $6.29 and a 52 week high of $34.82. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of -20.67 and a beta of 0.49. The firm’s 50 day moving average price is $25.51 and its 200-day moving average price is $15.92.

Analyst Upgrades and Downgrades

FSLY has been the subject of a number of research analyst reports. William Blair raised shares of Fastly from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 12th. DA Davidson set a $13.00 target price on shares of Fastly in a research report on Thursday, February 12th. Craig Hallum downgraded shares of Fastly from a “buy” rating to a “hold” rating and set a $24.00 target price for the company. in a research report on Tuesday, April 14th. Citigroup lifted their target price on shares of Fastly from $13.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Royal Bank Of Canada cut their target price on shares of Fastly to $18.00 and set a “sector perform” rating for the company in a research report on Thursday. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $22.63.

Insider Activity at Fastly

In related news, CTO Artur Bergman sold 275,234 shares of Fastly stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $20.56, for a total transaction of $5,658,811.04. Following the transaction, the chief technology officer owned 1,909,901 shares in the company, valued at approximately $39,267,564.56. The trade was a 12.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott R. Lovett sold 73,715 shares of Fastly stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $21.06, for a total transaction of $1,552,437.90. Following the transaction, the insider owned 1,580,513 shares in the company, valued at approximately $33,285,603.78. This trade represents a 4.46% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,374,553 shares of company stock worth $28,180,823. 6.70% of the stock is owned by corporate insiders.

Key Fastly News

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Company reported record Q1 results with beats and raised EPS guidance for Q2 and FY2026, which supports a more constructive outlook from management. Fastly Announces Record First Quarter 2026 Financial Results
• Positive Sentiment: Security product revenue grew ~47% year-over-year to a record $38.8M (now ~22% of sales), showing diversification beyond core delivery and a clearer path to higher-margin growth. Fastly’s Security Revenues Climb 47%
• Positive Sentiment: Raymond James upgraded Fastly to Outperform (from Market Perform) and set a $23 price target, citing an AI-driven traffic inflection that could lift edge-cloud demand. Raymond James Upgrade
• Neutral Sentiment: Citigroup raised its price target to $25 (from $13) but kept a Neutral rating, signaling improved valuation assumptions without a full buy conviction. Benzinga Coverage
• Negative Sentiment: Despite the beat, Fastly plunged roughly 25–27% in the immediate aftermath of the report as investors focused on signs of a core delivery slowdown and near-term deceleration risk. That selling pressure remains a headwind for sentiment. Yahoo: Fastly Surprises With Q1 Sales But Stock Drops
• Negative Sentiment: Analysts flagged growth deceleration risk after the quarter; Piper Sandler cut its price target to $27 (maintained Neutral), underscoring lingering execution concerns around core delivery volumes. Piper Sandler Note

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FSLY. Align Financial LLC purchased a new position in shares of Fastly during the 4th quarter valued at $41,000. Quarry LP purchased a new stake in Fastly in the 3rd quarter worth $49,000. Geneos Wealth Management Inc. purchased a new stake in Fastly in the 1st quarter worth $52,000. C M Bidwell & Associates Ltd. purchased a new stake in Fastly in the 4th quarter worth $54,000. Finally, Acadian Asset Management LLC purchased a new stake in Fastly in the 1st quarter worth $78,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Fastly Company Profile

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.