CrowdStrike Q2 Earnings Beat Estimates, Revenue Guidance Falls Short

CrowdStrike reported Q2 revenue of $1.17 billion, beating estimates of $1.15 billion. Subscription revenue grew 21% YoY to $1.10 billion, and annual recurring revenue increased 20% YoY to $4.66 billion. The company expects Q3 revenue between $1.208 billion and $1.218 billion and raised its full-year revenue guidance to $4.749 billion to $4.805 billion.

CrowdStrike Holdings, Inc. (Nasdaq: CRWD) reported its second-quarter (Q2) fiscal year 2026 results, showcasing robust growth and financial performance. The company's Q2 revenue reached $1.17 billion, surpassing estimates of $1.15 billion, marking a 21% year-over-year (YoY) increase. Subscription revenue grew 20% YoY to $1.10 billion, while annual recurring revenue (ARR) increased 20% YoY to $4.66 billion. The company also reported record cash flow from operations of $333 million and free cash flow of $284 million.

George Kurtz, Founder and CEO of CrowdStrike, commented on the company's performance, stating, "With reacceleration a quarter ahead of our expectations, CrowdStrike delivered an exceptional Q2. Record Q2 net new ARR of $221 million, over 1,000 Flex customers, and more than 100 re-flexes highlight CrowdStrike as the leader in cybersecurity consolidation."

Burt Podbere, CrowdStrike's chief financial officer, added, "We exceeded our expectations across all guided metrics in the second quarter, delivering 21% year-over-year total revenue growth, record Q2 cash flow from operations of $333 million and record Q2 free cash flow of $284 million. Our strong execution and business momentum further bolsters our conviction in continued net new ARR acceleration for the back half of fiscal year 2026."

CrowdStrike's Q3 revenue is expected to be between $1.208 billion and $1.218 billion, while full-year revenue guidance was raised to $4.749 billion to $4.805 billion. The company's stock price increased by 1.2% following the announcement.

Reference List:
[1] https://finance.yahoo.com/news/crowdstrike-reports-second-quarter-fiscal-201000401.html