Crowdstrike Holdings Inc - Class A
Q3 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +1.16%.
Did CRWD Beat Earnings? Q3 2026 Results
CrowdStrike delivered a strong fiscal third-quarter beat, posting non-GAAP EPS of $0.96 against a consensus estimate of $0.94, a 1.99% beat, while revenue of $1.23 billion edged past the $1.22 billion estimate by 1.53% and grew 22.2% year over year. The <a href="https://247wallst.com/investing/2025/12/02/live-crowdstrike-holdings-crwd-q3-earnings-coverage/">headline numbers reflected</a> a broader acceleration in platform adoption, with ending ARR reaching $4.92 billion, up 23% year over year, and the Falcon Flex subscription model alone exceeding $1.35 billion in ARR after growing more than 200% year over year, underscoring the company's platform consolidation strategy. Free cash flow reached $295.88 million with a 24% margin, while non-GAAP operating income climbed to $264.59 million from $200.72 million a year ago. With cybersecurity competition intensifying across the sector, CrowdStrike raised its full-year fiscal 2026 revenue outlook to approximately $4.80 billion and guided Q4 revenue of $1.29 billion to $1.30 billion, with non-GAAP EPS of $1.09 to $1.11, projecting continued momentum into year-end.
- Record Q3 net new ARR of $265 million, growth accelerating to 73% year-over-year
- Ending ARR reached $4.92 billion, up 23% year-over-year with growth acceleration
- Falcon Flex subscription model exceeded $1.35 billion in ending ARR, growing more than 200% year-over-year
- Module adoption rates grew to 49% for 6+ modules, 34% for 7+ modules, 24% for 8+ modules
- Non-GAAP operating margin expanded to 21% from 20% year-over-year
- AI-driven demand environment driving pipeline to all-time high
“CrowdStrike is the enabler of secure AI transformation with the right architecture, the right products, and the right execution. Q3 was one of our best quarters in company history: we achieved record Q3 net new ARR of $265 million, accelerating to 73% year-over-year growth, and ending ARR of $4.92 billion, which accelerated to 23% growth year-over-year. Our single platform strategy coupled with the Falcon Flex subscription model unlocks consolidation, positioning CrowdStrike as the operating system of cybersecurity. We delivered an acceleration in ending ARR growth across our endpoint business as well as Cloud Security, Next-Gen Identity, and Next-Gen SIEM collectively. Marquee partnerships with AWS, EY, CoreWeave, and Kroll validate CrowdStrike's market leadership, driving our conviction in continued growth.”
CrowdStrike CEO, on the earnings call
Forward Guidance & Outlook
CrowdStrike raised its full-year fiscal 2026 guidance: total revenue of $4,796.6–$4,806.6 million; non-GAAP income from operations of $1,036.1–$1,040.1 million; non-GAAP net income attributable to CrowdStrike of $949.6–$954.0 million; non-GAAP diluted EPS of $3.70–$3.72. For Q4 FY26, the company guided total revenue of $1,290.0–$1,300.0 million; non-GAAP income from operations of $315.4–$319.4 million; non-GAAP net income of $282.1–$286.6 million; non-GAAP diluted EPS of $1.09–$1.11. The company increased second-half FY26 net new ARR growth expectations to at least 50% year-over-year and expressed confidence in delivering 20% net new ARR growth for fiscal year 2027. The non-GAAP tax rate was set at 21.0% following enactment of the One Big Beautiful Bill Act.
CRWD YoY Financials
CRWD Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.