CrowdStrike Reports Record Q2 Earnings Amid Accelerated Security Modernization
CrowdStrike (CRWD) delivered a record-breaking second quarter in its history, driven by strong adoption of artificial intelligence and integrated security platforms. The company reported $333 million in net new ARR, accelerating to 51% growth year-over-year, with total ARR reaching $5.84 billion—a 25% increase. Revenue hit $1.47 billion, up 26%, while free cash flow grew by 33%. Falcon Flex and Next-Gen SIEM saw significant gains, reflecting the shift toward AI-driven security needs. Management emphasized that autonomous agents are reshaping enterprise risk profiles, prompting a surge in demand for comprehensive solutions like CrowdStrike’s Falcon platform. The company noted strong performance across identity, cloud, and endpoint segments, with module adoption rates rising among customers. Additionally, professional services revenue hit $71 million—a new record—and the GSI business grew nearly 50% year-over-year. Looking ahead, CrowdStrike raised its FY2027 guidance for net new ARR to between $1.35 billion and $1.36 billion at midpoint—up over 1,150 basis points from initial forecasts—and expects revenue of $5.99–$6.01 billion.
Tickers: $CRWD
Topics: ARR free cash flow revenue growth subscription revenue