Crowdstrike Holdings Inc - Class A
Q1 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +4.10%.
Did CRWD Beat Earnings? Q1 2026 Results
CrowdStrike delivered a mixed but broadly resilient fiscal first quarter, posting non-GAAP diluted EPS of $0.73 that beat the $0.66 consensus estimate by 10.62%, even as revenue of $1.10 billion came in fractionally light of the $1.11 billion Wall Street expected, growing 19.8% year over year. The earnings strength was anchored by Falcon Flex momentum, with accounts exceeding $3.20 billion in total deal value growing more than 6x year over year, reflecting deepening vendor consolidation trends as enterprises centralize cybersecurity spending. Ending ARR crossed $4.44 billion, up 22% year over year, with $193.80 million in net new ARR added during the quarter. On a GAAP basis, the company reported a net loss of $110.21 million, weighed down by $271.57 million in stock-based compensation and $39.73 million in costs tied to the July 2024 outage. Looking ahead, CrowdStrike guided Q2 non-GAAP EPS of $0.82 to $0.84 on revenue of $1.14 billion to $1.15 billion, with management expressing conviction in net new ARR re-acceleration and margin expansion in the second half of fiscal 2026.
- Ending ARR surpassed $4.4 billion, growing 22% year-over-year with $193.8 million net new ARR
- Falcon Flex deal momentum with accounts exceeding $3.2 billion in total deal value, growing more than 6x year-over-year
- 97% gross retention rate with consistently strong net retention
- Record Q1 large deal and MSSP momentum
- Module adoption rates of 48% for 6+ modules, 32% for 7+ modules, 22% for 8+ modules
- Record cash flow from operations of $384.1 million
“We started the fiscal year with record Q1 large deal and MSSP momentum alongside sustained 97% gross retention and consistently strong net retention as the market consolidates on Falcon as its cybersecurity platform of choice for the agentic AI era.”
CrowdStrike CEO, on the earnings call
Forward Guidance & Outlook
For Q2 FY2026 (ending July 31, 2025), CrowdStrike guides total revenue of $1,144.7 million to $1,151.6 million, non-GAAP income from operations of $226.9 million to $233.1 million, non-GAAP net income attributable to CrowdStrike of $209.1 million to $213.8 million, and non-GAAP diluted EPS of $0.82 to $0.84. For full-year FY2026 (ending January 31, 2026), guidance calls for total revenue of $4,743.5 million to $4,805.5 million, non-GAAP income from operations of $970.8 million to $1,010.8 million, non-GAAP net income attributable to CrowdStrike of $878.7 million to $909.7 million, and non-GAAP diluted EPS of $3.44 to $3.56. Management expressed conviction in net new ARR re-acceleration and margin expansion in the second half of fiscal year 2026, reinforced by Falcon Flex deal momentum, strong competitive win rates, and robust pipeline.
CRWD YoY Financials
CRWD Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.