Cloudflare Stock Pops on Q2 Earnings Print — Here's Why

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 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%.

Read Also: Sandisk Stock Slides Despite Q4 Earnings Beat — Details “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 Pro, Cloudflare stock was up 17.43% to $334 in Thursday’s extended trading.

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