Highlights

  • Q3 2026 Revenue of seven hundred and eighty-two point five million dollars grew thirty-nine percent year-over-year, the fastest growth rate in nearly four years.
  • Cloudflare crossed three billion dollars in annualised revenue, with channel partner revenue growing sixty-five percent year-over-year to represent thirty-two percent of total revenue.
  • Non-GAAP income from operations reached one hundred and thirty-seven million dollars, representing a Margin of approximately eighteen percent of revenue, up from fifteen percent a year earlier.
  • Full-year 2026 revenue guidance was raised to approximately two point nine six billion dollars, with Q4 guidance of eight hundred and forty-five to eight hundred and forty-six million dollars.

Cloudflare (NYSE:NET), the connectivity cloud company that provides security, networking, and developer platform services at the edge of the internet, delivered its strongest quarterly performance in Q3 2026, surpassing seven hundred and eighty-two million dollars in revenue, representing thirty-nine percent year-over-year growth. CEO Matthew Prince declared it the best quarter in the company's history, citing acceleration across its security products, Workers developer platform, and Demand from AI-related workloads. Adjusted EPS reached thirty-eight cents, clearing consensus estimates.

Workers Developer Platform and AI Momentum

Cloudflare's Workers developer platform, which now serves over ten million active developers, is experiencing rapid growth in AI-related use cases. Enterprises and AI laboratories are deploying Cloudflare's infrastructure to run AI inference at the network edge, reducing latency and compute costs. Management highlighted agentic AI workloads as an emerging demand driver for Workers AI.

Security and Connectivity Cloud Demand

Cloudflare's Zero Trust security products, Secure Access Service Edge, and DDoS protection solutions continued to generate strong demand in Q3 2026 as enterprises accelerated the replacement of legacy network security hardware with cloud-native alternatives. The company highlighted Cybersecurity threats as increasing in both Volume and sophistication, reinforcing the need for its always-on, globally distributed security network. The connectivity cloud model, which integrates networking, security, and developer tools into a unified platform, is resonating with enterprise buyers seeking to consolidate vendors.

Channel Partners and Large Customer Growth

Channel partner revenue grew sixty-five percent year-over-year in Q3 2026, with partner-sourced Business now representing thirty-two percent of total revenue, up from prior periods. This shift toward indirect sales channels improves Cloudflare's go-to-market efficiency and broadens its market reach. The company also continued to expand its base of large enterprise customers, with significant growth in the number of customers generating over one million dollars in annual revenue. Christian Smith was appointed as President of Revenue, tasked with scaling the sales organisation toward a five-billion-dollar annual Recurring Revenue target.

Profitability and Forward Outlook

Full-year 2026 revenue guidance was raised to approximately two point nine six billion dollars, up from prior guidance. Q4 2026 revenue was guided to eight hundred and forty-five to eight hundred and forty-six million dollars, implying continued thirty-nine percent or higher year-over-year growth.