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Cloudflare stock surges 17% after hours as Q3 revenue jumps 39% to $782M

Cloudflare stock surges 17% after hours as Q3 revenue jumps 39% to $782M

HaeB / Wikimedia Commons (CC BY-SA 4.0)

The internet infrastructure company posted 39% growth and raised its outlook for the rest of 2026

by Vivian Nguyen

2 min read

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Cloudflare shares surged more than 17% in after hours trading Thursday after the cloud infrastructure company reported third quarter revenue of $782.5 million, up 39% from a year earlier and well above Wall Street expectations.

The company reported adjusted earnings of $0.38 per share, compared with analyst estimates of approximately $0.34, according to MarketBeat. Revenue exceeded expectations of roughly $737 million by more than $45 million.

Cloudflare said the results marked its fastest revenue growth in nearly four years, as demand for its cloud infrastructure, cybersecurity and AI development services continued to expand.

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“The third quarter was Cloudflare’s best quarter ever,” said Matthew Prince, the company’s cofounder and CEO, adding that the company had surpassed $3 billion in annualized revenue.

The company reported adjusted operating income of $137.1 million, up from $85.9 million a year earlier, with its adjusted operating margin expanding to 17.5% from 15.3%.

However, its GAAP net loss widened to $34.1 million from $1.3 million in the same period last year. Its GAAP operating loss also increased to $67.9 million from $37.5 million.

Cloudflare’s current remaining performance obligations, a measure of contracted revenue expected to be recognized within the next 12 months, increased 37% from a year earlier.

The company also raised its financial outlook, projecting fourth quarter revenue between $845 million and $846 million, with adjusted earnings of $0.43 per share.

For the full year, Cloudflare now expects revenue between $2.963 billion and $2.964 billion, alongside adjusted earnings of $1.35 per share.

The results came amid a sharp technology stock selloff Thursday, which saw the Nasdaq Composite tumble nearly 5% as semiconductor and AI infrastructure companies suffered heavy losses.

Cloudflare itself had declined during regular trading alongside other cybersecurity stocks before rebounding sharply following its earnings release.

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

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