Cloudflare, Inc. (NET) stock
NETNYSEServices-Prepackaged SoftwareFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026Score 9/30268% above fair value
$280.70−29.60 (-9.54%)
Close on Oct 30, 2026Market cap $99.95BP/E –Yield –
Earnings
Cloudflare's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Next report
Oct 29, 2026
Q3 FY2026 · estimated, after the close
Revenue, Q2 FY2026
$696.10M
+35.9% on a year earlier
Non-GAAP net income per diluted share, Q2 FY2026
$0.29
$0.21 a year earlier
Latest guidance
Raised
Aug 6, 2026 · 6 items
Quarterly results
Revenue and earnings per share from each of Cloudflare's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q3 FY2026ended Sep 30, 2026 | Oct 29, 2026Expected | – | – | – | – | – |
| Q2 FY2026ended Jun 30, 2026 | Aug 6, 2026after the close | $696.10M | +35.9% | -$0.48 | $0.29 | Release |
| Q1 FY2026ended Mar 31, 2026 | May 7, 2026after the close | $639.80M | +33.5% | -$0.07 | $0.25 | Release |
| Q4 FY2025ended Dec 31, 2025 | Feb 10, 2026after the close | $614.50M | +33.6% | -$0.03 | $0.28 | Release |
| Q3 FY2025ended Sep 30, 2025 | Oct 30, 2025after the close | $562.00M | +30.7% | $0.00 | $0.27 | Release |
| Q2 FY2025ended Jun 30, 2025 | Jul 31, 2025after the close | $512.30M | +27.8% | -$0.15 | $0.21 | Release |
| Q1 FY2025ended Mar 31, 2025 | May 8, 2025after the close | $479.10M | +26.5% | -$0.11 | $0.16 | Release |
| Q4 FY2024ended Dec 31, 2024 | Feb 6, 2025after the close | $459.90M | +26.9% | -$0.04 | $0.19 | Release |
| Q3 FY2024ended Sep 30, 2024 | Nov 7, 2024after the close | $430.10M | +28.2% | -$0.04 | $0.20 | Release |
| Q2 FY2024ended Jun 30, 2024 | Aug 1, 2024after the close | $401.00M | +30.0% | -$0.04 | $0.20 | Release |
| Q1 FY2024ended Mar 31, 2024 | May 2, 2024after the close | $378.60M | +30.5% | -$0.10 | $0.16 | Release |
| Q4 FY2023ended Dec 31, 2023 | Feb 8, 2024after the close | $362.50M | +32.0% | -$0.08 | $0.15 | Release |
| Q3 FY2023ended Sep 30, 2023 | Nov 2, 2023after the close | $335.60M | +32.2% | -$0.07 | $0.16 | Release |
| Q2 FY2023ended Jun 30, 2023 | Aug 3, 2023after the close | $308.50M | +31.6% | -$0.28 | $0.10 | Release |
| Q1 FY2023ended Mar 31, 2023 | Apr 27, 2023after the close | $290.20M | +36.8% | -$0.12 | $0.08 | Release |
| Q4 FY2022ended Dec 31, 2022 | Feb 9, 2023after the close | $274.70M | +41.9% | -$0.14 | $0.06 | Release |
| Q3 FY2022ended Sep 30, 2022 | Nov 3, 2022after the close | $253.90M | +47.4% | -$0.13 | $0.06 | Release |
| Q2 FY2022ended Jun 30, 2022 | Aug 4, 2022after the close | $234.50M | – | -$0.20 | $0.00 | Release |
| Q1 FY2022ended Mar 31, 2022 | May 5, 2022after the close | $212.20M | – | -$0.13 | $0.01 | Release |
| Q4 FY2021ended Dec 31, 2021 | Feb 10, 2022after the close | $193.60M | – | -$0.24 | $0.00 | Release |
| Q3 FY2021ended Sep 30, 2021 | Nov 4, 2021after the close | $172.30M | – | -$0.34 | $0.00 | Release |
| Q2 FY2021ended Jun 30, 2021 | Aug 5, 2021after the close | – | – | – | – | Filing |
| Q1 FY2021ended Mar 31, 2021 | May 6, 2021after the close | – | – | – | – | Filing |
| Q4 FY2020ended Dec 31, 2020 | Feb 11, 2021after the close | – | – | – | – | Filing |
| Q3 FY2020ended Sep 30, 2020 | Nov 5, 2020after the close | – | – | – | – | Filing |
| Q2 FY2020ended Jun 30, 2020 | Aug 6, 2020after the close | – | – | – | – | Filing |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
Cloudflare's latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| Total revenue | Q3 FY2026 | $736.00M – $737.00M | – | New | Aug 6, 2026 |
| Non-GAAP income from operationsnon-GAAP | Q3 FY2026 | $129.00M – $130.00M | – | New | Aug 6, 2026 |
| Non-GAAP net income per sharenon-GAAP | Q3 FY2026 | $0.34 | – | New | Aug 6, 2026 |
| Total revenue | FY2026 | $2.86B – $2.87B | $2.81B – $2.81B | Raised | Aug 6, 2026 |
| Non-GAAP income from operationsnon-GAAP | FY2026 | $443.00M – $445.00M | $418.00M – $421.00M | Raised | Aug 6, 2026 |
| Non-GAAP net income per sharenon-GAAP | FY2026 | $1.25 – $1.26 | $1.19 – $1.20 | Raised | Aug 6, 2026 |
Guidance vs results
The last range Cloudflare gave before each report, against the figure it then reported. Full years add up the four quarters.
