Cloudflare Reports 39% Revenue Growth in Third Quarter 2026
Cloudflare (NET) reported its fastest quarterly revenue growth in nearly four years during its third-quarter 2026 earnings call. Total revenue rose 39% year-over-year to $782.5 million, driven by significant expansion in the enterprise sector and a 110% increase in total paying customers. The company is seeing particular strength from high-value clients, with those spending over $100,000 annually growing by 25%. Management is focusing on improving sales execution through leadership changes and leveraging its unique security infrastructure to identify vulnerabilities before public disclosure. Additionally, Cloudflare is positioning its lightweight 'isolate' technology as a more cost-effective alternative to traditional cloud containers for powering AI applications. The company aims to accelerate its timeline toward sustainable profitability while maintaining disciplined capital allocation.
Tickers: $NET
Topics: earnings report enterprise customers revenue growth sales restructuring