Crowdstrike Holdings Inc - Class A
Q1 2027 Earnings
Market Reaction
S&P 500 over the same 30 days: −1.54%.
Did CRWD Beat Earnings? Q1 2027 Results
CrowdStrike Holdings delivered a strong first quarter for fiscal 2027, beating Wall Street expectations on both the top and bottom lines as demand for AI-powered cybersecurity platforms continued to accelerate. The company posted non-GAAP EPS of $1.10, clearing the $1.07 consensus estimate by 3.04%, while revenue of $1.39 billion edged past the $1.36 billion forecast by 1.65% and grew 25.6% year-over-year, extending CrowdStrike's streak of consensus EPS beats to eight consecutive quarters. The most material driver behind the quarter was a sharp rebound in net new ARR, which climbed 32% year-over-year to $255.80 million, pushing total ARR to $5.51 billion and reinforcing the view, shared by analysts who track the cybersecurity sector, that platform-scale vendors are capturing a disproportionate share of rising enterprise security budgets amid growing AI-related threats. Profitability also improved meaningfully, with GAAP net income reaching $27.77 million compared to a loss of $104.26 million a year earlier. Management rewarded investor confidence by raising full-year revenue guidance to a range of $5.91 billion to $5.96 billion and lifting non-GAAP EPS guidance to $4.88 to $4.96.
- Record Q1 net new ARR of $255.8 million, up 32% year-over-year
- ARR grew 24% year-over-year to $5.51 billion
- Module adoption rates grew to 51% for 6+ modules, 35% for 7+ modules, 25% for 8+ modules
- Non-GAAP operating margin expanded to 24% from 18% year-over-year
- Free cash flow margin of 34% vs 25% in prior year
- Falcon Flex consumption model momentum
“In Q1, the worlds of cybersecurity and frontier AI collided: this was the Mythos moment. CrowdStrike is AI security infrastructure, critical to successful AI adoption. Our record Q1 net new ARR, QuiltWorks coalition, and AIDR innovation are indicators of our own AI inflection point. We're seeing platform adoption from existing customers, new logo lands, and increased partner engagement, each giving me the conviction to significantly raise our FY27 net new ARR guidance. The technology is here. The team is here. And the market opportunity is ours.”
CrowdStrike CEO, on the earnings call
Forward Guidance & Outlook
CrowdStrike raised its FY27 guidance significantly. For Q2 FY27: total revenue of $1,436.0–$1,442.0 million; ARR of $5,792.6–$5,794.6 million; non-GAAP income from operations of $345.6–$349.1 million; non-GAAP EPS of $1.16–$1.17. For full-year FY27: total revenue of $5,914.7–$5,958.7 million; ARR of $6,531.7–$6,555.5 million; non-GAAP income from operations of $1,452.3–$1,480.3 million; non-GAAP EPS of $4.88–$4.96. Net new ARR growth guidance was raised by 520 basis points at the midpoint to 27.7%. The company adopted a 21.0% long-term non-GAAP tax rate 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.