| Period | Metric | Guidance | Actual | Result |
|---|---|---|---|---|
| Q2 FY2026 | Non-GAAP net income per share | $0.27 | $0.29 | Above range |
| Q2 FY2026 | Revenue | $664.00M – $665.00M | $696.10M | Above range |
| Q1 FY2026 | Non-GAAP net income per share | $0.23 | $0.25 | Above range |
| Q1 FY2026 | Revenue | $620.00M – $621.00M | $639.80M | Above range |
| FY2025 | Non-GAAP net income per share | $0.91 | $0.92Σ4Q | Above range |
| FY2025 | Revenue | $2.14B – $2.14B | $2.17BΣ4Q | Above range |
| Q4 FY2025 | Non-GAAP net income per share | $0.27 | $0.28 | Above range |
| Q4 FY2025 | Revenue | $588.50M – $589.50M | $614.50M | Above range |
| Q3 FY2025 | Non-GAAP net income per share | $0.23 | $0.27 | Above range |
| Q3 FY2025 | Revenue | $543.50M – $544.50M | $562.00M | Above range |
| Q2 FY2025 | Non-GAAP net income per share | $0.18 | $0.21 | Above range |
| Q2 FY2025 | Revenue | $500.00M – $501.00M | $512.30M | Above range |
| Q1 FY2025 | Non-GAAP net income per share | $0.16 | $0.16 | Within range |
| Q1 FY2025 | Revenue | $468.00M – $469.00M | $479.10M | Above range |
| Q4 FY2024 | Non-GAAP net income per share | $0.18 | $0.19 | Above range |
| Q4 FY2024 | Revenue | $451.00M – $452.00M | $459.90M | Above range |
| Q3 FY2024 | Non-GAAP net income per share | $0.18 | $0.20 | Above range |
| Q3 FY2024 | Revenue | $423.00M – $424.00M | $430.10M | Above range |
| Q2 FY2024 | Non-GAAP net income per share | $0.14 | $0.20 | Above range |
| Q2 FY2024 | Revenue | $393.50M – $394.50M | $401.00M | Above range |
| Q1 FY2024 | Non-GAAP net income per share | $0.13 | $0.16 | Above range |
| Q1 FY2024 | Revenue | $372.50M – $373.50M | $378.60M | Above range |
| Q4 FY2023 | Non-GAAP net income per share | $0.12 | $0.15 | Above range |
| Q4 FY2023 | Revenue | $352.00M – $353.00M | $362.50M | Above range |
| Q3 FY2023 | Non-GAAP net income per share | $0.10 | $0.16 | Above range |
| Q3 FY2023 | Revenue | $330.00M – $331.00M | $335.60M | Above range |
| Q2 FY2023 | Non-GAAP net income per share | $0.07 – $0.08 | $0.10 | Above range |
| Q2 FY2023 | Revenue | $305.00M – $306.00M | $308.50M | Above range |
| Q1 FY2023 | Non-GAAP net income per share | $0.03 – $0.04 | $0.08 | Above range |
| Q1 FY2023 | Revenue | $290.00M – $291.00M | $290.20M | Within range |
| Q4 FY2022 | Non-GAAP net income per share | $0.04 – $0.05 | $0.06 | Above range |
| Q4 FY2022 | Revenue | $273.50M – $274.50M | $274.70M | Above range |
| Q3 FY2022 | Non-GAAP net income per share | $0.00 – $0.01 | $0.06 | Above range |
| Q3 FY2022 | Revenue | $250.00M – $251.00M | $253.90M | Above range |
| Q2 FY2022 | Non-GAAP net income (loss) per share | -$0.01 – $0.00 | $0.00 | Within range |
| Q2 FY2022 | Revenue | $226.50M – $227.50M | $234.50M | Above range |
| Q1 FY2022 | Revenue | $205.00M – $206.00M | $212.20M | Above range |
| Q4 FY2021 | Non-GAAP net income (loss) per share | -$0.01 – $0.00 | $0.00 | Within range |
| Q4 FY2021 | Revenue | $184.00M – $185.00M | $193.60M | Above range |
Guidance history
Every forecast Cloudflare put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Aug 6, 2026 | Non-GAAP net income per share | FY2026 | $1.25 – $1.26 | Raised |
