Cloudflare 8-K
PositiveEarningsNew guidanceRestructuringImpairment / charge
$150.7M in restructuring and other charges deepened GAAP losses despite higher non-GAAP operating income.
Filed 2026-08-06 16:20 ET
- 2.02 Results of Operations
- 7.01 Regulation FD Disclosure
- 9.01 Financial Statements and Exhibits
Summary
Q2 2026 results with Q3 and FY2026 guidance. Revenue grew 36% Y/Y and current remaining performance obligations grew 35%. GAAP operating and net losses included $150.7M of restructuring and other charges; non-GAAP operating income rose 33% Y/Y.
Key Figures
| Metric | Q2 2026 | Q2 2025 | Y/Y |
|---|---|---|---|
| Revenue | $696M | $512M | 36% |
| GAAP loss from operations | $(206)M | $(67.3)M | n/m |
| Non-GAAP income from operations | $96.1M | $72.3M | 32.9% |
| GAAP net loss | $(170)M | $(50.4)M | n/m |
| Non-GAAP net income | $108M | $75.1M | 43.6% |
| GAAP diluted EPS | $(0.48) | $(0.15) | n/m |
| Non-GAAP diluted EPS | $0.29 | $0.21 | 38.1% |
| Operating cash flow | $118M | $99.8M | 17.8% |
| Free cash flow | $56.4M | $33.3M | 69.4% |
- Restructuring and other charges were $150.7M in Q2; cash, cash equivalents and available-for-sale securities totaled $4.16B at 6/30/2026.
- Current remaining performance obligations grew 35% Y/Y.
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Revenue | Q3 2026 | $736M-$737M | — | — |
| Non-GAAP income from operations | Q3 2026 | $129M-$130M | — | — |
| Non-GAAP net income per share | Q3 2026 | $0.34; ≈374M weighted-average shares | — | — |
| Revenue | FY2026 | $2.864B-$2.870B | — | — |
| Non-GAAP income from operations | FY2026 | $443M-$445M | — | — |
| Non-GAAP net income per share | FY2026 | $1.25-$1.26; ≈374M weighted-average shares | — | — |
Investor Takeaways
- Q3 revenue and non-GAAP operating income and EPS versus guidance will indicate whether Q2’s growth and non-GAAP operating performance continue.
The summary is written by an AI model reading the filing.
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