Akamai Announces Proposed Offering of Convertible Senior Notes

(NASDAQ:AKAM) Akamai Technologies, Inc. announced its proposal to offer $1.1 billion in aggregate principal amount of convertible senior notes due 2028 and $1.1 billion in aggregate principal amount of convertible senior notes due 2031, to be sold only to qualified institutional buyers under Rule 144A of the Securities Act of 1933. The company will grant initial purchasers an option to purchase up to an additional $150.0 million in aggregate principal amount of the 2028 Notes and an additional $150.0 million in aggregate principal amount of the 2031 Notes, on the same terms and conditions. Upon conversion, Akamai will pay cash up to the aggregate principal amount of the notes to be converted and may pay or deliver cash, shares of Akamai’s common stock, or a combination thereof, for any excess conversion obligation. Interest on the notes will be payable semi-annually in arrears on May 15 and November 15 each year, beginning May 15, 2027. The 2028 Notes will mature on November 15, 2028, and the 2031 Notes will mature on November 15, 2031, unless earlier redeemed, repurchased, or converted. Akamai may redeem all, but not less than all, of either series of notes for cash if the outstanding principal amount is less than 10% of the aggregate principal amount initially issued, at a redemption price equal to the principal amount plus accrued and unpaid interest. The interest rate, initial conversion rate, offering price, and other terms will be determined at the time of pricing. The notes will be senior unsecured obligations of Akamai. Akamai intends to use the net proceeds, after costs and expenses related to convertible note hedge and warrant transactions, to repay at maturity a portion of its $1.15 billion outstanding aggregate principal amount of 0.375% Convertible Senior Notes due 2027, which mature on September 1, 2027, and/or to pay cash amounts due upon any earlier conversion of the 2027 Convertible Notes, and to fund capital expenditure requirements of its Cloud Infrastructure Services (CIS) business. Any remaining net proceeds will be used for general corporate purposes. Akamai will use a portion of the net proceeds to pay the cost of convertible note hedge transactions, partially offset by proceeds from the sale of warrants. If the initial purchasers exercise their option to purchase additional notes, Akamai expects to sell additional warrants and use a portion of the net proceeds from the sale of such additional notes, together with proceeds from the additional warrant transactions, to enter into additional convertible note hedge transactions. If Akamai undergoes a fundamental change prior to maturity, holders may require Akamai to repurchase their notes for cash at a price equal to 100% of the principal amount plus accrued and unpaid interest. Akamai expects to enter into convertible note hedge and warrant transactions with one or more of the initial purchasers and/or their affiliates and/or other financial institutions. The convertible note hedge transactions will cover the same number of shares of Akamai’s common stock that will initially underlie the notes, including any additional notes purchased. The hedge transactions are expected to reduce potential dilution upon conversion and/or offset cash payments in excess of principal. The warrants will cover the same number of shares and could have a dilutive effect if the market price exceeds the strike price, unless Akamai elects to settle in cash. The Option Counterparties and/or their affiliates may purchase shares of Akamai’s common stock and/or enter into derivative transactions concurrently with or shortly after pricing, and may modify their hedge positions in the secondary market, which could affect the market price of Akamai’s common stock or the notes. The notes and the common stock issuable upon conversion have not been and will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption.

Akamai Report: AI-Driven Digital Deception Is Escalating Enterprise Fraud and Shrinking Phishing Lifespans

(NASDAQ:AKAM) Akamai released its latest State of the Internet (SOTI) report titled 'AI-Driven Digital Deception: The Fraud and Abuse Report 2026', highlighting the evolving digital threat landscape driven by AI and automated infrastructure. The report states that online scams, including fake retail domains, social recruitment traps, and spoofed event portals, surpassed traditional phishing for the first time in Q1 2026, with detections approximately doubling from about 3.2 million to about 6.4 million. The operational lifespan of phishing attacks dropped by more than 50%, from 48 days in Q4 2025 to just 22 days in Q2 2026. Nearly 70% of phishing threats impersonated high technology (41.6%), financial services (18.9%), and commerce (8.4%) brands. High- and critical-risk login activity accounted for 26.6% of all recorded login attempts. Account verification requests made up 40% of high/critical login traffic, indicating systematic validation of email addresses by adversaries before launching large-scale credential stuffing attacks. Commerce experienced the highest volume of total login attempts at 41.1%. Regionally, Asia-Pacific (APAC) and Latin America (LATAM) recorded the highest proportions of high- and critical-risk login attempts at 36.4% and 37.8%, respectively. The report includes a security spotlight on ransomware by Ofer Wolf, Senior Vice President and General Manager of Enterprise Security at Akamai, who describes ransomware as a full-fledged criminal operating model centered on extortion. Akamai recommends evolving bot defenses, implementing intent-based behavioral inspection across the account lifecycle, and deploying microsegmentation as part of ransomware mitigation. The SOTI reports, now in their 12th year, draw insights from attacks observed across Akamai’s cybersecurity infrastructure, which handles a significant portion of global web traffic. Patrick Sullivan, Chief Technology Officer, Security Strategy at Akamai, emphasized that combating fraud is now a critical, cross-functional cybersecurity imperative. The report notes the increasing use of phishing as a service (PhaaS) toolkits, bulk domain registration, and fast-rotating infrastructure by attackers to evade static blocklists.