| Aug 6, 2026 | Non-GAAP net income per share | Q3 FY2026 | $0.34 | New |
| Aug 6, 2026 | Non-GAAP income from operations | FY2026 | $443.00M – $445.00M | Raised |
| Aug 6, 2026 | Non-GAAP income from operations | Q3 FY2026 | $129.00M – $130.00M | New |
| Aug 6, 2026 | Total revenue | FY2026 | $2.86B – $2.87B | Raised |
| Aug 6, 2026 | Total revenue | Q3 FY2026 | $736.00M – $737.00M | New |
| May 7, 2026 | Non-GAAP net income per share | FY2026 | $1.19 – $1.20 | Raised |
| May 7, 2026 | Non-GAAP net income per share | Q2 FY2026 | $0.27 | New |
| May 7, 2026 | Non-GAAP income from operations | FY2026 | $418.00M – $421.00M | Raised |
| May 7, 2026 | Non-GAAP income from operations | Q2 FY2026 | $90.00M – $91.00M | New |
| May 7, 2026 | Total revenue | FY2026 | $2.81B – $2.81B | Raised |
| May 7, 2026 | Total revenue | Q2 FY2026 | $664.00M – $665.00M | New |
| Feb 10, 2026 | Non-GAAP net income per share | FY2026 | $1.11 – $1.12 | New |
| Feb 10, 2026 | Non-GAAP net income per share | Q1 FY2026 | $0.23 | New |
| Feb 10, 2026 | Non-GAAP income from operations | FY2026 | $378.00M – $382.00M | New |
| Feb 10, 2026 | Non-GAAP income from operations | Q1 FY2026 | $70.00M – $71.00M | New |
| Feb 10, 2026 | Total revenue | FY2026 | $2.79B – $2.80B | New |
| Feb 10, 2026 | Total revenue | Q1 FY2026 | $620.00M – $621.00M | New |
| Oct 30, 2025 | Non-GAAP net income per share | FY2025 | $0.91 | Raised |
| Oct 30, 2025 | Non-GAAP net income per share | Q4 FY2025 | $0.27 | New |
| Oct 30, 2025 | Non-GAAP income from operations | FY2025 | $297.00M – $298.00M | Raised |
| Oct 30, 2025 | Non-GAAP income from operations | Q4 FY2025 | $83.00M – $84.00M | New |
| Oct 30, 2025 | Total revenue | FY2025 | $2.14B – $2.14B | Raised |
| Oct 30, 2025 | Total revenue | Q4 FY2025 | $588.50M – $589.50M | New |
| Jul 31, 2025 | Non-GAAP net income per share | FY2025 | $0.85 – $0.86 | New |
| Jul 31, 2025 | Non-GAAP net income per share | Q3 FY2025 | $0.23 | New |
| Jul 31, 2025 | Non-GAAP income from operations | FY2025 | $284.00M – $286.00M | New |
| Jul 31, 2025 | Non-GAAP income from operations | Q3 FY2025 | $75.00M – $76.00M | New |
| Jul 31, 2025 | Total revenue | FY2025 | $2.11B – $2.12B | New |
| Jul 31, 2025 | Total revenue | Q3 FY2025 | $543.50M – $544.50M | New |
| May 8, 2025 | Non-GAAP net income per share | Q2 FY2025 | $0.18 | New |
| May 8, 2025 | Non-GAAP net income per share | FY2025 | $0.79 – $0.80 | Reaffirmed |
| May 8, 2025 | Non-GAAP income from operations | Q2 FY2025 | $62.50M – $63.50M | New |
| May 8, 2025 | Non-GAAP income from operations | FY2025 | $272.00M – $276.00M | Reaffirmed |
| May 8, 2025 | Total revenue | Q2 FY2025 | $500.00M – $501.00M | New |
| May 8, 2025 | Total revenue | FY2025 | $2.09B – $2.09B | Reaffirmed |
| Feb 6, 2025 | Non-GAAP net income per share | Q1 FY2025 | $0.16 | New |
| Feb 6, 2025 | Non-GAAP net income per share | FY2025 | $0.79 – $0.80 | New |
| Feb 6, 2025 | Non-GAAP income from operations | Q1 FY2025 | $54.00M – $55.00M | New |
| Feb 6, 2025 | Non-GAAP income from operations | FY2025 | $272.00M – $276.00M | New |
| Feb 6, 2025 | Total revenue | Q1 FY2025 | $468.00M – $469.00M | New |
