Key Highlights

● Second-quarter revenue was $696.1 million, up 36% year on year.

● Non-GAAP operating income was $96.1 million, against a GAAP operating loss of $205.7 million.

● Full-year 2026 revenue is guided at $2,864.0 million to $2,870.0 million.

● Third-quarter results are due on 5 November 2026 after US trading ends.

Latest verified development

Cloudflare, Inc. (NYSE:NET) said on 13 October 2026 that it will report third-quarter results once US trading ends on 5 November 2026, for the quarter ended 30 September. The investor call follows at 2:00 p.m. Pacific time, or 5:00 p.m. Eastern. That date is the next scheduled company disclosure.

The company has also issued product announcements in recent weeks, including a post-quantum certificate authority on 29 September and a developer data platform called Basin on 1 October.

Latest reported results

The most recent results were for the second quarter, announced on 6 August 2026. Revenue was $696.1 million, up 36% year on year, and current remaining performance obligations, a measure of contracted revenue due within twelve months, rose 35%. Non-GAAP operating income was $96.1 million, or 13.8% of revenue, and non-GAAP net income was $107.8 million, or $0.29 per diluted share, against $0.21 a year earlier.

The GAAP picture was weaker. The company reported an operating loss of $205.7 million, or 29.6% of revenue, which included $150.7 million of restructuring and other charges, and a net loss of $170.0 million, or $0.48 per share. Free cash flow was $56.4 million, about 8% of revenue, and cash and securities totalled $4,162.8 million.

The distance between the non-GAAP and GAAP operating results is large this quarter, about $302 million, and it includes the $150.7 million of restructuring and other charges plus other excluded items.

Guidance

Management guided third-quarter revenue of $736.0 million to $737.0 million, non-GAAP operating income of $129.0 million to $130.0 million and non-GAAP earnings of $0.34 per share on about 374 million shares. For 2026 as a whole it guided revenue of $2,864.0 million to $2,870.0 million, non-GAAP operating income of $443.0 million to $445.0 million and non-GAAP earnings of $1.25 to $1.26 per share.

The ranges are unusually tight, so the November report will show quickly whether the company has landed within or beyond its forecasts. Chief executive Matthew Prince said the business model of the web is changing and that no company is better positioned than Cloudflare to help define its future, a statement of view rather than a measurable claim.

Third-quarter markers for Cloudflare

The November report will show whether third-quarter revenue growth stays close to the 36% reported in the second quarter, how non-GAAP operating income develops against the guided $129.0 million to $130.0 million, and whether restructuring charges recur.

Free cash flow of $56.4 million, about 8% of revenue, sits alongside more than $4 billion of cash and securities.