Akamai Technologies

Share repurchases The Company spent $300 million in the second quarter of 2025 to repurchase 3.9 million shares of its common stock at an average price of $77.51 per share.

SEC original ↗Akamai Technologies — Earnings release (8-K exhibit)EX-99Aug 7, 2025

(3) Capital expenditures presented in this table are reported on an accrual basis, which differs from the cash-basis presentation in the statements of cash flows.

SEC original ↗Akamai Technologies — Earnings release (8-K exhibit)EX-99Aug 7, 2025

These non-GAAP financial measures are non-GAAP income from operations, non-GAAP operating margin, non-GAAP net income, non-GAAP net income per diluted share, Adjusted EBITDA, Adjusted EBITDA margin, non-GAAP tax rate, capital expenditures, non-GAAP depreciation and amortization, capex as a percentage of revenue and impact of foreign currency exchange rates, as discussed below.

SEC original ↗Akamai Technologies — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Amortization of debt issuance costs and capitalized interest expense The issuance costs of Akamai's convertible senior notes are amortized to interest expense and are excluded from Akamai's non-GAAP results because management believes the non-cash amortization expense is not representative of ongoing operating performance.

SEC original ↗Akamai Technologies — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Non-GAAP net income GAAP net income adjusted for the following tax-affected items amortization of acquired intangible assets stock-based compensation amortization of capitalized stock-based compensation acquisition-related costs restructuring charges legal settlements amortization of debt issuance costs amortization of capitalized interest expense gains and losses on cost method investments and other non-recurring or unusual items that may arise from time to time.

SEC original ↗Akamai Technologies — Earnings release (8-K exhibit)EX-99Aug 7, 2025

With respect to the convertible senior notes due in each of 2033, 2029 and 2027, and those that matured in 2025, unless Akamai's weighted average stock price is greater than $93.01, $126.31, $116.18 and $95.10, respectively, the initial conversion prices, there will be no difference between GAAP and non-GAAP diluted weighted average common shares outstanding.

SEC original ↗Akamai Technologies — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Acquisition-related costs Acquisition-related costs include transaction fees, advisory fees, due diligence costs and other direct costs associated with strategic activities, as well as certain additional compensation costs payable to employees acquired from the Linode Limited Liability Company acquisition if employed for a certain period of time.

SEC original ↗Akamai Technologies — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Restructuring During the fourth quarter of 2025, manage ment committed to an action to restructure certain parts of the Company to align investments and simplify organizational structure to long-term growth priorities ( Q4 2025 Action ) .

SEC original ↗Akamai Technologies — 10-Q Quarterly report10-QAug 7, 2026

The Company's goals for the share repurchase program are to offset the dilution created by its employee equity compensation programs over time and provide the flexibility to return capital to shareholders as business and market conditions warrant, while still preserving its ability to pursue other strategic opportunities, including investments in its cloud infrastructure services.

SEC original ↗Akamai Technologies — 10-Q Quarterly report10-QAug 7, 2026

Legal Proceedings 45 Item 1A.

SEC original ↗Akamai Technologies — 10-Q Quarterly report10-QAug 7, 2026