# Cloudflare (NET) — Earnings

NET · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/net/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $0.29 |
| EPS estimate | $0.27 |
| EPS surprise | +8.05% |
| Revenue surprise | +4.72% |
| Revenue | $696.1M |
| Revenue estimate | $664.7M |
| Reported | Aug 6, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1477333/000147733326000054/cloud-20260630.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/be245f3d-ae8c-aeb8-44e0-315811039260.html) |

Cloudflare reported Q2 2026 results on August 6, 2026. Earnings per share were $0.29, ahead of the $0.27 estimate by 8.05%. Revenue was $696.1 million against a $664.7 million consensus, a 4.72% beat. Compared with Q2 2025, EPS rose about 38% from $0.21 and revenue rose about 36% from $512.3 million. Both were the highest quarterly figures in the table.

Revenue rose in every one of the last 20 quarters, roughly quadrupling from $172.3 million in Q3 2021. Annual revenue grew from $975 million in 2022 to $2.17 billion in 2025. EPS moved from about break-even in 2021 and 2022 to annual totals of $0.13 in 2022, $0.49 in 2023, $0.75 in 2024 and $0.92 in 2025. The first half of 2026 adds up to $0.54 per share, about 46% more than the $0.37 a year earlier. Cloudflare beat the EPS estimate in 19 of the last 20 quarters. The only miss was Q1 2025, by 2.26%.

Cloudflare reported Q3 between October 30 and November 7 in each of the past five years. That points to late October or early November 2026 for the next report, which will show whether the run of quarterly revenue gains continues.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Aug 6, 2026 | $0.27 | $0.29 | 8.05% | $664.7M | $696.1M |
| Q1 2026 | May 7, 2026 | $0.23 | $0.25 | 8.41% | $620.8M | $639.8M |
| Q4 2025 | Feb 10, 2026 | $0.27 | $0.28 | 3.21% | $591.3M | $614.5M |
| Q3 2025 | Oct 30, 2025 | $0.23 | $0.27 | 17.34% | $544.6M | $562.0M |
| Q2 2025 | Jul 31, 2025 | $0.18 | $0.21 | 14.50% | $501.3M | $512.3M |
| Q1 2025 | May 8, 2025 | $0.16 | $0.16 | -2.26% | $469.3M | $479.1M |
| Q4 2024 | Feb 6, 2025 | $0.18 | $0.19 | 5.61% | $452.1M | $459.9M |
| Q3 2024 | Nov 7, 2024 | $0.18 | $0.20 | 11.48% | $424.1M | $430.1M |
| Q2 2024 | Aug 1, 2024 | $0.14 | $0.20 | 42.05% | $394.1M | $401.0M |
| Q1 2024 | May 2, 2024 | $0.13 | $0.16 | 21.40% | $373.2M | $378.6M |
| Q4 2023 | Feb 8, 2024 | $0.12 | $0.15 | 23.86% | $353.1M | $362.5M |
| Q3 2023 | Nov 2, 2023 | $0.10 | $0.16 | 61.45% | $330.5M | $335.6M |
| Q2 2023 | Aug 3, 2023 | $0.07 | $0.10 | 33.87% | $305.6M | $308.5M |
| Q1 2023 | Apr 27, 2023 | $0.03 | $0.08 | 133.92% | $290.7M | $290.2M |
| Q4 2022 | Feb 9, 2023 | $0.05 | $0.06 | 33.04% | $274.1M | $274.7M |
| Q3 2022 | Nov 3, 2022 | $0.00 | $0.06 | 1664.71% | $250.6M | $253.9M |
| Q2 2022 | Aug 4, 2022 | −$0.01 | $0.00 | 100.00% | $227.3M | $234.5M |
| Q1 2022 | May 5, 2022 | $0.00 | $0.01 | 669.23% | $205.7M | $212.2M |
| Q4 2021 | Feb 10, 2022 | −$0.00 | $0.00 | 100.00% | $184.8M | $193.6M |
| Q3 2021 | Nov 4, 2021 | −$0.04 | $0.00 | 100.00% | $165.7M | $172.3M |

## Frequently Asked Questions

### When did Cloudflare (NET) last report earnings?

Cloudflare last reported on Aug 6, 2026, covering fiscal Q2 2026.

### Did NET beat earnings estimates?

Yes. Cloudflare reported EPS of $0.29 for Q2 2026 against a $0.27 estimate — a 8.05% beat.

### How much revenue did NET report last quarter?

Cloudflare reported $696.1M in revenue for Q2 2026, against a consensus estimate of $664.7M.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

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