Cloudflare (CF): H1 2026 Revenue Outlook Beats Estimates as AI-Driven Cloud Demand Surge

Cloudflare (CF) reported full-year and first-quarter sales above Wall Street estimates, citing strong AI-driven demand for its cloud services. The firm forecast 2026 sales of $2.79B–$2.80B, above $2.74B, and Q1 revenue of $620M–$621M, exceeding $613.9M. December quarter revenue rose 33.6% to $614.5M, outperforming $591.3M estimates, with the net loss narrowing to $12.1M from $12.8M. Shares gained nearly 12% in extended trading following the upbeat guidance. CEO Matthew Prince attributed growth to the proliferation of AI and agents, including integration via Cloudflare’s secure cloud platform.