Akamai Technologies delivered fourth-quarter results that topped Wall Street estimates, but shares tumbled about 8% in after-hours trading Thursday as investors focused on weaker-than-expected full-year guidance. The cybersecurity and cloud computing company posted Q4 non-GAAP earnings of $1.84 per share, beating the $1.75 consensus estimate. Revenue rose 7% year over year to $1.095 billion, slightly ahead of expectations for $1.08 billion.

Growth was driven by strength in higher-margin security and cloud offerings. Security revenue climbed 11% to $592 million, while Guardicore Segmentation and API Security revenue surged 36% to $90 million. Cloud Infrastructure Services (CIS) revenue jumped 45% to $94 million in the quarter. Delivery revenue, however, declined 2% year over year to $311 million. GAAP net income per diluted share fell 36% to $0.58, reflecting a $55 million restructuring charge tied primarily to severance costs and certain intangible asset impairments.

For the full year, revenue grew 5% to $4.21 billion. Non-GAAP EPS increased 10% to $7.12, while GAAP EPS declined 6% to $3.07. Akamai guided for fiscal 2026 non-GAAP EPS of $6.20 to $7.20, below the $7.34 consensus estimate. The company expects full-year revenue of $4.4 billion to $4.55 billion and a non-GAAP operating margin between 26% and 28%, a forecast that appeared to weigh on investor sentiment despite the quarterly beat.