Cloudflare raises annual outlook above market estimates on AI-driven demand

Cloudflare shares jump 18% on revenue beat and raised full-year outlook - SiliconANGLE

Cloudflare reported Q2 revenue of $696.1M (+36% YoY) and beat earnings despite $150.7M restructuring charges from 1,100 layoffs. Its repositioning as AI-agent infrastructure provider—partnerships with Anthropic and Google, new Agent Cloud tools—signals infrastructure now requires edge compute and AI governance layers.