Equity Profile

FSLY

Fastly, Inc.

Information TechnologyInternet Services & Infrastructure$4.8B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Fastly, Inc. is a technology company that provides cloud computing services, focusing on improving the speed and performance of websites and applications....

Key Metrics to Watch

Revenue Growth

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

N/A

Earnings Per Share (EPS)

EPS is a key indicator of profitability and financial health, reflecting the company's ability to generate profit for shareholders.

N/A

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 cloud computing services, focusing on improving the speed and performance of websites and applications. As a player in the Internet Services & Infrastructure sector, Fastly is positioned to benefit from the ongoing demand for faster and more reliable digital experiences, particularly as businesses increasingly move online.

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 estimates by over 216%. However, there was no revenue data provided, and the stock saw a slight decline of 2.44% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for Fastly's upcoming earnings are mixed, given the lack of analyst estimates and management guidance. Investors will be closely watching for any signs of revenue growth and profitability.

Bull Case

The optimistic view hinges on Fastly continuing its trend of beating EPS estimates, which could signal strong operational performance and market demand for its services.

Bear Case

Conversely, if Fastly fails to provide clear revenue growth or shows signs of customer attrition, it could lead to a negative reaction from investors.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the revenue growth rate for this quarter?

Revenue growth is a critical indicator of Fastly's market performance and its ability to attract and retain customers.

How is customer retention trending?

Understanding customer retention will help gauge the company's long-term viability and satisfaction levels among its clients.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Fastly's potential for revenue growth due to its recent operational improvements and the increasing demand for faster web services.

Supporting Evidence

Fastly has consistently beaten EPS estimates, indicating stronger-than-expected profitability.

The options market is pricing in a significant move, suggesting that traders anticipate a notable shift in sentiment.

Past performance shows that even small beats have led to positive stock reactions, indicating investor confidence.

Key Risk

If revenue growth does not meet expectations, it could significantly impact investor sentiment and stock performance.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's results will be pivotal in determining Fastly's growth trajectory and market position amid increasing competition.

Bull Confirmed If

If Fastly reports revenue growth of over 15% year-over-year, it would confirm strong demand and operational success.

Bear Confirmed If

A revenue decline or stagnation would confirm concerns about customer retention and market competitiveness.

Pre-Earnings Positioning

Options Market

Implied Move

±19.56%

Historical Avg

±2.6%

Pricing rich

The options market is pricing in a significant move of nearly 20%, suggesting 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 the stock could rise by around 1.4%, confirming strong operational momentum.

In-Line / Cautious

If results are in line but management is cautious, the stock may see muted movement as investors digest the commentary.

Miss

If Fastly misses expectations, the stock could decline, potentially reflecting the average 1-day move of around 2.58% based on past performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new customer acquisitions or partnerships.
2Details on customer retention rates and strategies to improve them.
3Insights into revenue growth trends and forecasts for the upcoming quarters.
4Management's commentary on competitive pressures in the market.
5Any guidance on future product developments or service enhancements.

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Company Snapshot

Fastly, Inc. is a technology company that provides cloud computing services, focusing on improving the speed and performance of websites and applications....

Key Metrics to Watch

Revenue Growth

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

N/A

Earnings Per Share (EPS)

EPS is a key indicator of profitability and financial health, reflecting the company's ability to generate profit for shareholders.

N/A

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 estimates by over 216%. However, there was no revenue data provided, and the stock saw a slight decline of 2.44% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

The optimistic view hinges on Fastly continuing its trend of beating EPS estimates, which could signal strong operational performance and market demand for its services.

Bear Case

Conversely, if Fastly fails to provide clear revenue growth or shows signs of customer attrition, it could lead to a negative reaction from investors.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the revenue growth rate for this quarter?

Revenue growth is a critical indicator of Fastly's market performance and its ability to attract and retain customers.

How is customer retention trending?

Understanding customer retention will help gauge the company's long-term viability and satisfaction levels among its clients.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Fastly's potential for revenue growth due to its recent operational improvements and the increasing demand for faster web services.

Supporting Evidence

Fastly has consistently beaten EPS estimates, indicating stronger-than-expected profitability.

The options market is pricing in a significant move, suggesting that traders anticipate a notable shift in sentiment.

Past performance shows that even small beats have led to positive stock reactions, indicating investor confidence.

Key Risk

If revenue growth does not meet expectations, it could significantly impact investor sentiment and stock performance.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's results will be pivotal in determining Fastly's growth trajectory and market position amid increasing competition.

Bull Confirmed If

If Fastly reports revenue growth of over 15% year-over-year, it would confirm strong demand and operational success.

Bear Confirmed If

A revenue decline or stagnation would confirm concerns about customer retention and market competitiveness.

Pre-Earnings Positioning

Options Market

Implied Move

±19.56%

Historical Avg

±2.6%

Pricing rich

The options market is pricing in a significant move of nearly 20%, suggesting 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 the stock could rise by around 1.4%, confirming strong operational momentum.

In-Line / Cautious

If results are in line but management is cautious, the stock may see muted movement as investors digest the commentary.

Miss

If Fastly misses expectations, the stock could decline, potentially reflecting the average 1-day move of around 2.58% based on past performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new customer acquisitions or partnerships.
2Details on customer retention rates and strategies to improve them.
3Insights into revenue growth trends and forecasts for the upcoming quarters.
4Management's commentary on competitive pressures in the market.
5Any guidance on future product developments or service enhancements.