Cloud computing firm Fastly Q2 revenue beats estimates, raises 2025 guidance
Overview
Fastly Q2 2025 revenue of $148.7 mln beats analyst expectations, per LSEG data
Adjusted EPS loss of $0.03 beats consensus estimates, per LSEG data
Company raises full-year 2025 financial guidance, expects positive free cash flow
Outlook
Fastly raises 2025 revenue guidance to $594 mln - $602 mln
Company expects Q3 2025 revenue of $149 mln - $153 mln
Fastly projects 2025 non-GAAP operating loss of $9 mln - $3 mln
Company anticipates positive free cash flow for full year 2025
Result Drivers
CUSTOMER ACQUISITION - Increased customer acquisition and expanded cross-sell opportunities driving record revenue, per CEO Kip Compton
PRODUCT PACKAGE DEALS - Product package deals grew over 50% year-over-year, contributing to revenue growth
RPO INCREASE - Record RPO of $315 mln, up 41% year-over-year, reflecting higher customer commitments
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $148.71 mln | $144.90 mln (10 Analysts) |
Q2 Adjusted EPS | Beat | -$0.03 | -$0.05 (10 Analysts) |
Q2 EPS |
| -$0.26 |
|
Q2 Net Income |
| -$37.54 mln |
|
Q2 Gross Margin |
| 54.5% |
|
Q2 Gross Profit |
| $81.12 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy."
Wall Street's median 12-month price target for Fastly Inc is $6.75, about 5.5% above its August 5 closing price of $6.38
Press Release: ID:nBwbg6rz6a
