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.
- NET stock is moving. Watch the price action here.
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%.
“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.
Photo: Shutterstock
Login to comment