Key Moments
- CrowdStrike Holdings Inc. shares rose about 8% in premarket trading after reporting quarterly earnings and revenue above analyst estimates.
- The company increased its fiscal year 2027 outlook, projecting earnings per share of $1.25 to $1.26 and revenue of $5.99 billion to $6.01 billion.
- Management highlighted record net new annual recurring revenue of $333 million and raised the full-year fiscal 2027 net new ARR growth outlook to 34% at the midpoint.
Premarket Share Reaction
CrowdStrike Holdings Inc. (CRWD) saw its stock advance roughly 8% in premarket trading on Thursday after the cybersecurity firm reported quarterly results that topped expectations and issued a stronger full-year outlook.
Quarterly Earnings and Revenue Performance
For the second quarter, CrowdStrike delivered earnings per share of $0.31, beating analyst forecasts of $0.29 per share. Revenue came in at $1.47 billion, ahead of the consensus estimate of $1.44 billion.
| Metric | Reported | Analyst Consensus |
|---|---|---|
| Earnings per share (Q2) | $0.31 | $0.29 |
| Revenue (Q2) | $1.47 billion | $1.44 billion |
Fiscal Year 2027 Outlook Raised
Looking ahead to fiscal year 2027, CrowdStrike projected earnings per share between $1.25 and $1.26. The company now expects revenue to be in the range of $5.99 billion to $6.01 billion, above the analyst consensus of $5.93 billion.
| FY 2027 Guidance | Guided Range | Analyst Consensus |
|---|---|---|
| Earnings per share | $1.25 – $1.26 | – |
| Revenue | $5.99 billion – $6.01 billion | $5.93 billion |
Analyst Reaction
Commenting on the results and outlook, Jefferies analysts led by Joseph Gallo wrote: “CRWD is clearly benefiting from post-Mythos tailwinds & expressed high confidence in guide, which implies 2 more quarters of acceleration given pipeline, Flex & broad-based portfolio strength,” as they lifted their price target on the stock to $240 from $230.
Margin Expansion
CrowdStrike reported improvement in its subscription gross margins. The company’s GAAP subscription gross margin was 78%, up from 77% in the same quarter a year earlier. On a non-GAAP basis, subscription gross margin was 81%, compared to 80% in the prior-year period.
| Subscription Gross Margin | Current Quarter | Prior-Year Quarter |
|---|---|---|
| GAAP | 78% | 77% |
| Non-GAAP | 81% | 80% |
Management Commentary on Growth and AI Demand
George Kurtz, CrowdStrike’s Founder and Chief Executive Officer, described the period as a milestone for the company, stating: “Q2 was the best quarter in CrowdStrike’s history. Delivering record Falcon Flex results, record net new ARR, and accelerating growth—the Falcon is soaring. We’re raising our full year fiscal 2027 net new ARR growth outlook by 630 basis points. The Mythos moment translated into mass-market acceptance that AI adoption needs security, and that’s CrowdStrike. Every enterprise will run on AI, and securing it is the largest market opportunity in our history.”
Net New ARR and Outlook for Recurring Revenue
Chief Financial Officer Burt Podbere highlighted the company’s performance in annual recurring revenue, noting that CrowdStrike generated record net new annual recurring revenue of $333 million during the quarter. He added that the company increased its full-year fiscal 2027 net new ARR growth outlook to 34% at the midpoint.
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