Cloudflare reported its Q2 revenue increased by 28% year-over-year, reaching $512.3 million, exceeding analysts' estimates of $501.21 million. The company also provided a positive outlook for Q3, forecasting revenue between $543.5 million and $544.5 million, surpassing the estimated $538.6 million. Following the earnings announcement, Cloudflare's stock price rose by over 5% in after-hours trading, reflecting investor confidence in the company's performance and future growth prospects.