Cloudflare raises annual outlook above market estimates on AI-driven demand

Cloudflare shares rose about 16% premarket after the company raised its full-year outlook, citing higher enterprise spending on AI infrastructure. Cloudflare now forecasts revenue of $2.86B to $2.87B and adjusted EPS of $1.25 to $1.26. Reuters also notes strong cloud growth at Amazon and rising developer additions.

Cloudflare (NYSE: NET) shares rose about 16% to an all-time high after the company reported a Q2 earnings beat and raised its full-year outlook, according to the article. The update points to improved confidence in monetizing automated web traffic and strengthening cloud and network performance.

Cloudflare reported Q2 results showing that, for the first time, more than 50% of traffic on its network was automated rather than human, according to CEO Matthew Prince. After the report, NET shares hit a record intraday near $325. Revenue rose 36% to $696.1M, and full-year guidance was raised to $2.864B-$2.870B. Q3 revenue guidance was $736M-$737M.

Cloudflare (NET) shares rose about 8.2% after the company reported Q2 revenue of $696.1 million, up 36% year over year, and increased current remaining performance obligations by 35%. Cloudflare raised 2026 revenue guidance to $2.86–$2.87 billion. Q2 non-GAAP operating income was $96.1 million, while GAAP operating loss was $205.7 million.

Cloudflare (NYSE: NET) shares rose about 7.7% after its Q2 results beat and guidance was raised. Revenue grew 35.9% to $696.1 million, billings rose 34.8% to $753.5 million, and adjusted EPS was $0.29. Full-year revenue outlook was lifted to $2.87 billion and adjusted EPS to $1.26.

Cloudflare (NYSE:NET) reported Q2 adjusted EPS of $0.29 vs $0.27 expected, and revenue up 36% to $696.1 million vs $665.5 million consensus. The company cited AI-driven infrastructure demand. Q3 guidance calls for revenue of $736-$737 million and adjusted EPS of $0.34, above estimates. Shares were indicated up about 15%.