Cloudflare Q3 revenue rises to $782.5 million, beating estimates

The internet infrastructure company posted 39% growth and raised its outlook for the rest of 2026 Cloudflare shares surged more than 17% in after hours trading Thursday after the cloud infrastructure company reported third quarter revenue of $782.5 million, up 39% from a year earlier and well above Wall Street expectations. The company reported adjusted earnings of $0.38 per share, compared with analyst estimates of approximately $0.34, according to MarketBeat. Revenue exceeded expectations of roughly $737 million by more than $45 million. Cloudflare said the results marked its fastest revenue growth in nearly four years, as demand for its cloud infrastructure, cybersecurity and AI development services continued to expand. “The third quarter was Cloudflare’s best quarter ever,” said Matthew Prince, the company’s cofounder and CEO, adding that the company had surpassed $3 billion in annualized revenue. The company reported adjusted operating income of $137.1 million, up from $85.9 million a year earlier, with its adjusted operating margin expanding to 17.5% from 15.3%. However, its GAAP net loss widened to $34.1 million from $1.3 million in the same period last year. Its GAAP operat...