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Akamai $AKAM authorized Jabil $JBL to procure about $1.7B of memory components, with Jabil holding the inventory on consignment and repurchasing it at cost as Akamai uses it.
Akamai also signed a new Lenovo hardware, software and services agreement with a 3-year master term and a related 7-year statement of work.
The commitments come as Akamai ramps infrastructure behind its 7-year, $11.6B Anthropic cloud deal, which could expand by another $9B to roughly $20B total.
AKAMAI EXPECTS $5.5 BILLION IN CAPITAL EXPENDITURE FOR THE INITIAL COMMITMENT, INCLUDING A $1.7 BILLION INCREASE IN 2026 CAPEX, WHILE ISSUING ANTHROPIC A WARRANT FOR UP TO 7.7 MILLION SHARES, OR 5% OF OUTSTANDING STOCK, AT $111.33 PER SHARE; 2026 REVENUE GUIDANCE IS UNCHANGED.
AKAMAI TECHNOLOGIES ANNOUNCES A MULTI-YEAR $11.6 BILLION AGREEMENT WITH ANTHROPIC TO SUPPORT RISING AI DEMAND, WITH POTENTIAL EXPANSION OF UP TO $9 BILLION, TAKING THE TOTAL COMMITMENT TO AS MUCH AS $20 BILLION.
*AKAMAI SHARES SURGE OVER 20% POSTMARKET ON ANTHROPIC PACT
$AKAM reported an $11.6B multi-year pact with Anthropic – deal may expand upp to $20B total, and AKAM issues warrants to Anthropic for up to 5% of the company. $AKAM sees $5.5B in capex tied to the pact