CrowdStrike Stock Rises on Strong Q2 Earnings and Raised Outlook

CrowdStrike Holdings Inc. reported stronger-than-expected second-quarter results for fiscal 2027, sending its stock higher in extended and premarket trading on August 27, 2026. The cybersecurity company posted record quarterly bookings and raised its full-year financial outlook, citing robust demand for its security platform and the growing importance of artificial intelligence.

For the quarter ended July 31, 2026, CrowdStrike reported revenue of $1.47 billion, a 26% increase from the same period last year. This figure surpassed the average analyst estimate of $1.44 billion. Subscription revenue, which makes up the bulk of the company's income, rose 27% to $1.40 billion. The company also achieved a record for net new annual recurring revenue (ARR), adding $332.8 million during the quarter, a 51% jump year-over-year. Total ARR reached $5.84 billion by the end of the quarter.

The results marked a significant improvement in profitability. Net income attributable to CrowdStrike was $5.3 million, a sharp turnaround from a $70.2 million loss in the same quarter a year ago. Adjusted earnings per share came in at $0.31, beating the consensus estimate of $0.29. Free cash flow also grew,...