Cloudflare, Inc. (NET) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript

SA Transcripts 162.15K Followers Follow Cloudflare, Inc. ( NET ) Goldman Sachs Communacopia + Technology Conference 2026 September 9, 2026 1:10 PM EDT Company Participants Thomas Seifert - Chief Financial Officer Presentation Unknown Analyst All right. Fantastic. I will go ahead and kick us off here on stage. Thomas Seifert, CFO of Cloudflare. Really grateful to you joining us multiple years in a row. Thank you for taking the time. Thomas Seifert Chief Financial Officer I'm aging, yes. Question-and-Answer Session Unknown Analyst So I comment, I love that. I get to ask you this question because you're going to give me the most conservative possible response. Thomas Seifert Chief Financial Officer The most thoughtful. Unknown Analyst Most thoughtful -- most balanced. We have a debate with investors on this concept of the inference economy which is the idea that, look, we're so early in agents and agentic capabilities that the best part of whatever product cycle is tied to agentic inference is still ahead of us. Now you're already putting up 36% growth at the very beginning of this product cycle. So if we would extrapolate out and say, look, the best part of Cloudflare's growth opportunity tied to workers, tied to SASE, tied to Act 4, it's still ahead of you. That would suggest directionally that the best part of your growth story is also still ahead of you. So talk to us a little bit about the framing there. Why would that not be true or what would we need to see to feel even better than it is going to be true? Thomas Seifert Chief Financial Officer Here, we -- one of our founders, Michelle, will make fun of her. Because every year, when we have kickoff for the year and talk about the targets for what is to come and how we approach the year, she says, we are only