Cloudflare, Inc. Q3 2026 Earnings Recap

Cloudflare’s shares rose 9.6% after earnings, as revenue grew 39% year over year to $782 million and operating margin reached a company high of 17.5%. The quarter also showed accelerating customer and sales momentum, though the transcript provided does not include forward guidance.

Key Takeaways

• Revenue was $782 million, up 39% year over year; the company said it crossed $3 billion in annualized revenue.
• Adjusted operating profit was $137.1 million, a 17.5% margin, and free cash flow was $82.1 million. Gross margin was 72.4%.
• Dollar-based net retention was 122%, up 2 percentage points quarter over quarter and 3 points year over year.
• Cloudflare added more than 158,000 paying customers, up 110% year over year; customers paying over $100,000 annually topped 5,000, up 25%.
• Management cited record sales productivity and ACV growth, but the call excerpt gives no quantified outlook for the next quarter or full year.