Equity Profile

FSLY

Fastly, Inc.

Information TechnologyInternet Services & Infrastructure$2.8B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Fastly, Inc. is a technology company that provides cloud-based services to help businesses deliver content faster and more securely over the internet....

Key Metrics to Watch

Revenue Growth

This metric will indicate how well Fastly is expanding its customer base and service offerings in a competitive market.

N/A

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will help assess whether Fastly can maintain its positive earnings surprise trend.

$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 cloud-based services to help businesses deliver content faster and more securely over the internet. As part of the Information Technology sector, Fastly plays a crucial role in the growing demand for efficient internet services and infrastructure, especially as online activities continue to expand.

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, revenue figures were not disclosed, leading to a slight decline in stock price the following day.

Management Promises & Guidance

Focus on enhancing network performance and reliability.
Commitment to expanding customer base through new partnerships.
Plans to invest in product innovation and technology upgrades.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Fastly's upcoming earnings report, especially given its history of beating EPS estimates. However, the lack of revenue guidance may create uncertainty.

Bull Case

If Fastly continues its trend of positive earnings surprises and shows strong revenue growth, it could lead to increased investor confidence and a significant stock price rally.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a sharp decline in stock price, especially given the high implied volatility in the options market.

Key Metrics to Watch

Revenue Growth

N/A

This metric will indicate how well Fastly is expanding its customer base and service offerings in a competitive market.

Earnings Per Share (EPS)

$0.13

EPS is a key indicator of profitability and will help assess whether Fastly can maintain its positive earnings surprise trend.

Customer Retention Rate

N/A

A strong retention rate will demonstrate Fastly's ability to keep its existing customers, which is vital for sustainable growth.

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 previous quarters?

Given Fastly's strong history of EPS surprises, this figure will be crucial in determining market sentiment post-earnings.

What is the current customer retention rate and any updates on new customer acquisitions?

Understanding customer dynamics will provide insight into Fastly's growth potential and stability in revenue.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Fastly's ability to sustain its earnings surprise trend due to its strong customer relationships and ongoing investments in technology.

Supporting Evidence

Fastly has consistently beaten EPS estimates in the past, indicating strong operational performance.

The options market is pricing a larger move than historical averages, suggesting that investors may be overly cautious.

Recent insider selling could indicate confidence in the company's long-term strategy despite short-term fluctuations.

Key Risk

If customer retention rates show significant improvement, it could lead to a reevaluation of growth prospects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter, the focus will be on whether Fastly can maintain its positive earnings trend while also showing solid revenue growth.

Bull Confirmed If

An EPS of $0.15 or higher, alongside strong revenue growth, would confirm the bullish outlook.

Bear Confirmed If

An EPS below $0.10 or negative commentary on customer retention would confirm the bearish outlook.

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 in either direction, indicating heightened uncertainty around the earnings report.

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)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$720,312.76

29,533 sh

1 insider

Net

$720,312.76

Net selling

Most Active Insiders· 4 open-market trades

CEOCompton Charles Lacey III
$720,312.76
Net selling

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Fastly beats expectations, history suggests a potential stock price increase of around +1.4%, confirming positive market sentiment.

In-Line / Cautious

If results are in line with expectations but lack strong guidance, the stock may react neutrally, reflecting cautious investor sentiment.

Miss

If Fastly misses EPS expectations, history suggests a potential decline of around -2.4%, which could raise concerns about future growth.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on customer retention rates and new customer acquisitions.
2Any commentary on product innovations and technology upgrades.
3Insights into competitive positioning within the internet services market.
4Details on operational efficiencies and cost management strategies.
5Management's outlook on future revenue growth and market demand.

See the full picture

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

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Company Snapshot

Fastly, Inc. is a technology company that provides cloud-based services to help businesses deliver content faster and more securely over the internet....

Key Metrics to Watch

Revenue Growth

This metric will indicate how well Fastly is expanding its customer base and service offerings in a competitive market.

N/A

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will help assess whether Fastly can maintain its positive earnings surprise trend.

$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, revenue figures were not disclosed, leading to a slight decline in stock price the following day.

Management Promises & Guidance

Focus on enhancing network performance and reliability.
Commitment to expanding customer base through new partnerships.
Plans to invest in product innovation and technology upgrades.

Expectations

Wall Street Expectations

Bull Case

If Fastly continues its trend of positive earnings surprises and shows strong revenue growth, it could lead to increased investor confidence and a significant stock price rally.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a sharp decline in stock price, especially given the high implied volatility in the options market.

Key Metrics to Watch

Revenue Growth

N/A

This metric will indicate how well Fastly is expanding its customer base and service offerings in a competitive market.

Earnings Per Share (EPS)

$0.13

EPS is a key indicator of profitability and will help assess whether Fastly can maintain its positive earnings surprise trend.

Customer Retention Rate

N/A

A strong retention rate will demonstrate Fastly's ability to keep its existing customers, which is vital for sustainable growth.

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 previous quarters?

Given Fastly's strong history of EPS surprises, this figure will be crucial in determining market sentiment post-earnings.

What is the current customer retention rate and any updates on new customer acquisitions?

Understanding customer dynamics will provide insight into Fastly's growth potential and stability in revenue.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Fastly's ability to sustain its earnings surprise trend due to its strong customer relationships and ongoing investments in technology.

Supporting Evidence

Fastly has consistently beaten EPS estimates in the past, indicating strong operational performance.

The options market is pricing a larger move than historical averages, suggesting that investors may be overly cautious.

Recent insider selling could indicate confidence in the company's long-term strategy despite short-term fluctuations.

Key Risk

If customer retention rates show significant improvement, it could lead to a reevaluation of growth prospects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter, the focus will be on whether Fastly can maintain its positive earnings trend while also showing solid revenue growth.

Bull Confirmed If

An EPS of $0.15 or higher, alongside strong revenue growth, would confirm the bullish outlook.

Bear Confirmed If

An EPS below $0.10 or negative commentary on customer retention would confirm the bearish outlook.

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 in either direction, indicating heightened uncertainty around the earnings report.

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)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$720,312.76

29,533 sh

1 insider

Net

$720,312.76

Net selling

Most Active Insiders· 4 open-market trades

CEOCompton Charles Lacey III
$720,312.76
Net selling

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Fastly beats expectations, history suggests a potential stock price increase of around +1.4%, confirming positive market sentiment.

In-Line / Cautious

If results are in line with expectations but lack strong guidance, the stock may react neutrally, reflecting cautious investor sentiment.

Miss

If Fastly misses EPS expectations, history suggests a potential decline of around -2.4%, which could raise concerns about future growth.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on customer retention rates and new customer acquisitions.
2Any commentary on product innovations and technology upgrades.
3Insights into competitive positioning within the internet services market.
4Details on operational efficiencies and cost management strategies.
5Management's outlook on future revenue growth and market demand.