Cloudflare (NET) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $0.29
- Estimate
- $0.27
- Surprise
- +7.5%
- Revenue (period 2026-06-30)
- $696.1M
- Score at report (before → after)
- 5.5 → 5.4/10
Revenue source: xbrl.
How the report landed
Cloudflare (NET) beat the $0.27 estimate with diluted EPS of $0.29 — a clear 7.5% upside surprise. TrendMatrix's engine moved from Sell (5.5/10) to Hold at 5.4/10 after the report — the engine's score fell despite the beat.
Where TrendMatrix's rating stands now
TrendMatrix currently rates NET Hold at 5.2/10.
4 of the last 4 quarters beat the estimate; this quarter's +7.5% surprise compares with a +8.3% four-quarter average. Next scheduled report: 2026-10-29.
What supports the rating
- Strong earnings beat streak (4/4)
- Positive news sentiment (+1.00)
What argues against it
- Analyst target reached - limited upside remaining
- Near 52-week high (3.0% away)
- V7 low-quality RISK_OFF penalty: -0.5 (Q=4.7)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $325.89
- Price target
- $373.35
- Stop
- $301.92
- Upside to target
- +14.6%
Model outputs from TrendMatrix’s engine as of 2026-09-17 — shown for context, not personalized investment advice.
NET at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Software - Infrastructure
- Market cap
- $116.52B
- P/E (fwd)
- 195.2
- 52-week range
- $158.83–$334.60
- Off 52-week high
- 2.6%
- RSI (14)
- 62
- Volume vs avg
- 0.77×
- Score today
- 5.2/10