NYSE$NET
Cloudflare · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Cloudflare's second quarter results demonstrated strong revenue growth and customer acquisition.
Cloudflare announced strong second quarter results with a 48% year-over-year revenue increase, reaching $99.7 million. The company also improved both GAAP and non-GAAP operating margins and added a record number of large and paying customers.
- Revenue increased by 48% year-over-year, totaling $99.7 million.
- GAAP operating margin improved by 450 basis points year-over-year, while non-GAAP operating margin improved by 1,820 basis points year-over-year.
- GAAP net loss per share improved by $0.14 year-over-year, and non-GAAP net loss per share improved by $0.19 year-over-year.
- Net cash flow from operations was $4.0 million, compared to negative $2.9 million in the second quarter of 2019.
Headline financials
Revenue & EPS history
Cloudflare · Revenue · Quarterly
$99.7M
Forward guidance
For the third quarter of fiscal 2020, Cloudflare expects total revenue of $102.5 to $103.5 million, non-GAAP loss from operations of $16 to $15 million, and non-GAAP net loss per share of $0.06 to $0.05. For the full year fiscal 2020, the company expects total revenue of $404 to $408 million, non-GAAP loss from operations of $55 to $53 million, and non-GAAP net loss per share of $0.18 to $0.17.
Tailwinds
- Total revenue of $102.5 to $103.5 million is expected for Q3 2020.
- Full year revenue is projected to be between $404 and $408 million.
- Non-GAAP loss from operations is expected to improve to $16 to $15 million for Q3 2020.
- Full year non-GAAP loss from operations is expected to be $55 to $53 million.
- Non-GAAP net loss per share is expected to be $0.06 to $0.05 for Q3 2020.
Headwinds
- The forward-looking statements are subject to substantial uncertainty due to the COVID-19 pandemic.
- The estimates are based on conditions as of August 6, 2020, regarding the impact of the pandemic on operations.
- The estimates are highly dependent on numerous factors that Cloudflare may not be able to predict or control.
- Non-GAAP loss from operations is still expected, though improving, for Q3 2020.
- Non-GAAP net loss per share is still expected for Q3 2020.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
+0.3%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+2.6%
Avg return
30 days after
48%
13 / 27 earnings
Positive
+29.5%
Q4 2023
Best reaction
-27.4%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -23.8% | -25.0% | -2.6% | |
| Q4 2025 | +5.2% | +8.8% | +18.0% | |
| Q3 2025 | +11.6% | +2.7% | -10.0% | |
| Q2 2025 | -3.6% | +3.8% | +0.5% | |
| Q1 2025 | +6.3% | +24.3% | +44.5% | |
| Q4 2024 | +17.8% | +22.1% | -10.4% | |
| Q3 2024 | -1.4% | -1.7% | +22.1% | |
| Q2 2024 | +2.5% | -1.6% | +6.0% | |
| Q1 2024 | -15.5% | -15.8% | -23.1% | |
| Q4 2023 | +29.5% | +19.8% | +17.6% | |
| Q3 2023 | +17.2% | +20.1% | +43.4% | |
| Q2 2023 | +8.4% | +3.9% | -0.2% | |
| Q1 2023 | -21.0% | -28.0% | +2.7% | |
| Q4 2022 | +3.5% | +17.8% | -9.2% | |
| Q3 2022 | -17.7% | -19.2% | -3.1% | |
| Q2 2022 | +27.2% | +22.7% | +0.6% | |
| Q1 2022 | -27.4% | -37.0% | -39.7% | |
| Q4 2021 | -8.6% | +0.5% | -22.7% | |
| Q3 2021 | +1.2% | +5.0% | -18.0% | |
| Q2 2021 | -1.0% | +4.6% | +8.7% | |
| Q1 2021 | -9.4% | -9.8% | +5.1% | |
| Q4 2020 | -5.5% | -9.7% | -16.1% | |
| Q3 2020 | +14.9% | +9.1% | +37.8% | |
| Q2 2020 | -5.7% | -11.0% | -18.2% | |
| Q1 2020 | +5.3% | +15.4% | +16.8% | |
| Q4 2019 | -0.4% | -1.8% | +7.0% | |
| Q3 2019 | -0.6% | -0.4% | +13.9% | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — |
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