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StocksMediumUpdated×2•Originally published 7 May 2026•Updated 8 May 2026•

1 min read

Akamai Secures $1.8B Cloud Deal with Leading U.S. AI Model Provider

Key Facts

1Akamai reported a 6% year-over-year revenue increase to $1.074 billion at the start of 2026.

2The company secured a seven-year, $1.8 billion cloud commitment from a leading U.S. frontier model provider.

26 days ago

Version History

Version 226 days ago

What changed: Added details regarding the strong jump in stock price and confirmation that the deal is the largest in the company's history.

Version 126 days ago

What changed: Anthropic was identified as the client for the $1.8 billion cloud contract.

Akamai reported a robust start to 2026, driven by a massive $1.8 billion cloud commitment that has been confirmed as the largest deal in the company's history. Anthropic was revealed as the strategic client behind this seven-year agreement, contributing to a 40% surge in Cloud Infrastructure Services (CIS) revenue. Following the announcement, Akamai's stock price saw a strong jump as investors reacted to the scale of the partnership. While total revenue climbed 6% to $1.074 billion, the company faced pressure on GAAP operating margins and earnings per share (EPS). This historic deal validates Akamai's pivot toward high-scale AI workloads, though focus remains on translating top-line growth into margin stability. The involvement of a major player like Anthropic underscores Akamai's growing competitive edge in the cloud sector.