Cloudflare Posts $696M Q2 Revenue, Up 36%, and Raises Full-Year Guidance to $2.87B as AI Workloads Land
24/7 Wall St.·medium signal
Cloudflare reported Q2 revenue of $696M, up 36% year over year, and guided full-year revenue to $2.86–2.87B, citing demand across cybersecurity, developer tools and AI workloads; shares rose about 9% on August 7 in a broad software rally. The result is a useful read on whether AI-adjacent infrastructure demand is converting to revenue rather than just capex announcements. It also lands the same week Cloudflare published the stateless MCP v2 specification, positioning Workers as the default place to host agent-facing servers.