Akamai's cloud infrastructure revenue rises 34% to $109m, and it forecasts $1.1bn to $1.3bn from that business in 2027

Akamai said on 5 November that third-quarter revenue was $1.122bn, up 6% from $1.055bn a year earlier. “Cloud infrastructure services revenue was $109 million, up 34% year-over-year”, the release says; that is the business that rents computing for AI work.

Akamai projects 2027 cloud infrastructure services revenue of $1.1bn to $1.3bn, and expects total revenue to exceed $7.0bn in 2028. Chief executive Tom Leighton pointed to “more than $14 billion worth of multi-year commitments signed so far this year”, and to the launch of Akamai Inference and Akamai Agent Sandbox.

Capital spending was about $464m in the quarter, 41% of revenue, according to the release's supplemental table.

Akamai has been turning itself from a content-delivery and security company into a provider of AI computing at the edge of the network. Its biggest step was the multi-year agreement with Anthropic worth $11.6bn that it signed in September. The forecast implies that its cloud business would grow much faster than the 6% the company as a whole managed this quarter.

• Confirmed Third-quarter revenue $1.122bn, up 6%; cloud infrastructure services revenue $109m, up 34%. Akamai, exhibit 99.1
• Claimed 2027 cloud infrastructure services revenue projected at $1.1bn to $1.3bn, and 2028 total revenue above $7.0bn. Akamai, exhibit 99.1
• Confirmed Capital spending of about $464m, 41% of revenue. Akamai, exhibit 99.1