CrowdStrike Q2 Revenue Beats, Raises FY Guidance on Record $333M Net New ARR
CRWD has more than doubled off its 52-week low of $85.68.
Summary
CrowdStrike delivered a strong Q2 FY27: revenue of $1.47 billion beat the $1.44 billion consensus, adjusted EPS came in at $0.31, and net new ARR hit a record $333 million, up 51% year-over-year. Management raised full-year net new ARR growth guidance to 34% at the midpoint, citing accelerating Falcon Flex adoption—that product's ARR surpassed $2.29 billion, growing 101% year-over-year. The company also guided Q3 revenue to $1.52-1.53 billion and full-year revenue to $5.99-6.01 billion. CrowdStrike and Okta stocks jumped as AI adoption is boosting security demand.
At the time of this announcement, CRWD was trading at $184.60 on NASDAQ in the Technology sector, with a market capitalization of approximately $188.8B. The 52-week trading range was $85.68 to $227.50. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.