| Feb 6, 2025 | Total revenue | FY2025 | $2.09B – $2.09B | New |
| Nov 7, 2024 | Non-GAAP net income per share | Q4 FY2024 | $0.18 | New |
| Nov 7, 2024 | Non-GAAP net income per share | FY2024 | $0.74 | Raised |
| Nov 7, 2024 | Non-GAAP income from operations | Q4 FY2024 | $57.00M – $58.00M | New |
| Nov 7, 2024 | Non-GAAP income from operations | FY2024 | $220.00M – $221.00M | Raised |
| Nov 7, 2024 | Total revenue | Q4 FY2024 | $451.00M – $452.00M | New |
| Nov 7, 2024 | Total revenue | FY2024 | $1.66B – $1.66B | Raised |
| Aug 1, 2024 | Non-GAAP net income per share | Q3 FY2024 | $0.18 | New |
| Aug 1, 2024 | Non-GAAP net income per share | FY2024 | $0.70 – $0.71 | Raised |
| Aug 1, 2024 | Non-GAAP income from operations | Q3 FY2024 | $50.00M – $51.00M | New |
| Aug 1, 2024 | Non-GAAP income from operations | FY2024 | $196.00M – $198.00M | Raised |
| Aug 1, 2024 | Total revenue | Q3 FY2024 | $423.00M – $424.00M | New |
| Aug 1, 2024 | Total revenue | FY2024 | $1.66B – $1.66B | Raised |
| May 2, 2024 | Non-GAAP net income per share | Q2 FY2024 | $0.14 | New |
| May 2, 2024 | Non-GAAP net income per share | FY2024 | $0.60 – $0.61 | Raised |
| May 2, 2024 | Non-GAAP income from operations | Q2 FY2024 | $35.00M – $36.00M | New |
| May 2, 2024 | Non-GAAP income from operations | FY2024 | $160.00M – $164.00M | Raised |
| May 2, 2024 | Total revenue | Q2 FY2024 | $393.50M – $394.50M | New |
| May 2, 2024 | Total revenue | FY2024 | $1.65B – $1.65B | Reaffirmed |
| Feb 8, 2024 | Non-GAAP net income per share | Q1 FY2024 | $0.13 | New |
| Feb 8, 2024 | Non-GAAP net income per share | FY2024 | $0.58 – $0.59 | New |
| Feb 8, 2024 | Non-GAAP income from operations | Q1 FY2024 | $34.00M – $35.00M | New |
| Feb 8, 2024 | Non-GAAP income from operations | FY2024 | $154.00M – $158.00M | New |
| Feb 8, 2024 | Total revenue | Q1 FY2024 | $372.50M – $373.50M | New |
| Feb 8, 2024 | Total revenue | FY2024 | $1.65B – $1.65B | New |
| Nov 2, 2023 | Non-GAAP net income per share | Q4 FY2023 | $0.12 | New |
| Nov 2, 2023 | Non-GAAP net income per share | FY2023 | $0.45 – $0.46 | Raised |
| Nov 2, 2023 | Non-GAAP income from operations | Q4 FY2023 | $28.00M – $29.00M | New |
| Nov 2, 2023 | Non-GAAP income from operations | FY2023 | $110.00M – $111.00M | Raised |
| Nov 2, 2023 | Total revenue | Q4 FY2023 | $352.00M – $353.00M | New |
| Nov 2, 2023 | Total revenue | FY2023 | $1.29B – $1.29B | Raised |
| Aug 3, 2023 | Non-GAAP net income per share | Q3 FY2023 | $0.10 | New |
| Aug 3, 2023 | Non-GAAP net income per share | FY2023 | $0.37 | Raised |
| Aug 3, 2023 | Non-GAAP income from operations | Q3 FY2023 | $20.00M – $21.00M | New |
| Aug 3, 2023 | Non-GAAP income from operations | FY2023 | $81.00M – $85.00M | Raised |
| Aug 3, 2023 | Total revenue | Q3 FY2023 | $330.00M – $331.00M | New |
| Aug 3, 2023 | Total revenue | FY2023 | $1.28B – $1.29B | Lowered |
| Apr 27, 2023 | Non-GAAP net income per share | Q2 FY2023 | $0.07 – $0.08 | New |
| Apr 27, 2023 | Non-GAAP net income per share | FY2023 | $0.34 – $0.35 | Raised |
| Apr 27, 2023 | Non-GAAP income from operations | Q2 FY2023 | $14.00M – $15.00M | New |
