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 internet services and infrastructure, focusing on improving website performance and security....

Key Metrics to Watch

Revenue Growth

This metric reflects how well Fastly is expanding its customer base and increasing sales, which is critical for its growth trajectory.

N/A

Earnings Per Share (EPS)

EPS indicates the company's profitability on a per-share basis, which is a key indicator for investors.

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 internet services and infrastructure, focusing on improving website performance and security. With a market cap of $5 billion, it plays a crucial role in the growing demand for fast and reliable online services, particularly as more businesses move 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 of a loss of $0.11. However, the stock fell 2.44% the next day, indicating mixed investor sentiment despite the positive earnings surprise.

Management Promises & Guidance

Focus on enhancing customer experience and service reliability.
Commitment to expanding product offerings in the cloud services space.
Plans to improve operational efficiency and reduce costs.

Expectations

Wall Street Expectations

Overall, expectations for Fastly's upcoming earnings are cautious, given the mixed reactions to previous results. Investors are looking for signs of sustained growth amid competitive pressures.

Bull Case

If Fastly can demonstrate strong revenue growth and maintain or improve its EPS, it could signal a robust recovery and attract more investors.

Bear Case

Conversely, if the company fails to meet revenue expectations or shows signs of customer churn, it could lead to further declines in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported revenue growth rate this quarter?

Investors will closely watch this metric to gauge the company's ability to attract and retain customers in a competitive market.

How does Fastly plan to address any potential customer churn?

Understanding management's strategy for customer retention will be crucial for assessing future revenue stability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Fastly's ability to leverage its technology to capture more market share, especially in the cloud services sector.

Supporting Evidence

Fastly's recent product enhancements could lead to improved customer satisfaction and retention.

The company's strong EPS surprises in previous quarters indicate potential for continued positive performance.

Options pricing suggests traders expect significant movement, which may reflect underlying confidence in the company's prospects.

Key Risk

If Fastly shows revenue growth exceeding 15%, it could challenge the current cautious sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on Fastly's ability to sustain growth and retain customers in a challenging environment.

Bull Confirmed If

Achieving revenue growth of over 15% year-over-year would confirm the bull case.

Bear Confirmed If

A revenue growth rate below 5% would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±19.56%

Historical Avg

±2.6%

Pricing rich

The options market is pricing in a significant move, 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, history suggests the stock could rise by around 1.4%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations but cautious commentary is provided, the stock may remain stagnant or see a slight decline.

Miss

A miss could lead to a decline in stock price, with historical patterns indicating a potential drop of around 2.58%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer acquisition strategies and their effectiveness.
2Details on product enhancements and how they are received in the market.
3Management's outlook on competitive pressures and market trends.
4Insights into operational efficiencies and cost management efforts.
5Any commentary on long-term growth strategies and market positioning.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Aug3

ONBMO

ON Semiconductor Corporation

PreviewView

Aug3

LBMO

Company Snapshot

Fastly, Inc. is a technology company that provides internet services and infrastructure, focusing on improving website performance and security....

Key Metrics to Watch

Revenue Growth

This metric reflects how well Fastly is expanding its customer base and increasing sales, which is critical for its growth trajectory.

N/A

Earnings Per Share (EPS)

EPS indicates the company's profitability on a per-share basis, which is a key indicator for investors.

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

Management Promises & Guidance

Focus on enhancing customer experience and service reliability.
Commitment to expanding product offerings in the cloud services space.
Plans to improve operational efficiency and reduce costs.

Expectations

Wall Street Expectations

Overall, expectations for Fastly's upcoming earnings are cautious, given the mixed reactions to previous results. Investors are looking for signs of sustained growth amid competitive pressures.

Bull Case

If Fastly can demonstrate strong revenue growth and maintain or improve its EPS, it could signal a robust recovery and attract more investors.

Bear Case

Conversely, if the company fails to meet revenue expectations or shows signs of customer churn, it could lead to further declines in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported revenue growth rate this quarter?

Investors will closely watch this metric to gauge the company's ability to attract and retain customers in a competitive market.

How does Fastly plan to address any potential customer churn?

Understanding management's strategy for customer retention will be crucial for assessing future revenue stability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Fastly's ability to leverage its technology to capture more market share, especially in the cloud services sector.

Supporting Evidence

Fastly's recent product enhancements could lead to improved customer satisfaction and retention.

The company's strong EPS surprises in previous quarters indicate potential for continued positive performance.

Options pricing suggests traders expect significant movement, which may reflect underlying confidence in the company's prospects.

Key Risk

If Fastly shows revenue growth exceeding 15%, it could challenge the current cautious sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on Fastly's ability to sustain growth and retain customers in a challenging environment.

Bull Confirmed If

Achieving revenue growth of over 15% year-over-year would confirm the bull case.

Bear Confirmed If

A revenue growth rate below 5% would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±19.56%

Historical Avg

±2.6%

Pricing rich

The options market is pricing in a significant move, 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, history suggests the stock could rise by around 1.4%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations but cautious commentary is provided, the stock may remain stagnant or see a slight decline.

Miss

A miss could lead to a decline in stock price, with historical patterns indicating a potential drop of around 2.58%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer acquisition strategies and their effectiveness.
2Details on product enhancements and how they are received in the market.
3Management's outlook on competitive pressures and market trends.
4Insights into operational efficiencies and cost management efforts.
5Any commentary on long-term growth strategies and market positioning.