Cloudflare Inc. (NET) beat expectations in Q2 FY2026 on revenue of $696.1M versus the $664.7M estimate (+35.9% YoY) and EPS of $0.29. The next Cloudflare Inc. (NET) earnings date is Oct 29, 2026. Below is the full Cloudflare Inc. earnings breakdown — the risk-adjusted verdict, price forecast, technicals, options and hedge-fund 13F holdings, decoded in plain English.
Cloudflare Inc. (NET) Earnings Analysis — key stats
Next earnings date
Oct 29, 2026
Latest reported quarter
Q2 FY2026
Earnings verdict
Beat
EPS beat rate
7 of last 8 (quarters above estimate)
Avg next-day move
±8.8% (over the last 8 reports)
Post-earnings direction
Up 5 / Down 3 (of the last 8 reports)
Implied move (next report)
±24.4% (options-derived · into Oct 29, 2026)
Institutional ownership
65.9% (13F as of 2026-06-30)
Top 10 holders
40.9% (of shares outstanding)
Insider activity
1 buys / 11 sells (recent Form 4 filings)
Revenue
$696.1M (vs $664.7M est · +4.7% surprise · +35.9% YoY)
EPS
$0.29 (vs $0.27 est · +8.0% surprise · +230.6% YoY)
Share price
$315.67 (-4.6%)
Market cap
$112.0B
Cloudflare Inc. (NET) Earnings Analysis — beat / miss history
Quarter
Revenue
EPS
EPS surprise
Next-day move
Verdict
Q3 FY2026
$696.1M vs $664.7M est
$0.29 vs $0.27 est
+8.0%
+2.5%
Beat
Q2 FY2026
$639.8M vs $620.8M est
$0.25 vs $0.23 est
+8.4%
-21.1%
Beat
Q1 FY2026
$614.5M vs $591.3M est
$0.28 vs $0.27 est
+3.2%
+9.0%
Beat
Q4 FY2025
$562.0M vs $544.6M est
$0.27 vs $0.23 est
+17.3%
+11.4%
Beat
Q3 FY2025
$512.3M vs $501.3M est
$0.21 vs $0.18 est
+14.5%
-0.4%
Beat
Q2 FY2025
$479.1M vs $469.3M est
$0.16 vs $0.16 est
-2.3%
+8.7%
Mixed
Q1 FY2025
$459.9M vs $452.1M est
$0.19 vs $0.18 est
+5.6%
+15.5%
Mixed
Q4 FY2024
$430.1M vs $424.1M est
$0.20 vs $0.18 est
+11.5%
-1.4%
Mixed
Top institutional holders
Holder
% outstanding
Shares
Value
QoQ change
Capital World Investors
6.9%
24.3M
$6.0B
+7.0%
Blackrock, INC.
6.1%
21.6M
$5.3B
+2.4%
Undisclosed filer
4.8%
16.8M
$4.1B
+4.9%
Morgan Stanley
4.3%
15.3M
$3.7B
-3.9%
Baillie Gifford & CO
4.1%
14.6M
$3.6B
-8.3%
Vanguard Capital Management LLC
4.1%
14.4M
$3.5B
+5.2%
Fmr LLC
3.6%
12.7M
$3.1B
-6.7%
Capital International Investors
3.1%
11.0M
$2.7B
+0.8%
State Street Corp
2.1%
7.4M
$1.8B
+3.4%
Geode Capital Management, LLC
1.7%
6.0M
$1.5B
-0.5%
Recent insider transactions
Insider
Role
Date
Type
Shares
Value
Graham-Cumming John
director
2026-08-10
Buy
3K
$112694
Graham-Cumming John
director
2026-08-10
Sell
64
$18736
Graham-Cumming John
director
2026-08-10
Sell
78
$23009
Graham-Cumming John
director
2026-08-10
Sell
36
$10643
Graham-Cumming John
director
2026-08-10
Sell
68
$20243
Graham-Cumming John
director
2026-08-10
Sell
81
$24190
Graham-Cumming John
director
2026-08-10
Sell
96
$28781
Graham-Cumming John
director
2026-08-10
Sell
97
$29194
What you'll find
Next Cloudflare Inc. (NET) earnings date, the expected move and the estimates priced in
A clear Beat / Miss / In-line / Mixed verdict the moment Cloudflare Inc. reports
Revenue & EPS versus estimates, guidance and segment trends
Multi-lens price forecast — analyst, quant, technical and options views
Deep research: red flags, risk decoder and earnings-call sentiment
Technicals, options / implied volatility and unusual-activity signals
Hedge-fund and legendary-investor 13F holdings in Cloudflare Inc. (NET)
Side-by-side peer and historical earnings comparison
Frequently asked questions
When is Cloudflare Inc.'s next earnings date?
