Cloudflare (NYSE: NET) shares jumped 12.61% to $320.00 in early trading on Aug. 7, according to Bybit data, touching an all-time high of $322.49 intraday by 9:38 a.m. ET (21:38 Beijing time). The gains follow the company's second-quarter results released earlier, which showed revenue of $696.1 million, up 36% year over year. Non-GAAP operating profit came in at $96.1 million, while non-GAAP diluted earnings per share were $0.29. Current remaining performance obligations (RPO) rose 35% year over year. Management raised its full-year guidance alongside the report: FY2026 revenue is now expected at $2.864 billion to $2.870 billion, versus a prior range of $2.805 billion to $2.813 billion. Non-GAAP EPS guidance was lifted to $1.25 to $1.26, from $1.19 to $1.20.
Cloudflare (NYSE: NET) shares jumped 12.61% to $320.00 in early trading on Aug. 7, according to Bybit data. The stock touched an intraday high of $322.49, an all-time record since its listing.
Second-quarter revenue up 36%
Cloudflare earlier reported second-quarter 2026 revenue of $696.1 million, up 36% year over year. Non-GAAP operating profit was $96.1 million, and non-GAAP diluted earnings per share came in at $0.29. Current remaining performance obligations (Current RPO) increased 35% year over year.
Full-year guidance raised
Management also lifted its outlook for the fiscal year. Cloudflare now guides FY2026 revenue to $2.864 billion–$2.870 billion, up from $2.805 billion–$2.813 billion previously. The non-GAAP EPS forecast was raised to $1.25–$1.26 from $1.19–$1.20.
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