Can CRWD sustain its earnings momentum in 2026?

**CrowdStrike Holdings (CRWD) faces significant challenges in sustaining its earnings momentum in 2026**, as evidenced by multiple indicators suggesting potential hurdles. Here's a detailed analysis: 1. **Recent Financial Performance**: CRWD's most recent report period for Q4 2025 shows a net loss of $92.73 million, with a revenue growth of 25.22% reaching $1.06 billion. The diluted EPS was -$0.37, marking a substantial YoY decline of -268.78%. This indicates a company struggling to maintain profitability despite revenue growth. |code|Ticker|Name|Date|Net Income YoY|Total Revenue YoY|Diluted EPS YoY|market_code| |---|---|---|---|---|---|---|---| |CRWD|CRWD.O|CrowdStrike Holdings|2025 Q1|9171.342685370742|32.98622541800225||185| |CRWD|CRWD.O|CrowdStrike Holdings|2025 Q2|450.8494572911751|31.74381446258061|533.3333333333334|185| |CRWD|CRWD.O|CrowdStrike Holdings|2025 Q3|-163.06573174847202|28.519084901795644|-163.63636363636363|185| |CRWD|CRWD.O|CrowdStrike Holdings|2025 Q4|-268.7828761762618|25.221125352670835|-268.1818181818182|185| |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |CRWD|CRWD.O|CrowdStrike Holdings|2025 Q1|9171.342685370742|4.6264E7|185| |CRWD|CRWD.O|CrowdStrike Holdings|2025 Q2|450.8494572911751|4.669E7|185| |CRWD|CRWD.O|CrowdStrike Holdings|2025 Q3|-163.06573174847202|-1.6819E7|185| |CRWD|CRWD.O|CrowdStrike Holdings|2025 Q4|-268.7828761762618|-9.2731E7|185| |code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code| |---|---|---|---|---|---|---| |CRWD|CRWD.O|CrowdStrike Holdings|2025 Q1|32.98622541800225|9.21036E8|185| |CRWD|CRWD.O|CrowdStrike Holdings|2025 Q2|31.74381446258061|9.63872E8|185| |CRWD|CRWD.O|CrowdStrike Holdings|2025 Q3|28.519084901795644|1.010178E9|185| |CRWD|CRWD.O|CrowdStrike Holdings|2025 Q4|25.221125352670835|1.058538E9|185| |code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code| |---|---|---|---|---|---|---| |CRWD|CRWD.O|CrowdStrike Holdings|2025 Q1||0.17|185| |CRWD|CRWD.O|CrowdStrike Holdings|2025 Q2|533.3333333333334|0.19|185| |CRWD|CRWD.O|CrowdStrike Holdings|2025 Q3|-163.63636363636363|-0.07|185| |CRWD|CRWD.O|CrowdStrike Holdings|2025 Q4|-268.1818181818182|-0.37|185| 2. **Analyst Expectations and Price Targets**: The average analyst price target for CRWD is $430.89, with a consensus rating of "Strong Buy". However, this target is significantly higher than the current price, suggesting that analysts are optimistic about CRWD's future performance. Capital One Financial forecasts Q1 2026 EPS at $0.26, which is a substantial drop from the current quarter's EPS of -$0.37. This implies a potential earnings decline in the near term. 3. **Market Sentiment and Upgrades**: Despite recent challenges, BTIG upgraded CRWD to a "Buy" rating, citing improved forecast visibility and potential for reaccelerated growth. However, Capital One Financial lowered Q1 2026 EPS estimates from $0.37 to $0.26, reflecting a more cautious outlook. The mixed analyst sentiments suggest that while there is potential for growth, it may not be uniform or immediate. 4. **Strategic Moves and Growth Prospects**: CRWD's expanded partner program and strategic initiatives, such as collaborations with Oracle and Microsoft, indicate a forward-looking growth potential. However, the company's operating margin pressure and investments suggest that sustaining profitability may require careful management. 5. **Historical Performance and Growth Rates**: CRWD has demonstrated strong revenue expansion, with a consistent growth rate of approximately 31.35% over the past twelve months. However, the company's guidance for FY 2026 suggests more conservative growth, with projections of around 20% growth in revenue and 15% growth in operating income. This indicates a potential deceleration in growth rate. In conclusion, while CRWD has strong growth potential supported by strategic initiatives and market demand, the company's current financial performance, analyst expectations, and operational challenges suggest that sustaining its earnings momentum in 2026 may be challenging. The company will need to navigate carefully through these factors to ensure continued growth and profitability.