Cloudflare Inc.'s (NET) next scheduled earnings date is Oct 29, 2026. Magnisto shows the confirmed date, the options-implied expected move and the revenue and EPS estimates Wall Street is modeling into the report.
Did Cloudflare Inc. (NET) beat or miss earnings?
In Q2 FY2026, Cloudflare Inc. (NET) posted beat results — revenue of $696.1M versus the $664.7M estimate (+4.7% surprise) and EPS of $0.29 versus $0.27 expected (+8.0% surprise). Magnisto decodes every Cloudflare Inc. (NET) report into a clear Beat, Miss, In-line or Mixed verdict and checks whether guidance was raised, held or cut.
How often does Cloudflare Inc. beat earnings estimates?
Over its last 8 reported quarters, Cloudflare Inc. (NET) beat Wall Street EPS estimates 7 times, most recently a beat result in Q3 FY2026. Magnisto tracks every Cloudflare Inc. (NET) quarter's revenue and EPS versus consensus and grades each one Beat, Miss, In-line or Mixed at a unified ±2% threshold.
How much does Cloudflare Inc. stock move after earnings?
Over its last 8 quarterly reports, Cloudflare Inc. (NET) moved an average of ±8.8% the day after earnings — ranging from -21.1% (Q2 FY2026) to +15.5% (Q1 FY2025). The stock rose after 5 of those 8 reports and fell after 3. Heading into its next report on Oct 29, 2026, options-implied volatility is pricing in a move of roughly ±24.4% (derived). Magnisto tracks the realized post-earnings move for every Cloudflare Inc. (NET) quarter alongside the beat/miss verdict — past moves don't predict the next one.
Who are the largest shareholders of Cloudflare Inc.?
Institutions hold about 65.9% of Cloudflare Inc.'s (NET) shares outstanding as of the 2026-06-30 13F quarter. Its largest institutional holders include Capital World Investors (6.9%), Blackrock, INC. (6.1%), Undisclosed filer (4.8%). Magnisto lists Cloudflare Inc.'s (NET) top 13F holders with each stake size and its quarter-over-quarter change.
Are insiders buying or selling Cloudflare Inc. (NET)?
In the most recent Form 4 filings Magnisto tracks, Cloudflare Inc. (NET) insiders recorded 1 purchase and 11 sales — net selling. Insider transactions are one signal among many and are often routine (option exercises or scheduled 10b5-1 sales), so Magnisto shows the raw feed for you to judge.
What is the forecast for Cloudflare Inc. (NET) stock?
Magnisto blends analyst price targets, quantitative research, technical trend and options-implied moves into a scenario range for Cloudflare Inc. (NET), anchored to the current $315.67 share price, so you can weigh the bull, base and bear cases for Cloudflare Inc. side by side.
Is Cloudflare Inc. (NET) a buy right now?
Magnisto does not give buy or sell tips. It gives you the institutional-grade evidence — the verdict, valuation, risks, technicals and hedge-fund 13F flows — so you can decide whether Cloudflare Inc. fits your own thesis and risk profile. This is research, not investment advice.