Cloudflare Stock Charges Higher On Q4 Earnings Beat Driven By AI Demand

by | Feb 10, 2026 | General

Cloudflare Inc (NYSE:NET) reported financial results for the fourth quarter after the market close on Tuesday. Here’s a look at the key highlights from the print.

Cloudflare Beats Estimates In Q4

  • Q4 Revenue: $614.51 million, versus estimates of $591.28 million
  • Q4 Adjusted EPS: 28 cents, versus estimates of 27 cents

Total revenue was up 34% on a year-over-year basis. The company reported a loss from operations of $49.2 million. Operating income totaled $89.6 million on an adjusted basis. Net cash flow from operating activities was $190.4 million and free cash flow came in at $99.4 million in the quarter.

Cloudflare ended the period with approximately $4.10 billion in cash, cash equivalents and available-for-sale securities.

“We had an exceptionally strong end to 2025. In Q4, we closed our largest annual contract value deal ever — averaging $42.5 million per year — and total new ACV grew nearly 50 percent year-over-year, our fastest growth rate since 2021,” said Matthew Prince, co-founder and CEO of Cloudflare.

“The shift toward AI and agents represents a fundamental re-platforming of the Internet that’s driving demand across Cloudflare’s services.”

Cloudflare Sets The Bar For 2026

Cloudflare expects first-quarter revenue of $620 million to $621 million versus estimates of $613.93 million. The company anticipates first-quarter adjusted earnings of 23 cents per share versus estimates of 25 cents per share. 

Cloudflare sees full-year 2026 revenue in the range of $2.79 billion to $2.80 billion versus estimates of $2.74 billion. The company expects full-year adjusted earnings to be between $1.11 and $1.12 per share versus estimates of $1.21 per share.

Cloudflare management will further discuss the quarter on an earnings call set for 5 p.m. ET.

NET Stock Rises After The Close

NET Price Action: Cloudflare shares were up 7.68% in after-hours, trading at $193.80 at the time of publication on Tuesday, according to Benzinga Pro.

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