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Cloudflare Revenue Accelerates as Gross Margin Slips

Cloudflare earnings, outlook and a completed November 5 daily chart

Published Nov 6, 2026

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TL;DR

  • Third-quarter revenue rose 39% to $782.5 million.
  • GAAP gross margin declined to 71.2% from 74.0%.
  • The November 5 close was below both dated moving averages.

Cloudflare reported third-quarter 2026 revenue of $782.5 million, up 39% year over year. The company called it its fastest revenue growth in nearly four years. Non-GAAP diluted earnings per share were $0.38 versus $0.27 a year earlier, while its GAAP net loss was $34.1 million. Current remaining performance obligations, a contracted-future-revenue measure, grew 37%.

The tradeoff in the report was gross margin: GAAP gross margin fell to 71.2% from 74.0%. Cloudflare expects fourth-quarter revenue of $845 million to $846 million. The November 5 regular-session close was $244.51, below both its 50-day ($319.00) and 200-day ($249.77) simple moving averages. Those completed daily levels precede the earnings release; a future move requires a new dated check.

NET: November 5 close $244.51; 50-day $319.00 and 200-day $249.77 averages.Open chart to enlarge and pan at full size.

Watch the Cloudflare Short or the three-company Premarket Map. Source: SEC-filed quarterly release. Chart: TradingView daily candles through the November 5 close, without November 6 premarket trading. Explore Daily Levels.

Company outlooks are the company's own. This is market research only, not a recommendation to buy or sell.

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