Akamai's stock dropped about 6% before the market opened after it announced a $2.2 billion notes offering.

AKAM · Akamai Technologies Inc.

The AI's read

The next-quarter sales and adjusted-profit forecasts fall below analyst estimates. But the latest quarter beat estimates, cloud infrastructure sales grew 34%, and a seven-year $11.6 billion Anthropic commitment supports later growth. The notes would repay older debt or fund cloud spending, leaving both support and pressure on Akamai's outlook.