Companies /Technology

Crowdstrike Holdings Inc - Class A

NASDAQ: CRWD Software - Infrastructure
$213.55
▲ $10.13 (+4.98%) today
Markets open · 3:26pm ET

Q2 2026 Earnings

Reported Aug 27, 2025, 4:11pm ET · SEC source
$0.93
Beat +12.05%
EPS · est. $0.83
$1.2B
Beat +1.63%
Revenue · est. $1.2B
+8.3%
Beating market
CRWD vs S&P since report
10 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+5%+10%Aug 27Aug 28report 4:11pm ETearnings+0.3%+13.7%
0+5%+10%Aug 27Aug 28earnings+0.3%+13.7%
CRWD +13.7%S&P 500 +0.3%
0+5%+10%Aug 27Aug 28report 4:11pm ETearnings+0.6%+13.7%
0+5%+10%Aug 27Aug 28earnings+0.6%+13.7%
CRWD +13.7%NASDAQ +0.6%
0+5%+10%Aug 26Sep 4report 4:11pm ETearnings+0.5%+5.2%
0+5%+10%Aug 26Sep 4earnings+0.5%+5.2%
CRWD +5.2%S&P 500 +0.5%
0+5%+10%Aug 26Sep 4report 4:11pm ETearnings+0.7%+5.2%
0+5%+10%Aug 26Sep 4earnings+0.7%+5.2%
CRWD +5.2%NASDAQ +0.7%
+4.59%
Day of report
−4.14%
Next session
−5.51%
One week
+10.95%
30 days

S&P 500 over the same 30 days: +2.66%.

Did CRWD Beat Earnings? Q2 2026 Results

CrowdStrike delivered a solid beat on both the top and bottom lines in its second quarter of fiscal 2026, though <a href="https://247wallst.com/investing/2025/08/27/live-where-will-crowdstrike-crwd-move-after-tonights-earnings/">shares fell sharply after results</a> as investors focused on a Q3 revenue outlook that landed below some expectations. The cybersecurity firm posted non-GAAP EPS of $0.93, ahead of the $0.83 consensus estimate by 12.05%, while revenue grew 21.3% year over year to $1.17 billion, edging past the $1.15 billion consensus by 1.63%. The headline driver was a reacceleration in net new Annual Recurring Revenue, which reached $221.10 million for the quarter, arriving ahead of management's own timeline as deepening module adoption, with 48% of customers on six or more modules, continued to fuel expansion within the existing base. Total ARR climbed 20% year over year to $4.66 billion. Looking ahead, CrowdStrike guided Q3 revenue to $1.21 billion to $1.22 billion and raised its full-year FY26 revenue outlook to $4.75 billion to $4.81 billion, with non-GAAP EPS expected in the range of $3.60 to $3.72.

Key Takeaways
  • Net new ARR reacceleration a quarter ahead of expectations, reaching $221 million record Q2
  • 21% year-over-year total revenue growth
  • Module adoption deepening: 48% of customers on 6+ modules, 33% on 7+, 23% on 8+
  • Over 1,000 Flex customers and more than 100 re-flexes highlighting cybersecurity consolidation

“With reacceleration a quarter ahead of our expectations, CrowdStrike delivered an exceptional Q2. Record Q2 net new ARR of $221 million, over 1,000 Flex customers, and more than 100 re-flexes highlight CrowdStrike as the leader in cybersecurity consolidation.”

CrowdStrike CEO, on the earnings call

Forward Guidance & Outlook

For Q3 FY26, CrowdStrike guided total revenue of $1,208.0 to $1,218.0 million, non-GAAP income from operations of $256.0 to $262.0 million, non-GAAP net income attributable to CrowdStrike of $238.1 to $242.8 million, and non-GAAP diluted EPS of $0.93 to $0.95 on 257 million weighted average diluted shares. For full year FY26, guidance was raised to total revenue of $4,749.5 to $4,805.5 million, non-GAAP income from operations of $1,000.1 to $1,040.1 million, non-GAAP net income of $922.4 to $954.0 million, and non-GAAP diluted EPS of $3.60 to $3.72 on 256 million weighted average diluted shares. Both periods assume a 21.0% non-GAAP tax rate. Management expressed conviction in continued net new ARR acceleration for the back half of FY26.

CRWD YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$400.0M$800.0M$1.2B$963.8M$1.2BRevenue$726.5M$858.7MGross Profit
$0$400.0M$800.0M$1.2BRevenueGross Profit

CRWD Revenue by Segment

Subscription$1.1B+20.0%
Professional Services$66.0M

Figures from SEC filings and company reports. Not investment advice.