AI, Enterprise SaaS Workloads Drive Akamai Cloud Momentum

(NASDAQ:AKAM) Akamai announced a new wave of customer adoption for its Akamai Cloud Computing services, highlighting significant growth in enterprise and AI workloads. Software and SaaS companies represented the overwhelming majority of new customers, reinforcing Akamai's position as a trusted partner for software providers. There has been increased demand for next-generation GPU infrastructure, particularly for Akamai's NVIDIA RTX PRO™ 6000 Blackwell Server Edition GPU instances, which are being adopted for AI and compute-heavy workloads. Akamai expanded its customer base internationally, with Asia-Pacific & Japan (APJ) and EMEA accounting for most new customer additions. The company also gained traction in high-bandwidth industries, adding new customers in business services, digital media, and streaming. A leading North American technology innovator is deploying Akamai’s NVIDIA RTX PRO™ 6000 Blackwell Server Edition GPU infrastructure for high-performance AI model testing and specialized compute piloting. An Asia-Pacific logistics technology provider is migrating its AI-driven warehouse tracking and automation workloads to Akamai Cloud, displacing multiple legacy cloud providers to secure stable, cost-effective GPU and compute infrastructure. A rising developer platform is migrating its core microservices architecture from a major hyperscaler to Akamai LKE, deploying a tailored mix of GPU, shared, and dedicated compute instances alongside cloud firewalls, enabling the provider to achieve performance parity, dramatically reduce primary infrastructure costs, and scale nearly 1,500 active microservices efficiently. A global digital media producer selected Akamai GPU compute instances to accelerate streaming infrastructure, video rendering, and content distribution. A European healthcare research institution is deploying Akamai Cloud infrastructure to power secure, redundant cloud storage and mission-critical disaster recovery operations. A global media technology leader selected Akamai LKE and Object Storage to power its containerized media playout and processing operations, optimizing its cloud footprint and infrastructure economics while maintaining high-performance standards. Adam Karon, Chief Operating Officer and General Manager, Cloud Technology Group at Akamai, stated that as AI and data-heavy applications mature, enterprises require high-performance compute and GPU capacity tailored for efficiency and scale, which is driving technology leaders to Akamai.

Defining the Future of AI Security: Akamai Selected as Strategic Security Partner for WWT’s ARMOR Framework

(NASDAQ: AKAM) Akamai announced its selection as a strategic partner for World Wide Technology (WWT)’s AI Readiness Model for Operational Resilience (ARMOR). The collaboration integrates Akamai’s software intelligence with NVIDIA BlueField data processing units (DPUs) to address the 'security tax' faced by enterprises adopting AI. ARMOR is described as the industry’s first holistic, vendor-agnostic AI security framework, providing a structured blueprint across six critical domains. Akamai Guardicore Segmentation offloaded to NVIDIA BlueField accelerates ransomware containment by an average of 21.4%, reaching 32.6% for large enterprises. WWT’s Advanced Technology Center (ATC) serves as a global proving ground for AI architectures, and WWT provides products and services in up to 130 countries across six continents. WWT has more than 14,000 team members and over 60 locations worldwide. The company projects that embedding Akamai into the ARMOR reference model will enable enterprises to achieve true cyber resilience beyond baseline compliance.

Akamai Unveils Agentic Security Framework to Power Trusted AI-Driven Interactions and Commerce

(NASDAQ:AKAM) Akamai announced its unified agentic framework for its Bot & Agent Control solutions, connecting identity, observability, trust, and edge security into a single, real-time decisioning layer to power scalable AI-driven interactions at the edge. The framework consists of six tightly integrated pillars delivered through a coordinated ecosystem of partners, including Verified identity and human attribution, User-centric authentication, Adaptive trust analysis, Edge-based enforcement, Content monetization and value exchange, and Operational visibility and traffic analysis. Akamai is collaborating with Visa, Skyfire, and Experian to strengthen trusted AI agent identity through the “Know Your Agent” (KYA) framework and Visa’s Trusted Agent Protocol. Integrations with identity providers such as Auth0 and Ping Identity allow businesses to apply existing security policies, such as behavioral analysis and multi-factor authentication, to AI agents. Partnerships with TollBit and Skyfire enable publishers and content owners to negotiate access and facilitate tokenized, pay-per-request models for monetizing data. The company projects that its framework will provide a scalable model where every interaction is verified, understood, and acted on in real time. Akamai’s distributed edge network is used to evaluate the risk and intent of agentic requests instantly, maintaining security and control without compromising speed.