CrowdStrike Reports Strong Q2 Results and Raises Fiscal 2027 Outlook
CrowdStrike Holdings Inc. (NASDAQ:CRWD) reported second-quarter results that beat Wall Street expectations, with earnings of $0.31 per share compared to the analyst consensus of $0.29. Revenue reached $1.47 billion versus an expected $1.44 billion. The company attributed its strong performance to increased annual recurring revenue and growing adoption of Falcon Flex as businesses invest more in AI security. For fiscal 2027, CrowdStrike raised its earnings forecast to between $1.25 and $1.26 per share with full-year revenue expected at $5.99 billion to $6.01 billion—above the analyst consensus of $5.93 billion. Subscription margins also improved year-on-year, with GAAP subscription gross margin rising to 78% from 77%, and non-GAAP reaching 81%. Jefferies analysts raised their price target for CRWD shares due to this momentum. CrowdStrike generated record net new annual recurring revenue of $333 million in the quarter, leading it to increase its fiscal 2027 ARR growth forecast. CEO George Kurtz highlighted that AI adoption is driving demand for cybersecurity solutions and positioned CrowdStrike as a leader in securing AI workloads.
Tickers: $CRWD
Topics: annual_recurring_revenue cybersecurity margin_expansion revenue_growth