Fastly is trading 10.64% down now at $23.26 after investors looked past its strong second-quarter earnings beat and raised 2026 guidance, focusing on projected third-quarter growth deceleration, rising operating expenses, customer concentration, and front-loaded infrastructure spending.
- Q2 revenue was $183.3 million, up 23% year over year.
- Q3 guidance implies approximately 18% growth at midpoint; 2026 infrastructure spending is expected at 10–12% of revenue.
- Shares rose 4.33% to $26.03 in the August 5 regular session before fading after hours.