Cloudflare Q2 beats expectations with 36% revenue growth, driven by strong AI demand

Cloudflare reported strong second quarter results with revenue rising 36% year-over-year to $696.1 million, surpassing analyst estimates. Adjusted earnings per share were $0.29, beating expectations, supported by robust demand for AI-driven infrastructure. The company also saw record growth in paying customers and developers on its platform. For Q3, Cloudflare expects revenue between $736 million and $737 million and adjusted earnings of $0.34 per share, both above analyst forecasts, signaling continued growth momentum.