Cloudflare Says AI Agent Traffic Tops 50% as Q2 Revenue Jumps 36%

EarningsProduct / TechIndustry Impact 4
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Cloudflare said more than 50% of the traffic flowing across its network was nonhuman in the second quarter of 2026, reflecting rapid growth in AI agents and machine-to-machine traffic. The company ended the quarter with more than 7.4 million developers on its Workers platform, adding nearly two million in the quarter alone, and management said Workers remains one of the fastest-growing parts of its business. Cloudflare also introduced Monetization Gateway, Wallets and cloudflare.pay during the quarter to support transactions between AI agents, businesses and content providers. Second-quarter revenues increased 36% year over year, while dollar-based net retention reached 120%, and management said its total addressable market has expanded to more than $300 billion from $30 billion at the time of its IPO. The Zacks Consensus Estimate points to Cloudflare revenue growth of 32.5% in 2026 and 28.6% in 2027, with 2026 earnings estimated at $1.26 per share, up 35.5% from the prior year.

Impact on stocks 3

Cloud & Digital Infrastructure · 1 stocks
Cloudflare Inc
NET
▲ PositiveDemandTechnologyrelevance

Q2 revenue jumped 36% with 120% net retention and nearly 2M new Workers developers, showing strong end-customer adoption of Cloudflare's platform.

Artificial Intelligence · 1 stocks
Cybersecurity & Digital Trust · 1 stocks

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