Cloudflare Q2 Revenue Accelerates to 36% Growth, Raises Full-Year Outlook
NET has more than doubled off its 52-week low of $158.83.
Summary
Cloudflare reported Q2 revenue of $696.1M (+36% YoY) and raised full-year guidance, with non-GAAP operating income of $96.1M. The stock is trading near 52-week highs.
Key Events · Earnings and Guidance · NET
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Revenue Growth Re-Accelerates
Revenue hit $696.1 million in Q2, up 36% year-over-year and marking an acceleration from prior quarters.
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Non-GAAP Profitability Improves
Non-GAAP income from operations reached $96.1 million, a 13.8% margin, up from $72.3 million a year ago.
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Full-Year Guidance Raised
The company now expects full-year revenue of $2.864–$2.870 billion, above prior consensus, with non-GAAP EPS of $1.25–$1.26.
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Strong Cash Generation
Operating cash flow was $117.6 million, and free cash flow came in at $56.4 million, representing 8% of revenue.
Analysis · NET · Technology
A standout second quarter saw revenue growth re-accelerate to 36% year-over-year, reaching $696.1 million. Non-GAAP operating income came in at $96.1 million, and the company lifted its full-year revenue guidance to $2.864–$2.870 billion, underscoring confidence in sustained momentum. While the results land against a backdrop of heavy insider selling and a recent major capital structure overhaul, the operational performance itself is a clear positive.
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At the time of this filing, NET was trading at $333.89 on NYSE in the Technology sector, with a market capitalization of approximately $101B. The 52-week trading range was $158.83 to $305.00. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.