[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"article-cloudflare-q1-2026-revenue-jumps-34-to-6398m-zh":3,"article-related-cloudflare-q1-2026-revenue-jumps-34-to-6398m-zh":30,"series-industry-f7b1eeca-bc01-4932-84be-be60c880289d":75},{"id":4,"slug":5,"title":6,"content":7,"summary":8,"source":9,"source_url":10,"author":11,"image_url":12,"cover_image":12,"category":13,"language":14,"translated_content":11,"related_article_id":15,"keywords":16,"key_takeaways":22,"views":26,"created_at":27,"published_at":28,"topic_cluster_id":29},"f7b1eeca-bc01-4932-84be-be60c880289d","cloudflare-q1-2026-revenue-jumps-34-to-6398m-zh","Cloudflare Q1 2026 營收增34%至6.398億美元","\u003Cp data-speakable=\"summary\">\u003Ca href=\"\u002Ftag\u002Fcloudflare\">Cloudflare\u003C\u002Fa> 第 1 季 2026 營收年增 34% 至 6.398 億美元，企業客戶與現金流同步走強。\u003C\u002Fp>\u003Cp>\u003Ca href=\"https:\u002F\u002Fwww.cloudflare.com\" target=\"_blank\" rel=\"noopener\">Cloudflare\u003C\u002Fa> 公布 2026 年第 1 季財報，營收達 6.398 億美元，年增 34%。同季 current remaining performance obligations 也年增 34%，顯示這波成長\u003Ca href=\"\u002Fnews\u002Fmicrosoft-ai-discovery-needs-measurement-not-impressions-zh\">不只\u003C\u002Fa>來自單季拉貨，而是合約需求與客戶擴張一起推動。\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>項目\u003C\u002Fth>\u003Cth>數值\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Q1 2026 營收\u003C\u002Ftd>\u003Ctd>$639.8 million\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>營收年增率\u003C\u002Ftd>\u003Ctd>34% YoY\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Current remaining performance obligations\u003C\u002Ftd>\u003Ctd>34% YoY growth\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>100,000 美元以上 ARR 客戶\u003C\u002Ftd>\u003Ctd>4,416\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Dollar-based net retention\u003C\u002Ftd>\u003Ctd>118%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Remaining performance obligations\u003C\u002Ftd>\u003Ctd>$2.54 billion\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Free cash flow\u003C\u002Ftd>\u003Ctd>$84.1 million\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch2>發生了什麼\u003C\u002Fh2>\u003Cp>這一季最大的\u003Ca href=\"\u002Fnews\u002Fdefi-technologies-nasdaq-test-profit-growth-signals-zh\">訊號\u003C\u002Fa>，是 Cloudflare 在大客戶市場繼續擴張。年化收入超過 10 萬美元的客戶數增至 4,416 家，較去年同期的 3,527 家明顯增加；dollar-based net retention 維持 118%，代表既有客戶還在加碼使用。\u003C\u002Fp>\n\u003Cfigure class=\"my-6\">\u003Cimg src=\"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1782134300303-9zqk.png\" alt=\"Cloudflare Q1 2026 營收增34%至6.398億美元\" class=\"rounded-xl w-full\" loading=\"lazy\" \u002F>\u003C\u002Ffigure>\n\u003Cp>幾個數字把這個趨勢講得更清楚：\u003C\u002Fp>\u003Cul>\u003Cli>營收年增 34%，達 6.398 億美元。\u003C\u002Fli>\u003Cli>current remaining performance obligations 同樣年增 34%。\u003C\u002Fli>\u003Cli>remaining performance obligations 來到 25.4 億美元。\u003C\u002Fli>\u003Cli>其中 64% 預計在 12 個月內轉成營收。\u003C\u002Fli>\u003Cli>營運現金流升至 1.583 億美元。\u003C\u002Fli>\u003Cli>自由現金流達 8,410 萬美元，約占營收 13%。\u003C\u002Fli>\u003C\u002Ful>\u003Cp>毛利率面臨壓力。GAAP gross margin 從去年同期的 75.9% 降到 71.2%，non-GAAP operating margin 也從 11.7% 小幅降至 11.4%。\u003C\u002Fp>\u003Ch2>為什麼重要\u003C\u002Fh2>\u003Cp>對開發者和企業買家來說，這代表 Cloudflare 已不只是單一資安工具。它的網路涵蓋 security、application delivery、zero-trust access、\u003Ca href=\"\u002Ftag\u002Fdeveloper-tools\">developer tools\u003C\u002Fa> 與 traffic management，企業更容易把多項\u003Ca href=\"\u002Fnews\u002Fnvidia-bond-sale-turns-ai-spending-into-debt-zh\">支出\u003C\u002Fa>收斂到同一平台。\u003C\u002Fp>\n\u003Cfigure class=\"my-6\">\u003Cimg src=\"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1782134259119-rp57.png\" alt=\"Cloudflare Q1 2026 營收增34%至6.398億美元\" class=\"rounded-xl w-full\" loading=\"lazy\" \u002F>\u003C\u002Ffigure>\n\u003Cp>這會直接影響採購與導入方式。當大客戶在同一基礎設施上持續加購產品，Cloudflare 的合約收入、使用率與現金流都有機會同步改善，而不是只靠新客戶數撐成長。\u003C\u002Fp>\u003Cp>市場接下來會盯兩件事：34% 的成長能否延續，以及毛利率壓力何時緩解。Cloudflare 現在的問題不是有沒有需求，而是能不能把需求更有效轉成獲利。\u003C\u002Fp>\u003Cp>對企業 IT 團隊來說，這家公司正在從「單點服務」變成「平台選項」；差別只在於，採購預算會不會真的跟著移過去。