• Reported GAAP EPS of -$0.07 up 36.36% YoY • Reported revenue of $639.75M up 33.54% YoY • Cloudflare anticipates full year fiscal 2026 total revenue of $2.81B. For the second quarter, Cloudflare expects non-GAAP net income per share of $0.27.
Bullish
Cloudflare achieved strong 34% year-over-year revenue growth to $639.8M, alongside improved non-GAAP net income and free cash flow. The company is strategically evolving to an AI-first operating model.
Bearish
Cloudflare experienced GAAP and non-GAAP gross margin compression, alongside an increased GAAP operating loss. The company also announced a workforce reduction, expecting $140M in restructuring charges.