Cloudflare Inc. (NYSE:NET) posted its second-quarter results after Thursday’s closing bell, beating estimates on the top and bottom lines. Here’s a look at the key figures from the quarter.
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Cloudflare Q2 Details
Cloudflare reported quarterly earnings of 29 cents per share, which beat the consensus estimate of 27 cents by 7.41%, according to Benzinga Pro data.
Quarterly revenue came in at $696.06 million, which beat the Street estimate of $665.5 million and was up from $512.32 million in the same period last year.
The company delivered current RPO (remaining performance obligations) year-over-year growth of 35%.
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“We delivered a stellar second quarter, highlighted by revenue accelerating to $696.1 million, up 36% year-over-year, and record growth in total paying customers, large customers and developers on our platform,” said Matthew Prince, CEO of Cloudflare.
“As the web shifts to AI answer engines and agent-driven commerce, we are seeing a fundamental rewrite of the Internet for machine-to-machine traffic. Cloudflare sits at the center of this paradigm shift — building the infrastructure, controls, developer tools and payment rails for the Agentic Internet,” Prince added.
Looking Ahead
Cloudflare raised its fiscal 2026 adjusted EPS guidance to between $1.25 and $1.26, versus the $1.21 analyst estimate, and raised its revenue outlook to a range of $2.86 billion to $2.87 billion, versus the $2.81 billion estimate.
NET Stock Price Activity: According to data from Benzinga Pro, Cloudflare stock was up 17.43% to $334 in Thursday’s extended trading.
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