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StocksMedium•9 May 2026•

1 min read

Fastly Shares Surge on Strong Q1 Results and Upgraded 2026 Guidance

Key Facts

1Fastly reported Q1 2026 revenue of $173M, representing a 20% year-over-year increase.

2Security revenue grew 47% YoY, while Remaining Performance Obligations (RPO) surged 63% to $369M.

3Management raised 2026 revenue guidance to $710–$725M and increased EPS guidance by 15%.

Fastly reported robust financial results for the first quarter of 2026, with revenue reaching $173 million, a 20% increase year-over-year. The security segment demonstrated exceptional strength, growing by 47% and driving Remaining Performance Obligations (RPO) up by 63% to $369 million. Consequently, management raised its full-year 2026 revenue guidance to a range of $710–$725 million. Earnings per share (EPS) guidance was also upgraded by 15%, supported by a healthy net retention rate of 113%. This performance suggests a fundamental reset of the company's earnings model and a durable growth trajectory in cloud and cybersecurity services. Analysts view the beat-and-raise quarter as a significant catalyst, with fair value estimates remaining well above current market levels.