Equity Profile

FSLY

Fastly, Inc.

Information TechnologyInternet Services & Infrastructure$3.1B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Fastly, Inc. is a technology company that provides internet services and infrastructure, helping businesses deliver content quickly and securely online....

Key Metrics to Watch

Revenue Growth

Revenue growth is critical as it indicates how well Fastly is expanding its customer base and service offerings.

N/A

Earnings Per Share (EPS)

EPS reflects the company's profitability and is a key indicator for investors to assess financial health.

$0.13

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

FSLY Q2-2026 Earnings Preview

Context

Company Snapshot

Fastly, Inc. is a technology company that provides internet services and infrastructure, helping businesses deliver content quickly and securely online. With a market cap of $3 billion, it plays a crucial role in the growing demand for faster and more reliable internet services, especially as more companies shift to cloud-based solutions.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+121.49%

Avg Stock Reaction

+1.40%

Last Quarter Recap

In Q1 2026, Fastly reported an EPS of $0.13, significantly beating expectations by 216%. However, the stock fell 2.44% the following day, indicating some investor caution despite the strong earnings.

Management Promises & Guidance

Focus on enhancing infrastructure capabilities.
Commitment to improving customer service.
Plans to expand into new markets.

Expectations

Wall Street Expectations

Overall, Wall Street is cautiously optimistic about Fastly's upcoming earnings, especially given its recent strong performance. However, there are concerns about whether the company can maintain its growth trajectory amidst increasing competition.

Bull Case

The optimistic view hinges on continued strong EPS growth and robust revenue increases, which could drive the stock higher.

Bear Case

Conversely, if the company fails to meet revenue expectations or shows signs of slowing growth, it could lead to a significant decline in stock price.

Key Metrics to Watch

Revenue Growth

N/A

Revenue growth is critical as it indicates how well Fastly is expanding its customer base and service offerings.

Earnings Per Share (EPS)

$0.13

EPS reflects the company's profitability and is a key indicator for investors to assess financial health.

Customer Retention Rate

N/A

A high retention rate suggests customer satisfaction and loyalty, which are vital for sustained revenue.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2 2026, and how does it compare to analyst expectations?

Given Fastly's history of beating EPS estimates, the market will closely watch this figure to gauge ongoing profitability.

What is the revenue growth rate for this quarter?

Revenue growth is a key indicator of the company's ability to expand its market presence and maintain competitiveness.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Fastly's ability to leverage its technology for higher revenue growth, especially as demand for faster internet services increases.

Supporting Evidence

Fastly has consistently beaten EPS estimates, indicating stronger operational performance than anticipated.

The options market is pricing in a larger move than historical averages, suggesting that traders expect significant news.

Recent trends in internet infrastructure spending may not be fully reflected in current revenue expectations.

Key Risk

If the revenue growth rate exceeds 15%, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will either validate Fastly's growth strategy or highlight potential weaknesses in its business model.

Bull Confirmed If

Earnings per share exceeding $0.15 would confirm strong profitability and growth.

Bear Confirmed If

If EPS falls below $0.10, it would raise concerns about the company's growth prospects.

Pre-Earnings Positioning

Options Market

Implied Move

±19.56%

Historical Avg

±2.6%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±19.6% while FSLY has averaged ±2.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.0%

30d HV

165.8%

Calls (669K)P/C Ratio: 0.28Puts (73K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Fastly beats expectations and raises guidance, history suggests a positive reaction with an average 1-day move of +1.40%.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may see a muted response.

Miss

A miss on earnings could lead to a downside reaction, with history suggesting a potential average move of -2.44%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer acquisition and retention strategies.
2Details on revenue growth in key segments.
3Insights into competitive pressures and market share.
4Management's outlook on future earnings and guidance.
5Responses to any recent industry developments or challenges.

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Company Snapshot

Fastly, Inc. is a technology company that provides internet services and infrastructure, helping businesses deliver content quickly and securely online....

Key Metrics to Watch

Revenue Growth

Revenue growth is critical as it indicates how well Fastly is expanding its customer base and service offerings.

N/A

Earnings Per Share (EPS)

EPS reflects the company's profitability and is a key indicator for investors to assess financial health.

$0.13

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

FSLY Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+121.49%

Avg Stock Reaction

+1.40%

Last Quarter Recap

In Q1 2026, Fastly reported an EPS of $0.13, significantly beating expectations by 216%. However, the stock fell 2.44% the following day, indicating some investor caution despite the strong earnings.

Management Promises & Guidance

Focus on enhancing infrastructure capabilities.
Commitment to improving customer service.
Plans to expand into new markets.

Expectations

Wall Street Expectations

Bull Case

The optimistic view hinges on continued strong EPS growth and robust revenue increases, which could drive the stock higher.

Bear Case

Conversely, if the company fails to meet revenue expectations or shows signs of slowing growth, it could lead to a significant decline in stock price.

Key Metrics to Watch

Revenue Growth

N/A

Revenue growth is critical as it indicates how well Fastly is expanding its customer base and service offerings.

Earnings Per Share (EPS)

$0.13

EPS reflects the company's profitability and is a key indicator for investors to assess financial health.

Customer Retention Rate

N/A

A high retention rate suggests customer satisfaction and loyalty, which are vital for sustained revenue.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2 2026, and how does it compare to analyst expectations?

Given Fastly's history of beating EPS estimates, the market will closely watch this figure to gauge ongoing profitability.

What is the revenue growth rate for this quarter?

Revenue growth is a key indicator of the company's ability to expand its market presence and maintain competitiveness.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Fastly's ability to leverage its technology for higher revenue growth, especially as demand for faster internet services increases.

Supporting Evidence

Fastly has consistently beaten EPS estimates, indicating stronger operational performance than anticipated.

The options market is pricing in a larger move than historical averages, suggesting that traders expect significant news.

Recent trends in internet infrastructure spending may not be fully reflected in current revenue expectations.

Key Risk

If the revenue growth rate exceeds 15%, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will either validate Fastly's growth strategy or highlight potential weaknesses in its business model.

Bull Confirmed If

Earnings per share exceeding $0.15 would confirm strong profitability and growth.

Bear Confirmed If

If EPS falls below $0.10, it would raise concerns about the company's growth prospects.

Pre-Earnings Positioning

Options Market

Implied Move

±19.56%

Historical Avg

±2.6%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±19.6% while FSLY has averaged ±2.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.0%

30d HV

165.8%

Calls (669K)P/C Ratio: 0.28Puts (73K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Fastly beats expectations and raises guidance, history suggests a positive reaction with an average 1-day move of +1.40%.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may see a muted response.

Miss

A miss on earnings could lead to a downside reaction, with history suggesting a potential average move of -2.44%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer acquisition and retention strategies.
2Details on revenue growth in key segments.
3Insights into competitive pressures and market share.
4Management's outlook on future earnings and guidance.
5Responses to any recent industry developments or challenges.