• First quarter revenue came in at $173 million, and adjusted earnings per share were $0.13.
• For the full year, revenue is expected to be in the $710 million to $720 million range, with the midpoint below the $716.53 million estimate. 
• The full-year adjusted EPS range of between $0.27 and $0.33 was in line at the midpoint.

Shares of Fastly (FSLY) tumbled by midday on Thursday after the company’s first-quarter results failed to satisfy Wall Street’s appetite for a very aggressive beat.

At the time of writing, FSLY stock was down nearly 40% and on track to record its biggest single-day percentage decline ever, if session losses hold until the closing bell.

Street Takeaway On FSLY

According to TheFly, Piper Sandler said the first quarter (Q1) results were only in line, as expectations were for a larger beat. “The disappointment was in the core delivery business that saw lower quarter-over-quarter volumes than most were expecting, as pricing remained stable,” the firm said.

KeyBanc stated that given the rise in the share price thus far in 2026, “it's pretty reductive to say expectations were high for the print.”

“The issue in the quarter was where the miss actually came. Investors KeyBanc had spoken to recently had been bullish on the potential for agentic use of the internet and web applications to drive CDN traffic higher. With Network Services missing estimates in Q1, however, there will be a reset of the drivers from here,” the firm said, per TheFly.

Meanwhile, RBC Capital said it continues to look for signs of further stabilization in Fastly’s Network Services unit before becoming more constructive on the company, TheFly reported.

FSLY’s Q1 Numbers

In Q1, revenue increased 20% to $173 million, beating the estimate of $171.8 million polled by Fiscal AI. The company’s adjusted earnings per share (EPS) were $0.13, ahead of the $0.09 per share estimate.

For the full year, Fastly now forecasts revenue between $710 million and $720 million, with the midpoint of the range coming below the $716.53 million estimate. It guided adjusted EPS between $0.27 and $0.33, with the midpoint in line with the $ 0.30-per-share estimate.

What Retail Traders Think Of FSLY Stock

On Stocktwits, retail sentiment about FSLY turned ‘extremely bullish’ from ‘bullish’ amid ‘extremely high’ message volumes over the last 24 hours.

Users on the platform see the current dip as a buying opportunity.

One user believes the stock is way too oversold.

FSLY stock is up more than 88% so far this year, and has more than tripled in value over the past 12 months, outperforming the S&P 500.

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