Cloudflare Q2 Revenue Jumps 36% to $696M on AI-Agent Traffic, Raises Full-Year Guide

Cloudflare reported Q2 revenue of $696.1M, up 36% year-over-year and above the $665M consensus, and raised its full-year revenue guide to $2.86-$2.87B (from $2.805-$2.813B). Management credited 'the rapid rise of AI agents' driving traffic through its network for boosting demand across cloud and security products. Shares jumped ~18% after hours; the company noted 97% of its R&D team now uses AI coding tools and 100% of production commits are reviewed by autonomous agents.