Filing Flows › Cloudflare (NET) › Guidance history
Cloudflare (NET) guidance history: what it guided and what it reported
Cloudflare gave guidance in 12 earnings releases on file since May 2, 2024. Of 9 guided periods since reported, it met or beat its own guidance 9 times (100%). Revenue: 9 of 9, on average +3.1% against the guided midpoint. Its releases raised guidance once and lowered it 0 times.
Revenue
Met or beat 9 of 9 periods (8 above, 1 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $845M–$846M (Nov 5, 2026) | — | to be reported | — |
| Q3 2026 | $736M–$737M (Aug 6, 2026) | $783M | above the range | +6.2% |
| Q2 2026 | $664M–$665M (May 7, 2026) | $696M | above the range | +4.8% |
| Q1 2026 | $620M–$621M (Feb 10, 2026) | $640M | above the range | +3.1% |
| FY2026 | $2.8B–$2.8B (Feb 10, 2026) → raised $2.8B–$2.8B (May 7, 2026) → raised $2.9B–$2.9B (Aug 6, 2026) → raised $3.0B–$3.0B (Nov 5, 2026) | — | to be reported | — |
| Q4 2025 | $588M–$590M (Oct 30, 2025) | $615M | above the range | +4.3% |
| FY2025 | $2.1B–$2.1B (Feb 6, 2025) → reaffirmed $2.1B–$2.1B (May 8, 2025) → raised $2.1B–$2.1B (Jul 31, 2025) → raised $2.1B–$2.1B (Oct 30, 2025) | $2.2B | above the range | +1.2% |
| Q3 2025 | $544M–$544M (Jul 31, 2025) | $562M | above the range | +3.3% |
| Q2 2025 | $500M–$501M (May 8, 2025) | $512M | above the range | +2.4% |
| Q1 2025 | $468M–$469M (Feb 6, 2025) | $479M | above the range | +2.3% |
Adjusted operating income
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $156M–$157M (Nov 5, 2026) | — | to be reported | — |
| Q3 2026 | $129M–$130M (Aug 6, 2026) | — | — | — |
| Q2 2026 | $90.0M–$91.0M (May 7, 2026) | — | — | — |
| FY2026 | $378M–$382M (Feb 10, 2026) → raised $418M–$421M (May 7, 2026) → raised $443M–$445M (Aug 6, 2026) → raised $462M–$463M (Nov 5, 2026) | — | to be reported | — |
| Q1 2026 | $70.0M–$71.0M (Feb 10, 2026) | — | — | — |
| Q4 2025 | $83.0M–$84.0M (Oct 30, 2025) | — | — | — |
| Q3 2025 | $75.0M–$76.0M (Jul 31, 2025) | — | — | — |
| Q2 2025 | $62.5M–$63.5M (May 8, 2025) | — | — | — |
| FY2025 | $272M–$276M (Feb 6, 2025) → reaffirmed $272M–$276M (May 8, 2025) → raised $284M–$286M (Jul 31, 2025) → raised $297M–$298M (Oct 30, 2025) | — | — | — |
| Q1 2025 | $54.0M–$55.0M (Feb 6, 2025) | — | — | — |
Adjusted EPS
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $0.43 (Nov 5, 2026) | — | to be reported | — |
| Q3 2026 | $0.34 (Aug 6, 2026) | — | — | — |
| Q2 2026 | $0.27 (May 7, 2026) | — | — | — |
| FY2026 | $1.11–$1.12 (Feb 10, 2026) → raised $1.19–$1.20 (May 7, 2026) → raised $1.25–$1.26 (Aug 6, 2026) → raised $1.35 (Nov 5, 2026) | — | to be reported | — |
| Q1 2026 | $0.23 (Feb 10, 2026) | — | — | — |
| Q4 2025 | $0.27 (Oct 30, 2025) | — | — | — |
| Q3 2025 | $0.23 (Jul 31, 2025) | — | — | — |
| Q2 2025 | $0.18 (May 8, 2025) | — | — | — |
| FY2025 | $0.79–$0.80 (Feb 6, 2025) → reaffirmed $0.79–$0.80 (May 8, 2025) → raised $0.85–$0.86 (Jul 31, 2025) → raised $0.91 (Oct 30, 2025) | — | — | — |
| Q1 2025 | $0.16 (Feb 6, 2025) | — | — | — |
The latest quarter
Cloudflare, Q3 2026: revenue $783M (+39% year over year), operating margin -8.7%, net loss $34.1M, operating cash flow $215M. The chart follows the revenue to costs, profit and cash.
Questions
Does Cloudflare beat its guidance?
Cloudflare gave guidance in 12 earnings releases on file since May 2, 2024. Of 9 guided periods since reported, it met or beat its own guidance 9 times (100%). Revenue: 9 of 9, on average +3.1% against the guided midpoint.
How often does Cloudflare raise guidance?
Its earnings releases raised guidance once and lowered it 0 times since May 2, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.