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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Cloudflare, Inc. (NET) is 10/10.
Cloudflare delivered Q1 revenue of $639.8 million, up 34% year-over-year, with dollar-based net retention at 118% and record sales productivity as AI and agentic workloads drove massive platform adoption with 5.5 million developers on Workers. Management raised both FY2026 revenue guidance to $2.805-2.813 billion and EPS guidance to $1.19-1.20, a 7% EPS raise reflecting strong operating leverage, while executing a 20% workforce reduction to restructure around an agentic AI-first organization.
Scored from Cloudflare, Inc.’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $460M | +26.9% | $-0.04 | +55.0% | 76.4% | -7.5% | -2.8% | $48M |
| FY2025 Q1 | $479M | +26.5% | $-0.11 | -10.0% | 75.9% | -11.1% | -8.0% | $53M |
| FY2025 Q2 | $512M | +27.8% | $-0.15 | -227.8% | 74.9% | -13.1% | -9.8% | $33M |
| FY2025 Q3 | $562M | +30.7% | $-0.00 | +91.7% | 74.0% | -6.7% | -0.2% | $82M |
| FY2025 Q4 | $615M | +33.6% | $-0.03 | +7.8% | 73.6% | -8.0% | -2.0% | $156M |
| FY2026 Q1 | $640M | +33.5% | $-0.07 | +40.9% | 71.2% | -9.7% | -3.6% | $84M |
| FY2026 Q2 | $696M | +35.9% | $-0.48 | -230.6% | 71.8% | -29.6% | -24.4% | $140M |