Cloudflare Releases Q2 Financial Results, Raises Full-Year Profit Guidance, With 2026 Adjusted Earnings Per Share Ranging From $1.25 to $1.26
1 hours ago
Network security firm Cloudflare released its Q2 financial results and raised its full-year profit forecast, projecting adjusted earnings per share (EPS) for 2026 to range from $1.25 to $1.26, up from the prior guidance of $1.19 to $1.20 and exceeding Wall Street analysts’ consensus estimate of $1.20. The company’s second-quarter performance also beat market expectations. Cloudflare noted that as AI applications expand rapidly, corporate demand for network infrastructure and security services continues to grow. CEO Matthew Prince stated that the internet is shifting toward AI answer engines and agent-driven business models, with machine-to-machine traffic reshaping the network ecosystem. Back in May this year, Cloudflare announced it would cut roughly one-fifth of its workforce while advancing its AI agent-first strategy.
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