What is Cloudflare's expected EPS for Q2 2026?

Analysts expect Cloudflare (NET) to report consensus EPS of approximately $0.27 for Q2 2026. Estimates range from $0.25 to $0.29.

What revenue do analysts expect for Cloudflare in Q2 2026?

The consensus revenue forecast for Cloudflare (NET) in Q2 2026 is approximately $666M. Forecasts range from $661M to $688M.

How many analysts cover Cloudflare?

19 analysts contribute to the Cloudflare (NET) Q2 2026 consensus estimate.

Has Cloudflare beaten earnings estimates recently?

Cloudflare beat analyst EPS estimates in 2 of the last 2 quarters. Cloudflare beat revenue estimates in 2 of 2. In the most recent quarter (Q1 2026), Cloudflare EPS beat by 8.4% and revenue beat by 3%.

When does Cloudflare report Q2 2026 earnings?

Cloudflare (NET) is expected to report Q2 2026 earnings on August 6, 2026 after market close.

NET Q2 2026 earnings estimate

Consensus EPS · Q2 2026

$0.27

Consensus revenue · Q2 2026

$666.4M

Analysts

Expected report

Aug 6, 2026

After close

Upcoming earnings

Locks in 14 days 9 hours · AMC: Locks at 4:00 PM ET on report day

Revenue$666.4M$661M – $688.5M

EPS$0.27$0.25 – $0.29

What to watch

Analyst ratings: Upgrades trending

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Analyst consensus

Based on estimates from 19 analysts.

Metric	Low	Consensus	High
Revenue	$661M	$666.4M	$688.5M
EPS	$0.25	$0.27	$0.29
EBITDA	$192.5M	$193.2M	$195.5M
EBIT	$149.8M	$150.3M	$152.1M
Net income	$93.5M	$94.6M	$98.2M

Revenue$666.4M
EPS$0.27
EBITDA$193.2M
EBIT$150.3M
Net income$94.6M

Historical beat/miss

Actual reported results vs. analyst consensus at the time. Positive = beat, negative = miss.

Period	Rev. actual	Rev. est.	Rev. surprise	EPS actual	EPS est.	EPS surprise
Q1 2026	$639.8M	$620.8M	+3.0%	$0.25	$0.23	+8.4%
Q4 2025	$614.5M	$591.3M	+3.9%	$0.28	$0.27	+3.2%

Q1 2026+3.0%+8.4%
Q4 2025+3.9%+3.2%

Estimate revisions

How analyst consensus estimates have changed over the past 90 days.

Collecting data

Revision trends appear once we have collected at least two daily snapshots for this period.

Community vs analysts

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No community consensus for Cloudflare (NET) Q2 2026 yet. Make a prediction to start the crowd forecast.

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Analyst price target

Based on price targets from 6 analysts.

Low: $136.00
Consensus: $245.56
Median: $255.00
High: $314.00
Current: $268.98
Upside: -8.7%

Upside calculated vs most recent trading price of $268.98.

Consensus across all covering analysts. See the ranking ›

$245.56-8.71%

Analyst ratings

Consensus: Buy — based on 40 analyst ratings.

Buy 29Hold 9Sell 2

24-month trend

Recent analyst actions

Date	Firm	Action	From	To
Jul 21, 2026	Truist Securities	maintain	Buy	Buy
Jul 20, 2026	Wells Fargo	maintain	Overweight	Overweight
Jul 20, 2026	Citizens	maintain	Market Outperform	Market Outperform
Jul 17, 2026	Morgan Stanley	maintain	Overweight	Overweight
Jul 15, 2026	Mizuho	maintain	Outperform	Outperform
Jul 13, 2026	TD Cowen	maintain	Buy	Buy
Jul 13, 2026	Barclays	maintain	Overweight	Overweight
Jul 10, 2026	BTIG	maintain	Buy	Buy
Jul 7, 2026	Scotiabank	upgrade	Sector Perform	Sector Outperform
Jun 15, 2026	Citizens	maintain	Market Outperform	Market Outperform

Jul 21, 2026Truist SecuritiesBuy
Jul 20, 2026Wells FargoOverweight
Jul 20, 2026CitizensMarket Outperform
Jul 17, 2026Morgan StanleyOverweight
Jul 15, 2026MizuhoOutperform
Jul 13, 2026TD CowenBuy
Jul 13, 2026BarclaysOverweight
Jul 10, 2026BTIGBuy
Jul 7, 2026ScotiabankSector Outperform
Jun 15, 2026CitizensMarket Outperform

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