| Apr 27, 2023 | Non-GAAP income from operations | FY2023 | $73.00M – $77.00M | Raised |
| Apr 27, 2023 | Total revenue | Q2 FY2023 | $305.00M – $306.00M | New |
| Apr 27, 2023 | Total revenue | FY2023 | $1.28B – $1.28B | New |
| Feb 9, 2023 | Non-GAAP net income per share | Q1 FY2023 | $0.03 – $0.04 | New |
| Feb 9, 2023 | Non-GAAP net income per share | FY2023 | $0.15 – $0.16 | New |
| Feb 9, 2023 | Non-GAAP income from operations | Q1 FY2023 | $11.50M – $12.50M | New |
| Feb 9, 2023 | Non-GAAP income from operations | FY2023 | $54.00M – $58.00M | New |
| Feb 9, 2023 | Total revenue | Q1 FY2023 | $290.00M – $291.00M | New |
| Feb 9, 2023 | Total revenue | FY2023 | $1.33B – $1.34B | New |
| Nov 3, 2022 | Non-GAAP net income per share | Q4 FY2022 | $0.04 – $0.05 | New |
| Nov 3, 2022 | Non-GAAP net income per share | FY2022 | $0.11 – $0.12 | Raised |
| Nov 3, 2022 | Non-GAAP income from operations | Q4 FY2022 | $12.00M – $13.00M | New |
| Nov 3, 2022 | Non-GAAP income from operations | FY2022 | $31.00M – $32.00M | Raised |
| Nov 3, 2022 | Total revenue | Q4 FY2022 | $273.50M – $274.50M | New |
| Nov 3, 2022 | Total revenue | FY2022 | $974.00M – $975.00M | Raised |
| Aug 4, 2022 | Non-GAAP net income per share | Q3 FY2022 | $0.00 – $0.01 | New |
| Aug 4, 2022 | Non-GAAP net income per share | FY2022 | $0.03 – $0.04 | Reaffirmed |
| Aug 4, 2022 | Non-GAAP income from operations | Q3 FY2022 | $0 – $1.00M | New |
| Aug 4, 2022 | Non-GAAP income from operations | FY2022 | $7.00M – $11.00M | Lowered |
| Aug 4, 2022 | Total revenue | Q3 FY2022 | $250.00M – $251.00M | New |
| Aug 4, 2022 | Total revenue | FY2022 | $968.00M – $972.00M | New |
| May 5, 2022 | Non-GAAP net income (loss) per share | Q2 FY2022 | -$0.01 – $0.00 | New |
| May 5, 2022 | Non-GAAP net income per share | FY2022 | $0.03 – $0.04 | New |
| May 5, 2022 | Non-GAAP loss from operations | Q2 FY2022 | -$2.00M – -$1.00M | New |
| May 5, 2022 | Non-GAAP income from operations | FY2022 | $10.00M – $14.00M | Reaffirmed |
| May 5, 2022 | Total revenue | Q2 FY2022 | $226.50M – $227.50M | New |
| May 5, 2022 | Total revenue | FY2022 | $955.00M – $959.00M | Raised |
| Feb 10, 2022 | Non-GAAP income from operations | Q1 FY2022 | $500.00K – $1.50M | New |
| Feb 10, 2022 | Non-GAAP income from operations | FY2022 | $10.00M – $14.00M | New |
| Feb 10, 2022 | Total revenue | Q1 FY2022 | $205.00M – $206.00M | New |
| Feb 10, 2022 | Total revenue | FY2022 | $927.00M – $931.00M | New |
| Nov 4, 2021 | Non-GAAP net income (loss) per share | Q4 FY2021 | -$0.01 – $0.00 | New |
| Nov 4, 2021 | Non-GAAP net loss per share | FY2021 | -$0.06 – -$0.05 | New |
| Nov 4, 2021 | Non-GAAP income (loss) from operations | Q4 FY2021 | -$1.00M – $0 | New |
| Nov 4, 2021 | Non-GAAP loss from operations | FY2021 | -$10.50M – -$9.50M | New |
| Nov 4, 2021 | Total revenue | Q4 FY2021 | $184.00M – $185.00M | New |
| Nov 4, 2021 | Total revenue | FY2021 | $647.00M – $648.00M | New |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases Cloudflare filed with the SEC as exhibits to Form 8-K or 6-K
- News
- News
- Results
- Results
- Results
- Results
- Results
- Results
- News
- News
- Results
- Update
- Results
- Results
- Results