CrowdStrike (CRWD) Q2 2026 Earnings
How Did CRWD Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: +2.66%.
Did CRWD Beat Earnings? Q2 2026 Results
Yes. CrowdStrike reported Q2 2026 earnings of $0.23 a share on Aug 27, 2025, beating the $0.21 consensus estimate by 12.0%. Revenue was $1.2B against a $1.2B estimate.
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.
- 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
What Was CrowdStrike's Outlook in Q2 2026?
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
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $1.2B | $963.8M | +21.3% |
| Gross Profit | $858.7M | $726.5M | +18.2% |
CRWD Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.