Fastly Targets Up to $1.3B Revenue by 2029 as AI Traffic Surges

Fastly outlined ambitious financial targets and a strategic pivot toward its unified edge-cloud platform during an Investor Day event. The company projects revenue between $1.1 billion and $1.3 billion by 2029, alongside gross margins of 67% to 71%, operating margins of 20% to 22%, and free cash flow margins of 12% to 15%. These targets represent a compound annual growth rate of 14% to 21% from 2026.
The company is experiencing substantial momentum in multi-product adoption and security-driven