Skip to content
Fear & Greed30 Fear
Crypto market$2.64T−4.8%24h breadth23 up230 downBitcoin$77,201−5%Ethereum$2,216−6%Solana$93−8.7%XRP$1.22−8%BNB$685−9.8%Top gainersHYPE$89+10.4%TRX$0.356+8%KNTQ$0.501+6.9%Top losersBLAST$0.000019−38.3%REZ$0.0038−22.4%PONS$0.233−20.5%StocksNVDA$214−0.8%TSLA$403−0.2%AAPL$349+1.5%MSFT$530−0.2%COIN$161−1.1%
Advertisement
Cloudflare expects $665M revenue in Q2 2026 as AI tailwinds push valuation to record highs

Cloudflare expects $665M revenue in Q2 2026 as AI tailwinds push valuation to record highs

Via serverspan.com

The network infrastructure giant projects 30% year-over-year growth and is betting heavily on AI and stablecoin payments to sustain momentum

by Editorial Team

2 min read

In Technology

Share

Add us on Google

Coinbase Global, Inc. (COIN) price

Full chart and stats

Loading chart…

Market cap
$42.8B (shares as of 2026-06-30)
P/E (trailing)
Not meaningful: trailing loss. Diluted EPS −3.79 for 2025-07-01 to 2026-06-30, rolled from reported annual and year-to-date EPS (approximate) SEC filing
Annual revenue
$7.2B USD (FY ended 2025-12-31) 10-K
Annual revenue growth
+9.4% (FY ended 2025-12-31 vs FY ended 2024-12-31) 10-K
Annual net income
1,260,327,000 USD (FY ended 2025-12-31, attributable to the company) 10-K
Annual operating margin
20.0% (FY ended 2025-12-31)
Forward P/E
Unavailable: no dated forecast source

Gloria daily close for session Oct 28, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.

Coinbase Global, Inc. and its peers

Company PriceMarket capP/E (trailing)Forward P/EAnnual revenue (USD)Annual revenue growthAnnual net income (USD)Operating margin
Coinbase Global, Inc. COIN · Price dated Oct 28, 2026 · tokenized COINx $162$42.8BNot meaningfulLoss, diluted EPS −3.79
to 2026-06-30 · SEC filing		Unavailable$7.2BFY ended 2025-12-31 · 10-K+9.4%FY ended 2025-12-31 vs 2024-12-31 · 10-K1,260,327,000FY ended 2025-12-31, attributable to the company · 10-K20.0%FY ended 2025-12-31
Strategy Inc MSTR · Price dated Oct 28, 2026 · tokenized MSTRx $145UnavailableNot meaningfulLoss, diluted EPS −96.98
to 2026-06-30 · SEC filing		Unavailable$477.2MFY ended 2025-12-31 · 10-K+3.0%FY ended 2025-12-31 vs 2024-12-31 · 10-K−3,848,152,000FY ended 2025-12-31, attributable to the company · 10-K−1,140.8%FY ended 2025-12-31
Circle Internet Group, Inc. CRCL · Price dated Oct 28, 2026 · tokenized CRCLx $82Unavailable16.4Unavailable$2.7BFY ended 2025-12-31 · 10-K+63.9%FY ended 2025-12-31 vs 2024-12-31 · 10-K−69,508,000FY ended 2025-12-31, attributable to the company · 10-K−3.5%FY ended 2025-12-31
Bitmine Immersion Technologies, Inc. BMNR · Price dated Oct 28, 2026 · tokenized BMNRx $22$13.3BNot meaningfulLoss, diluted EPS −4.50
to 2026-05-31 · SEC filing		Unavailable$6.1MFY ended 2025-08-31 · 10-K+84.1%FY ended 2025-08-31 vs 2024-08-31 · 10-K348,577,000FY ended 2025-08-31, attributable to the company · 10-K7,288.1%FY ended 2025-08-31

Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.

Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Oct 29, 2026, 12:47 PM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.

Cloudflare is heading into its Q2 2026 earnings release with revenue guidance of $664M to $665M, reflecting year-over-year growth of roughly 30%. The report is scheduled for August 6, 2026, and the company’s projections land almost exactly in line with where Wall Street already expected them to be.

The numbers behind the guidance

Cloudflare issued the Q2 guidance during its Q1 2026 earnings call on May 7, 2026. In Q1, the company reported revenue of $639.8M, a 34% year-over-year increase, with non-GAAP EPS of $0.25 on approximately 377 million shares.

Advertisement

The Q2 outlook calls for EPS of $0.27, a modest step up from Q1. That EPS figure matches analyst consensus almost to the penny.

Cloudflare’s full-year 2026 revenue guidance sits between $2.805B and $2.813B, also reflecting around 30% year-over-year growth. At roughly 48 times forward sales, Cloudflare is priced like a company the market expects to keep compounding.

AI is the engine, and Cloudflare is leaning into it hard

CEO Matthew Prince has called artificial intelligence the “biggest tailwind” in Cloudflare’s history. According to Cloudflare’s 2026 App Innovation Report, 74% of leading organizations plan to increase AI integration over the coming year. The company is using that data point to position itself as an indispensable layer in the AI stack. Cloudflare’s strategy is characterized as “AI-first” operator, with gross margins and operating efficiencies listed as key focus areas alongside customer expansion.

The crypto angle: stablecoins for AI agents

Cloudflare is rolling out programmable stablecoin wallets designed to facilitate micropayments between AI agents, built around something called the x402 protocol in partnership with Coinbase. This gives AI agents the ability to pay each other automatically, using stablecoins, without a human approving every transaction.

For investors watching the August 6 earnings release, the key variables to track are whether actual Q2 revenue lands above the $665M ceiling of guidance, how gross margins trend as AI-driven demand scales, and any updates to the stablecoin wallet rollout timeline and Coinbase partnership scope.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

More in Technology

See all
Previous storyAlphabet attracts $115B in demand for jumbo bond sale as investors chase AI-linked debt