Cloudflare is trading 7.16% up at $306.96 after Q2 revenue and adjusted EPS beat estimates and management raised guidance.

  • Q2 revenue was $696.1 million, up 36% year over year; adjusted EPS was $0.29.
  • Management raised full-year 2026 guidance to $2.86–$2.87 billion revenue and $1.25–$1.26 adjusted EPS; Reuters linked the bullish reaction to resilient AI-driven demand across Cloudflare’s network.
  • The rally followed Cloudflare’s August 6 regular-session close of $284.43; software-sector strength and weaker jobs data were secondary support.