Akamai Technologies, Inc. · NASDAQ:AKAM
Akamai Technologies — Corporate Update (September 2026)
8 slides from Akamai Technologies's corporate update, Sep 24, 2026
Slide 1: Expanded Strategic Relationship with Anthropic
September 24, 2026 Customer Announcement Overview Expanded Strategic Relationship with Anthropic
Slide 2: Safe Harbor
Safe Harbor This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 regarding future events and the future results of Akamai. All statements other than statements of historical facts are statements that could be deemed forwar
Slide 3: Financial Overview
Financial Overview Expanded Strategic Relationship with Anthropic 3
Slide 4: Deal Timing & Cash Generation Phasing
Deal Timing & Cash Generation Phasing Multi-year capital expenditure schedule, revenue recognition inflection, and datacenter colocation ramp CONTRACTED TOTAL REVENUE CUMULATIVE CAPEX FULL RUN-RATE TIMING Steady-state straight-line ~$11.6 Billion ~$5.5B End of 2028 realization thereafter Timing CapE
Slide 5: Contract Award and Expansion Structure
Contract Award and Expansion Structure COMMITTED TODAY EXPANSION UPSIDE UP TO TOTAL AWARD POTENTIAL ~$11.6B ~$9B Potential Contract Value ~$20B WARRANT MILESTONE-BASED RELATIONSHIP WARRANT SCOPE 2% of shares 3% of shares outstanding outstanding 7-Year Commitment 1% per $3B revenue tranche 5 © 2026 A
Slide 6: Prior Large CIS Contract Commitments & Capital Allocation
Prior Large CIS Contract Commitments & Capital Allocation Cloud Infrastructure Services (CIS) Portfolio ~$2.8B of Prior PORTFOLIO POWER DEMAND & EFFICIENCY TCV Commitments Delivery of previous large contracts plus the new Anthropic deal requires $11.6B New Anthropic approximately 95-105 Megawatts Co
Slide 7: Key Warrant Terms
Key Warrant Terms Key terms of the warrant agreement entered into as part of the expanded strategic relationship with Anthropic - Up to 7.7M common equivalent of Series B Non-Voting Convertible Preferred Stock of Akamai SHARES - Equal to up to ~5% of Total Shares Outstanding - 3.1M shares expected t
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