Fastly, Inc. (FSLY) stock surged 25.46% in the after-hours session on Wednesday, following the release of its fourth-quarter financial results.
The significant price movement was driven by the company reporting record quarterly revenue of $172.6 million, a 23% year-over-year increase, and adjusted earnings per share of $0.12, which substantially exceeded the analyst consensus estimate of $0.06. Furthermore, Fastly's remaining performance obligations jumped 55% year-over-year to $353.8 million, indicating strong future revenue visibility.
Investor sentiment was further bolstered by the company's optimistic outlook. Fastly provided first-quarter and full-year 2026 revenue and adjusted EPS guidance that surpassed market expectations, signaling confidence in continued growth and operational improvement.