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, focusing on delivering fast and secure content to users....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability, and Fastly has consistently surprised on the upside in recent quarters.

$0.15

Revenue Growth

Revenue growth is crucial for assessing Fastly's ability to expand its market share and meet customer demand.

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 delivering fast and secure content to users. As a player in the information technology sector, it benefits from trends like cloud computing and the increasing demand for online services.

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. However, the stock fell 2.44% the following day, indicating some investor caution.

Management Promises & Guidance

Continued focus on enhancing platform capabilities.
Commitment to improving customer service and support.
Plans to expand into new markets.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Fastly's upcoming earnings, given its strong track record of beating EPS estimates. However, the lack of revenue guidance has left some uncertainty.

Bull Case

If Fastly can continue its trend of beating EPS estimates and show solid revenue growth, it could signal strong operational momentum and attract more investors.

Bear Case

On the other hand, if the company fails to meet expectations or provides weak guidance, it could lead to a significant sell-off, especially given the stock's recent performance.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.15

EPS is a key indicator of profitability, and Fastly has consistently surprised on the upside in recent quarters.

Revenue Growth

N/A

Revenue growth is crucial for assessing Fastly's ability to expand its market share and meet customer demand.

Customer Growth

N/A

Tracking customer growth will provide insight into Fastly's market penetration and service adoption.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and will it continue the trend of positive surprises?

Given Fastly's history of beating EPS estimates, this number will be closely watched to gauge ongoing profitability.

How is customer growth trending, and what are the expectations for future revenue?

Customer growth is essential for long-term success, and any slowdown could raise concerns about market demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Fastly's ability to sustain its growth trajectory despite competitive pressures, especially given its recent operational improvements.

Supporting Evidence

Fastly has consistently beaten EPS estimates, suggesting stronger underlying performance than anticipated.

The options market is pricing a larger move than historical averages, indicating potential for a positive surprise.

Recent trends in customer acquisition may not be fully reflected in current market expectations.

Key Risk

If customer growth exceeds expectations, it could significantly alter the market's perception of Fastly's future potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate centers around whether Fastly can maintain its profitability and growth trajectory in a competitive market.

Bull Confirmed If

An EPS of $0.15 or better, along with strong indications of customer growth, would confirm the bull case.

Bear Confirmed If

An EPS below $0.10 or weak customer growth 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, indicating that investors expect volatility 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)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Fastly beats expectations, history suggests a potential stock increase of around 1.4%, confirming strong operational momentum.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may experience muted movement as investors reassess expectations.

Miss

If the company misses expectations, the stock could drop significantly, potentially reflecting the average 1-day move when they miss.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer acquisition and retention rates.
2Insights into revenue growth and future guidance.
3Management's commentary on competitive positioning.
4Details on new product launches or enhancements.
5Updates on operational efficiencies and cost management.

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Company Snapshot

Fastly, Inc. is a technology company that provides internet services and infrastructure, focusing on delivering fast and secure content to users....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability, and Fastly has consistently surprised on the upside in recent quarters.

$0.15

Revenue Growth

Revenue growth is crucial for assessing Fastly's ability to expand its market share and meet customer demand.

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 expectations. However, the stock fell 2.44% the following day, indicating some investor caution.

Management Promises & Guidance

Continued focus on enhancing platform capabilities.
Commitment to improving customer service and support.
Plans to expand into new markets.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Fastly's upcoming earnings, given its strong track record of beating EPS estimates. However, the lack of revenue guidance has left some uncertainty.

Bull Case

If Fastly can continue its trend of beating EPS estimates and show solid revenue growth, it could signal strong operational momentum and attract more investors.

Bear Case

On the other hand, if the company fails to meet expectations or provides weak guidance, it could lead to a significant sell-off, especially given the stock's recent performance.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.15

EPS is a key indicator of profitability, and Fastly has consistently surprised on the upside in recent quarters.

Revenue Growth

N/A

Revenue growth is crucial for assessing Fastly's ability to expand its market share and meet customer demand.

Customer Growth

N/A

Tracking customer growth will provide insight into Fastly's market penetration and service adoption.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and will it continue the trend of positive surprises?

Given Fastly's history of beating EPS estimates, this number will be closely watched to gauge ongoing profitability.

How is customer growth trending, and what are the expectations for future revenue?

Customer growth is essential for long-term success, and any slowdown could raise concerns about market demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Fastly's ability to sustain its growth trajectory despite competitive pressures, especially given its recent operational improvements.

Supporting Evidence

Fastly has consistently beaten EPS estimates, suggesting stronger underlying performance than anticipated.

The options market is pricing a larger move than historical averages, indicating potential for a positive surprise.

Recent trends in customer acquisition may not be fully reflected in current market expectations.

Key Risk

If customer growth exceeds expectations, it could significantly alter the market's perception of Fastly's future potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate centers around whether Fastly can maintain its profitability and growth trajectory in a competitive market.

Bull Confirmed If

An EPS of $0.15 or better, along with strong indications of customer growth, would confirm the bull case.

Bear Confirmed If

An EPS below $0.10 or weak customer growth 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, indicating that investors expect volatility 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)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Fastly beats expectations, history suggests a potential stock increase of around 1.4%, confirming strong operational momentum.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may experience muted movement as investors reassess expectations.

Miss

If the company misses expectations, the stock could drop significantly, potentially reflecting the average 1-day move when they miss.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer acquisition and retention rates.
2Insights into revenue growth and future guidance.
3Management's commentary on competitive positioning.
4Details on new product launches or enhancements.
5Updates on operational efficiencies and cost management.