Fastly Q1 Beats Estimates, Shares Fall 22%

Fastly reported Q1 adjusted EPS $0.13 vs $0.08 estimate, and record revenue $173 million, up 20% YoY.
Security revenue surged 47% YoY to $38.8 million, while network services grew 11% to $126.2 million.
Despite beat, shares plunged 22% after earnings, following a prior 19% rally ahead of the release.
FY2026 guidance: EPS $0.27‑$0.33 vs $0.27 consensus; revenue $710‑$725 million slightly above estimates.