EarningsQ2 2027 Earnings Report

CrowdStrike Holdings (45C) Q2 2027 Earnings Report

51 Followers

Previous Report: Q1 2027

DE:45C Q2 2027 EPS Results

Actual EPS€0.28

Consensus EPS€0.26

Beat/MissBeat by +€0.02

One Year Ago EPS€0.21

DE:45C Q2 2027 Revenue Results

Actual Revenue€1.31B

Expected Revenue€1.28B

Beat/MissBeat by +€27.48M

YoY Revenue Growth+25.83%

Earnings Announcement Details

QuarterQ2 2027

Date08/26/2026

TimeAfter Close

Conference CallWednesday, August 26, 2026

DE:45C Upcoming Earnings

CrowdStrike Holdings's next earnings date is estimated for December 1, 2026, based on past reporting schedules.

Q2 2027 Earnings Call Audio

DE:45C Q2 2027 Earnings Call

0:00 / 0:00

Q2 2027 Earnings Slide Deck

Q2 2027 Earnings Call Summary

Q2 2027

Earnings Call Date:Aug 26, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call portrays a strongly positive operational and financial quarter with record metrics across net new ARR, ARR, revenue, profitability, cash generation, and product adoption (notably FalconFlex, AIDR, next-gen SIEM and identity). Management raised full-year guidance materially and cited durable AI-driven demand and broad-based platform adoption across customers and partners. Lowlights are largely contextual (GAAP vs non-GAAP spread, market threat acceleration, an acquisition not contributing near-term revenue, and token consumption management), but they do not materially detract from the quarter's momentum. Overall, highlights significantly outweigh the lowlights.

Company Guidance

CrowdStrike raised its FY27 guidance and provided detailed Q3 and full‑year targets: it now expects FY27 net new ARR of $1.350–$1.359 billion (≈34% YoY at the midpoint), reflecting a 630‑bp upgrade this quarter and a 1,150‑bp increase versus the initial outlook (≈$116M of upward revision since the start of the year); full‑year ARR is guided to $6.603–$6.612 billion (+26% YoY) with total revenue $5.991–$6.011 billion (+25% YoY), non‑GAAP operating income $1.497–$1.508 billion, non‑GAAP net income $1.303–$1.312 billion and diluted non‑GAAP EPS $1.25–$1.26 (assumes 21% tax rate and ≈1.04B weighted average diluted shares). For Q3 FY27 the company expects ARR of $6.184–$6.188 billion (+26% YoY), net new ARR $343–$347 million (+29–31% YoY), total revenue $1.523–$1.529 billion (+23–24% YoY), non‑GAAP operating income $373–$376 million, non‑GAAP net income $325–$328 million and diluted non‑GAAP EPS of ≈$0.31 (assumes 21% tax and ≈1.05B shares); management also expects Q3 free cash flow margin of ~27.5% at the midpoint and at least 30% for the full fiscal year.

Record Net New ARR and Strong ARR Growth

All-time record net new ARR of $333 million, accelerating 51% year over year; ending ARR reached $5.84 billion, up more than 25% year over year and accelerating for the fourth consecutive quarter.

Revenue Acceleration

Total revenue of $1.47 billion, up 26% year over year with revenue growth accelerating for the fifth consecutive quarter; subscription revenue grew 27% year over year to ~$1.4 billion.

Exceptional Profitability and Cash Generation

Record non-GAAP operating income of $372 million (25% of revenue), up 46% year over year; record non-GAAP net income of $323 million ($0.31 per diluted share), up 34% year over year; record cash flow from operations of $530 million and record free cash flow of $377 million (26% of revenue), up 33% year over year. Cash and cash equivalents of $5.01 billion.

FalconFlex Momentum and Platform Adoption

FalconFlex ending ARR surpassed $2.29 billion, accelerating 101% year over year. Q2 added >935 new Flex accounts (record) and >630 re-flexes (up 6x YoY). Customers converting to Flex saw >40% average ending ARR uplift and cumulative re-flex customers saw a 53% average uplift.

Product Category Breakouts and Notable Growth

Next-gen SIEM ending ARR surpassed $695 million with strong net new ARR; Identity ending ARR grew to more than $585 million, up ~34% year over year; Falcon Shield ending ARR up >185% year over year; privileged account security ARR grew >35x year over year; cloud/runtime security growth highlighted as critical for AI workloads.

AIDR Rapid Adoption

AIDR adoption surged: ending ARR nearly tripled versus Q1 with large customers (including an 8-figure Flex win with a major global bank) adopting for AI visibility and data exfiltration prevention.

Guidance Raises and Upgraded Full-Year Outlook

Raised FY27 net new ARR outlook to expect ~34% year over year growth at the midpoint (net new ARR guidance increased ~630 basis points this quarter, representing roughly a $116 million uplift from the initial FY27 outlook). Full-year revenue guidance raised to $5.991–$6.011 billion (up ~25% YoY).

Gross Margin and Operating Leverage Expansion

Non-GAAP total gross margin of 79% (up ~110 basis points YoY) and non-GAAP subscription gross margin of 81% (up ~90 basis points YoY). Non-GAAP operating margin expanded to 25% (up ~350 basis points YoY). Company reiterated FY29 subscription gross margin target of 82–85%.

Ecosystem and Marketplace Traction

Partner initiative Project Quiltworks mobilized >25 partners with ~ $400 million pipeline; GSI business grew nearly 50% YoY; transacted ~$600 million in deal value through hyperscaler cloud marketplaces in Q2 ( >30% YoY growth).

DE:45C Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Dec 01, 2026	2027 (Q3)	0.28 / -	0.214	―
Aug 26, 2026	2027 (Q2)	0.26 / 0.28	0.207	33.62% (+0.07)
Jun 03, 2026	2027 (Q1)	0.24 / 0.25	0.162	51.10% (+0.08)
Mar 03, 2026	2026 (Q4)	0.25 / 0.25	0.23	8.53% (+0.02)
Dec 02, 2025	2026 (Q3)	0.21 / 0.21	0.207	3.45% (<+0.01)
Aug 27, 2025	2026 (Q2)	0.19 / 0.21	0.232	-10.77% (-0.02)
Jun 04, 2025	2026 (Q1)	0.15 / 0.16	0.207	-21.55% (-0.04)
Mar 04, 2025	2025 (Q4)	0.19 / 0.23	0.212	8.40% (+0.02)
Nov 26, 2024	2025 (Q3)	0.18 / 0.21	0.183	13.17% (+0.02)
Aug 28, 2024	2025 (Q2)	0.22 / 0.23	0.165	40.54% (+0.07)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed