Fastly Shares Fall More Than 20% After Third-Quarter Results

Enna Lee

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Fastly Shares Fall More Than 20% After Third-Quarter Results

The company beat estimates for four measures, while revenue growth slowed to 20% from 23% in the second quarter.

By Enna Lee

Published Nov 6, 2026, 10:51 PM EST

A sharply folded earnings report under hard amber studio light / TokenPost.ai

Fastly shares fell more than 20% by noon ET Thursday, Nov. 5, after the company released third-quarter results Wednesday evening, Nov. 4. The results topped estimates for revenue, earnings per share, gross margin and operating margin.

Revenue totaled $190.193 million for the quarter ended Sept. 30, up 20% from $158.223 million a year earlier. Growth was 23% in the second quarter, when revenue reached $183.3 million, so the annual growth rate slowed even as quarterly revenue increased.

Fastly provides edge-cloud services for websites, applications and APIs, along with security and computing services. On Nov. 4, the company also raised its 2026 revenue and free cash flow forecasts in an earlier outlook increase.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.