Cloudflare lifts outlook after revenue rises 39%

Cloudflare reported third-quarter revenue of $782.5 million, a 39% increase from a year earlier, and raised its revenue outlook for the rest of fiscal 2026. Its shares rose sharply after the results, with reported gains varying by trading window: more than 17% in after-hours trading, more than 14% in late trading and about 15% in premarket trading. For the three months ended September 30, the company’s revenue exceeded analysts’ expectations. Cloudflare said the growth rate was its fastest in nearly four years. Adjusted earnings were 38 cents per share, compared with estimates of about 34 cents. The company forecast fourth-quarter revenue of $845 million to $846 million and full-year fiscal 2026 revenue of $2.963 billion to $2.964 billion. It also projected adjusted earnings of 43 cents per share for the fourth quarter and $1.35 for the full year. The reported analyst estimates were lower for both revenue and adjusted earnings. The stronger sales and outlook came alongside a wider loss under generally accepted accounting principles. Cloudflare reported a net loss of $34.1 million, compared with a $1.3 million loss in the same quarter a year earlier. Its GAAP operating loss...