Cloudflare stock rises as Q3 growth lifts 2026 outlook
Published on 11/11/2026 at 16:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGrowth accelerates, margins remain central
- Third-quarter revenue climbed 39% year over year to 782.5 million US dollars.
- Management expects fourth-quarter GAAP profitability and raised its full-year 2026 revenue outlook.
- Adjusted operating profitability improved, while the GAAP operating loss widened.
Cloudflare reported its strongest recent growth phase with third-quarter revenue of 782.5 million US dollars, up 39% year over year. The company also raised its full-year 2026 outlook, keeping growth and the timing of sustainable profitability at the center of the investment case.
Cloudflare stock traded at 286.10 euros on Lang & Schwarz at 4:00 p.m. CET on Wednesday, November 11, 2026, 4.91% above the Xetra close of Tuesday, November 10, at 272.70 euros. The move from 262.45 euros in the previous report on November 10 is a separate comparison.
Revenue growth sets a higher bar
Cloudflare said in its November 5 earnings release that third-quarter revenue growth was the fastest in nearly four years. Current remaining performance obligations increased 37% year over year, pointing to continued demand across Cloudflare's platform.
Non-GAAP operating income rose to 137.1 million US dollars, or 17.5% of revenue, from 85.9 million US dollars, or 15.3%, a year earlier. On a GAAP basis, however, the operating loss widened to 67.9 million US dollars and net loss reached 34.1 million US dollars. Stock-based compensation, restructuring charges and other adjustments explain part of the gap between the two measures.
Profitability becomes the next test
For the fourth quarter, Cloudflare expects revenue of 845.0 million to 846.0 million US dollars, non-GAAP operating income of 156.0 million to 157.0 million US dollars and non-GAAP diluted earnings of 0.43 US dollars per share. Management also expects the company to reach GAAP profitability in that quarter, earlier than the prior target of no later than 2028.
Full-year 2026 revenue guidance now stands at 2.963 billion to 2.964 billion US dollars, with non-GAAP operating income of 462.0 million to 463.0 million US dollars and non-GAAP diluted earnings of 1.35 US dollars per share. The outlook improves the growth profile, but investors will still watch gross-margin pressure and the conversion of adjusted profit into GAAP earnings.
US equities trade against a broader S&P 500 market backdrop.
More news and analyses on Cloudflare stock
Cloudflare company profile
- Company: Cloudflare, Inc.
- ISIN: US18915M1071
- NYSE ticker: NET
- Lang & Schwarz price: 286.10 euros on November 11, 2026, at 4:00 p.m. CET
- Change versus prior Xetra close: 4.91% above the November 10 close of 272.70 euros
- Third-quarter revenue: 782.5 million US dollars, up 39% year over year
- Non-GAAP operating margin: 17.5% in the third quarter of fiscal 2026
