Results
CrowdStrike Reports Second Quarter Fiscal Year 2027 Financial Results
7Delivers record net new ARR of $333 million, accelerates growth to 51% year-over-year
Outlook
1Increases FY27 net new ARR growth guidance by 630 basis points to 34% year-over-year growth at the midpointGuidance raised
Results
5Exceeds $2.29 billion in ending ARR from accounts that have adopted Falcon Flex, accelerates growth to 101% year-over-year
Generates Q2 record cash flow from operations of $530 million and Q2 record free cash flow of $377 million
AUSTIN, Texas, August 26, 2026 -- CrowdStrike Holdings, Inc. (Nasdaq: CRWD), today announced financial results for the second quarter fiscal year 2027, ended July 31, 2026.
Management commentary
"Q2 was the best quarter in CrowdStrike's history," said George Kurtz, CrowdStrike’s Founder and Chief Executive Officer.
"Delivering record Falcon Flex results, record net new ARR, and accelerating growth—the Falcon is soaring.
2We're raising our full year fiscal 2027 net new ARR growth outlook by 630 basis points.Guidance raised
The Mythos moment translated into mass-market acceptance that AI adoption needs security, and that's CrowdStrike.
Every enterprise will run on AI, and securing it is the largest market opportunity in our history."
Commenting on the company's financial results, Burt Podbere, CrowdStrike's Chief Financial Officer, added, "Q2 was a record-breaking quarter.
4We achieved record net new ARR of $333 million alongside record net new ARR from new logos, increased dollar-based gross and net retention rates, and Q2 record cash flow from operations and free cash flow.
3Given our strong Q2 results and record Q3 pipeline, we are raising our full-year fiscal 2027 net new ARR growth outlook to 34% at the midpoint, positioning us for continued durable, profitable growth."Guidance raised
Results
Second Quarter Fiscal 2027 Financial Highlights
Revenue: Total revenue was $1.47 billion, a 26% increase, compared to $1.17 billion in the second quarter of fiscal 2026.
Subscription revenue was $1.40 billion, a 27% increase, compared to $1.10 billion in the second quarter of fiscal 2026.
Annual Recurring Revenue (ARR) grew 25% year-over-year to $5.84 billion as of July 31, 2026, of which $332.8 million was net new ARR added in the quarter.
Subscription Gross Margin: GAAP subscription gross margin was 78%, compared to 77% in the second quarter of fiscal 2026.
Non-GAAP subscription gross margin was 81%, compared to 80% in the second quarter of fiscal 2026.
Income/Loss from Operations: GAAP loss from operations was $33.2 million, compared to $105.5 million in the second quarter of fiscal 2026.
Non-GAAP income from operations was $371.6 million, compared to $255.0 million in the second quarter of fiscal 2026.
Net Income/Loss Attributable to CrowdStrike: GAAP net income attributable to CrowdStrike was $5.3 million, compared to a loss of $70.2 million in the second quarter of fiscal 2026.
GAAP net income per share attributable to CrowdStrike common stockholders, diluted, was $0.01, compared to a loss of $0.07 in the second quarter of fiscal 2026.
Non-GAAP net income attributable to CrowdStrike was $322.9 million, compared to $237.4 million in the second quarter of fiscal 2026.
Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted, was $0.31, compared to $0.23 in the second quarter of fiscal 2026.
Cash Flow: Net cash generated from operations was $530.3 million, compared to $332.8 million in the second quarter of fiscal 2026.
Free cash flow was $377.4 million, compared to $283.6 million in the second quarter of fiscal 2026.
Cash and Cash Equivalents grew to $5.01 billion as of July 31, 2026.
Recent Highlights
CrowdStrike’s module adoption rates for subscription customers grew to 51%, 35%, and 26% for six or more, seven or more, and eight or more modules, respectively, as of July 31, 2026.
Corporate events
Unveiled Continuous Identity for AI Agents, extending risk-aware authorization across human, non-human, and AI agent identities.
Introduced new AI, cloud, and Next-Gen SIEM innovations in collaboration with Amazon Web Services (AWS) to help organizations securely build, deploy, and operate AI applications and cloud workloads.
Released the CrowdStrike 2026 Technology Threat Landscape Report.
Released the CrowdStrike 2026 Threat Hunting Report, revealing that AI is now embedded across modern adversary operations.
Extended CrowdStrike Falcon AI Detection and Response (AIDR) across leading AI gateway partners, including Databricks, Google Cloud, JetStream Security, Kong, LiteLLM, Maxim AI, Microsoft Azure, and TrueFoundry.
Expanded Project QuiltWorks, extending the coalition with AWS to the cloud infrastructure layer and broadening support for SMBs to help them secure frontier AI risks.
Announced a strategic collaboration with Cerebras Systems, combining the industry’s leading AI-native security platform with breakneck AI inference for enterprises deploying AI at scale.
8Expanded strategic partnership with Schwarz Digits, launching a multi-year roadmap to bring the AI-native Falcon® platform to European enterprises, and agreeing to acquire the technology assets of XM Cyber, a Schwarz Digits company that provides advanced attack path visualization and offensive simulation technologies.
Joined the OpenID Foundation as a Sustaining Corporate Member and IDPro, contributing to open standards to accelerate the shift to continuous, risk-aware identity security.
Recognized as a Leader in The Forrester Wave™: Extended Detection and Response Platforms, Q2 2026 report 1 .
Named a Leader in the 2026 IDC MarketScape: Worldwide SIEM Vendor Assessment 2 .
Named a Leader in the 2026 IDC MarketScape: Worldwide MDR/MXDR for the Enterprise Vendor Assessment 3 .
Announced CrowdStrike’s leadership across multiple Frost & Sullivan reports, with CrowdStrike named Frost & Sullivan’s 2026 Global Enabling Technology Leader in Zero Trust Browser Security 4 and the Growth and Innovation Leader in the 2026 Frost Radar™: Cloud and Application Runtime Security 5 .
Outlook
Financial Outlook
6CrowdStrike is providing the following guidance for the third quarter of fiscal 2027 (ending October 31, 2026) and increasing its guidance for fiscal year 2027 (ending January 31, 2027).Guidance raised
Q3 FY27 GuidanceFull Year FY27 Guidance
Annual recurring revenue$6,184.4 - $6,188.4 million$6,603.0 - $6,611.9 million
Total revenue$1,523.2 - $1,529.2 million$5,991.1 - $6,011.1 million
Non-GAAP income from operations$372.7 - $375.9 million$1,497.2 - $1,508.4 million
Non-GAAP net income attributable to CrowdStrike$325.4 - $327.9 million$1,302.7 - $1,311.6 million
Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted$0.31$1.25 - $1.26
Results
Weighted average shares used in computing non-GAAP net income per share attributable to common stockholders, diluted1,048 million1,044 million
Outlook
Non-GAAP tax rate21.0%21.0%Guidance reaffirmed
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