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Cloudflare (NET)
NYSE:NET
Earnings Data
Report Date
Apr 30, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.23Last Year’s EPS
0.16Same Quarter Last Year
Moderate Buy
Based on 27 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented strong top-line acceleration, robust enterprise momentum, record new ACV, substantial customer additions, improving retention, and materially stronger free cash flow and profitability — all signaling successful execution of go-to-market and product strategies. Headwinds include a modest gross-margin decline (below target), higher network expense allocation and capital intensity, and increasing revenue variability from usage-based pool-of-funds deals. On balance, the positive operational and financial momentum, large-enterprise wins, AI-driven demand tailwind, and cash generation materially outweigh the margin and variability challenges.Company Guidance
Strong Revenue Growth
Total revenue of $614.5M in Q4 FY2025, up 34% year-over-year, with FY2026 guidance of $2.785B–$2.795B (up 28%–29% YoY) and Q1 2026 revenue guide of $620M–$621M (up 29%–30% YoY).
Enterprise Momentum and New ACV Acceleration
Record new ACV in Q4, with new ACV book growing nearly 50% YoY — fastest growth since 2021. Closed the largest annual contract in company history ($42.5M ARR) and earlier in the year closed largest total contract value ($130M over five years).
Large Customer Expansion & Retention
4,298 customers paying >$100K (up 23% YoY). Revenue from large customers grew 42% YoY and contributed 73% of Q4 revenue (up from 69% a year ago). Dollar-based net retention rate was 120% (up 9% YoY, +1% QoQ). Customers spending >$1M reached 269 (up 55% YoY).
Profitability and Cash Generation
Operating income of $89.6M (operating margin 14.6%, consistent YoY) and net income of $106.8M (diluted EPS $0.28). Free cash flow of $99.4M in the quarter (16% of revenue), up from $47.8M prior year (approximately +108% YoY). Cash, cash equivalents and securities of $4.1B at quarter end.
Developer Platform & AI Tailwind
Cloudflare Workers/dev tools showed outsized growth: >4.5M active human developers on the platform. January weekly agent-generated requests on the network more than doubled month-over-month. Management emphasized AI/agent-driven demand as a material long-term tailwind across products.
Geographic and Customer-Count Strength
Paid customers ~332,000 (record addition of ~37,000 sequentially, +40% YoY). Regional growth: US revenue +31% YoY (49% of revenue), EMEA +31% YoY (27% of revenue), APAC +50% YoY (16% of revenue).
Backlog and Contract Visibility
Remaining performance obligations (RPO) of $2.496B, up 48% YoY and 16% sequentially; current RPO improved 34% YoY to 63% of total RPO, indicating stronger near-term visibility.
Go-to-Market Execution & Channel Progress
Global sales productivity increased YoY for the eighth consecutive quarter and surpassed 2021 all-time highs. Sales capacity growth fastest since 2022, highest quota attainment in four years, and channel initiatives showing traction (published price lists, partner momentum).
NET Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NET Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 10, 2026 | $179.98 | $189.41 | +5.24% |
Oct 30, 2025 | $222.50 | $253.30 | +13.84% |
Jul 31, 2025 | $207.68 | $200.11 | -3.65% |
May 08, 2025 | $124.31 | $132.34 | +6.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Cloudflare (NET) report earnings?
Cloudflare (NET) is schdueled to report earning on Apr 30, 2026, After Close (Confirmed).
What is Cloudflare (NET) earnings time?
Cloudflare (NET) earnings time is at Apr 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NET EPS forecast?
NET EPS forecast for the fiscal quarter 2026 (Q1) is 0.23.
