Cloudflare, Inc.: Beat — EPS $0.38, Revenue $782.51M
Earnings BeatQ3 2026 · After-market
Did Cloudflare, Inc. (NET) beat earnings?
Yes, Cloudflare, Inc. (NET) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+11.76% surprise
$0.38Actual
Expected: $0.34
vs. year ago +40.7%
Total Revenue+5.78% surprise
$782.51MActual
Expected: $739.74M
vs. year ago +39.0%
Released Nov 05 · 4:15 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $782.51M | $562.03M | +39.0% |
| Net Loss | ($34.06M) | ($1.29M) | - |
| GAAP Basic EPS | -$0.10 | -$0.00 | - |
| GAAP Diluted EPS | -$0.10 | -$0.00 | - |
| Non-GAAP Diluted EPS | $0.38 | $0.27 | +40.7% |
Financial Outlook / Guidance
| Metric | Q4 FY26 Outlook | FY26 Outlook | ||
|---|---|---|---|---|
| Guidance | Expected | Guidance | Expected | |
| Total revenue | $845.0M-$846.0M | $798.16MBeat +5.93% | $2,963.0M-$2,964.0M | $2.87BBeat +3.26% |
| Non-GAAP income from operations | $156.0M-$157.0M | — | $462.0M-$463.0M | — |
| Non-GAAP net income per share | $0.43 | $0.38Beat +13.16% | $1.35 | $1.26Beat +7.14% |
| Weighted average common shares outstanding | ~379M | — | ~376M | — |
Q4 FY26 Outlook
- Total revenue
- Guidance$845.0M-$846.0MExpected$798.16MBeat +5.93%
- Non-GAAP income from operations
- Guidance$156.0M-$157.0MExpected—
- Non-GAAP net income per share
- Guidance$0.43Expected$0.38Beat +13.16%
- Weighted average common shares outstanding
- Guidance~379MExpected—
FY26 Outlook
- Total revenue
- Guidance$2,963.0M-$2,964.0MExpected$2.87BBeat +3.26%
- Non-GAAP income from operations
- Guidance$462.0M-$463.0MExpected—
- Non-GAAP net income per share
- Guidance$1.35Expected$1.26Beat +7.14%
- Weighted average common shares outstanding
- Guidance~376MExpected—
Business Highlights
- ➤Cloudflare positions its connectivity cloud as a unified cloud-native platform and developer-tool suite.
- ➤Its network blocks billions of threats online for customers every day.
- ➤Cloudflare serves millions of organizations globally, including brands, nonprofits, humanitarian groups, and governments.
- ➤The company provides organizations tools to make employees, applications, and networks faster and more secure.
- ➤Cloudflare said organizations rely on its platform for protection as digital threats escalate.
Management Commentary
Matthew Prince, co-founder & CEO of Cloudflare
“The third quarter was Cloudflare's best quarter ever. We crossed $3 billion in annualized revenue with revenue of $782 million, up 39% year over year. We accelerated growth, delivering our fastest revenue growth in nearly four years, while expanding profitability.”
Matthew Prince, co-founder & CEO of Cloudflare
“We have built the development platform for the AI-powered Internet—and as digital threats escalate, organizations of every size continue to rely on Cloudflare for protection. Our engine is firing on all cylinders, and we've found an even higher gear for this next phase of growth.”