\u003C\u002Fp>","Cloudflare Q1 2026 營收年增 34% 至 6.398 億美元，企業大客戶、合約需求與自由現金流同步走強。","news.alphastreet.com","https:\u002F\u002Fnews.alphastreet.com\u002Fcloudflare-net-has-a-connectivity-cloud-platform-bigger-than-a-single-product-security-story\u002Famp\u002F",null,"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1782134300303-9zqk.png","industry","zh","3e305fe1-a76c-42c7-880b-1c161a870102",[17,18,19,20,21],"Cloudflare","財報","企業雲","自由現金流","SaaS",[23,24,25],"Q1 2026 營收年增 34% 至 6.398 億美元，成長動能來自企業客戶與合約需求。","年化收入超過 10 萬美元的客戶增至 4,416 家，顯示大客戶滲透持續加深。","現金流表現走強，但毛利率與營益率小幅下滑，後續要看擴張能否更有效率。",0,"2026-06-22T13:17:17.006254+00:00","2026-06-22T13:17:16.997+00:00","934dbacd-9bb0-45c6-8e73-084b26489646",{"tags":31,"relatedLang":34,"relatedPosts":38},[32],{"name":17,"slug":33},"cloudflare",{"id":15,"slug":35,"title":36,"language":37},"cloudflare-q1-2026-revenue-jumps-34-to-6398m-en","Cloudflare Q1 2026 revenue jumps 34% to $639.8M","en",[39,45,51,57,63,69],{"id":40,"slug":41,"title":42,"cover_image":43,"image_url":43,"created_at":44,"category":13},"eb904e1e-9876-45e3-990e-e8f729dd360d","micron-anthropic-memory-ai-infrastructure-deal-zh","Micron 把記憶體變策略","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1782147789565-exb7.png","2026-06-22T17:02:47.00673+00:00",{"id":46,"slug":47,"title":48,"cover_image":49,"image_url":49,"created_at":50,"category":13},"70a0fdc0-e38a-4d1c-b70a-560f198e2bee","ferc-ai-grid-order-turns-backlog-into-urgency-zh","FERC 讓 AI 併網從等候變急件","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1782126204447-3idp.png","2026-06-22T11:02:54.520109+00:00",{"id":52,"slug":53,"title":54,"cover_image":55,"image_url":55,"created_at":56,"category":13},"68852384-bde0-4b26-927c-7e0687ae4f4f","google-home-speaker-preorder-gemini-first-zh","Google Home Speaker 預購先看 Gemini 取向","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1782123467179-iqxq.png","2026-06-22T10:17:24.095643+00:00",{"id":58,"slug":59,"title":60,"cover_image":61,"image_url":61,"created_at":62,"category":13},"7fbc580e-2ad1-4c9b-b762-8bfce4743f30","nvidia-bond-sale-turns-ai-spending-into-debt-zh","Nvidia 發債把 AI 支出變成債務","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1782115400347-4j1z.png","2026-06-22T08:02:47.493091+00:00",{"id":64,"slug":65,"title":66,"cover_image":67,"image_url":67,"created_at":68,"category":13},"0cc73f32-9be3-4591-8a18-55688d190904","microsoft-ai-discovery-needs-measurement-not-impressions-zh","Microsoft 說對了：AI 發現要看量測，不只看曝光","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1782102773019-1eqe.png","2026-06-22T04:32:29.158096+00:00",{"id":70,"slug":71,"title":72,"cover_image":73,"image_url":73,"created_at":74,"category":13},"330f23bd-e3a1-406d-95a0-68a6e483a4a1","microsoft-agentic-ai-playbook-turns-pilots-into-scale-zh","Microsoft 的 agent 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用戶更分散，也更會用","2026-03-26T07:22:52.325888+00:00",{"id":97,"slug":98,"title":99,"created_at":100},"bd903b15-2473-4178-9789-b7557816e535","openclaw-raises-hard-question-for-ai-models-zh","OpenClaw 逼問 AI 模型價值","2026-03-26T07:24:54.707486+00:00",{"id":102,"slug":103,"title":104,"created_at":105},"eeac6b9e-ad9d-4831-8eec-8bba3f9bca6a","gap-google-gemini-checkout-fashion-search-zh","Gap 把結帳搬進 Gemini","2026-03-26T07:28:23.937768+00:00",{"id":107,"slug":108,"title":109,"created_at":110},"0740e53f-605d-4d57-8601-c10beb126f3c","google-pushes-gemini-transition-to-march-2026-zh","Google 把 Gemini 轉換延到 2026 年 3…","2026-03-26T07:30:12.825269+00:00",{"id":112,"slug":113,"title":114,"created_at":115},"e660d801-2421-4529-8fa9-86b82b066990","metas-llama-4-benchmark-scandal-gets-worse-zh","Meta Llama 4 分數風波又擴大","2026-03-26T07:34:21.156421+00:00",{"id":117,"slug":118,"title":119,"created_at":120},"183f9e7c-e143-40bb-a6d5-67ba84a3a8bc","accenture-mistral-ai-sovereign-enterprise-deal-zh","Accenture 攜手 Mistral 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