Cloudflare, Inc. - 8-K Filing
Cloudflare reported Q1 2026 revenue of $639.8 million, up 34% YoY, with non-GAAP net income per share at $0.25 (up from $0.16 in Q1 2025). The company announced a restructuring plan to transition to an agentic AI-first operating model, including cutting ~20% of its workforce (~1,100 employees) and expecting charges between $140 million–$150 million (mostly cash costs for severance), with execution expected by Q3 2026. Guidance for FY2026 includes revenue of $2.8 billion–$2.813 billion. (Items: 2.02 Results of Operations and Financial Condition, 2.05 Costs Associated with Exit or Disposal Activities, 7.01 Regulation FD Disclosure, 9.01 Financial Statements and Exhibits)
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