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Rankings/AKAM/Q2 2024 Analysis

Akamai Technologies Inc

AKAM
Q2 2024(AKAM Q1 FY2024)Estimated1.5% AI
AI Revenue %
1.5%
AI Fair Value
$134.5M
AI Revenue (Q)
$15.1M
Total Revenue (Q)
$1.0B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.gov

Analysis

Q1 2024 revenue was $987.0M. Akamai began more actively positioning compute for AI workloads during 2024, though the 10-Q itself still contains no AI-specific revenue disclosure. The company operates as one segment with no product-level revenue breakout. Compute revenue was growing (the company mentions 'increased sales of our cloud computing solutions' as a trend), and AI workloads on Akamai Connected Cloud were likely increasing modestly. Incrementing estimate to 1.5% (~$14.8M) to reflect growing AI inference at the edge and AI-enhanced security product adoption.
Analyzed by claude-opus-4-6

Quoted Figures

Revenue $986,970 thousand for three months ended March 31, 2024
10-Q filed for period ending March 31, 2024, Condensed Consolidated Statements of Income

AI Products Identified (Ring 1)

Cloud compute for AI inferenceAI-enhanced cybersecurity (Guardicore AI labeling, generative AI for security)Edge compute for AI workloads

AI-Enabled Items (Ring 2 — Not Counted)

These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.

Content delivery networkWeb application firewallDDoS mitigationBot managementGuardicore microsegmentationAPI Security (Noname)

Confidence Tier

EstimatedNo direct AI revenue disclosure — estimated from product mix