Cloudflare (NET) Q3 2026 Earnings Call: Guidance and Outlook
Formal guidance covers both the fourth quarter and the full year 2026, featuring raised expectations for revenue and profitability alongside an anticipated acceleration to GAAP profitability.
About Cloudflare. Cloudflare, Inc. functions as a global provider of cloud-based services. The company delivers a comprehensive, integrated cloud security platform designed to safeguard a diverse array of digital environments, encompassing public and private clouds, on-premises infrastructure, Software-as-a-Service (SaaS) applications, and Internet of Things (IoT) devices.
Range of $845 million to $846 million, representing an increase of 38% year-over-year.
Operating income
Range of $156 million to $157 million.
Diluted net income per share
$0.43, assuming approximately 379 million shares outstanding.
Effective tax rate
20%.
Annual guidance
Revenue
Range of $2.963 billion to $2.964 billion, representing an increase of 37% year-over-year.
Operating income
Range of $462 million to $463 million.
Diluted net income per share
$1.35, assuming approximately 376 million shares outstanding.
Effective tax rate
20%.
Outlook
Demand momentum
Demand is driven by highly diversified momentum across geographies, verticals, and developer counts, with record net additions in every large customer cohort.
Developer growth
Active developers on the platform surpassed 10 million, more than doubling the count from the start of 2026.
CapEx expectations
Network CapEx is expected to remain between 14% and 15% of revenue for the full year 2026.
Security landscape
Management expects security vulnerabilities and threat disclosures to remain elevated over the next two years, driving increased adoption of unified platform defenses.
Dombey's summary of the Cloudflare Q3 2026 earnings call held Nov 5, 2026, written from the call itself. Every figure on this page was checked against what was said on the call, and quoted lines are management's own words; we do not add estimates or prices. The tone score is our read of management's wording, guidance and answers. Check figures against the company's SEC filings before acting. This is research, not investment advice.
