Jul 2026 (Q2 FY27) — Aug 26, 2026
CrowdStrike Q2 FY27 — Record Net New ARR and AI-Driven Acceleration
Read the full callCrowdStrike (CRWD) earnings
- Jul 2026
- Jul 2026 (Q2 FY27)
- Jan 2026
CrowdStrike earnings: last reported Wed, 26 Aug 2026, for the quarter ended Jul 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,471 | +25.8% YoY | Quarterly, as filed | Quarter to Jul 2026 | Revenue from operations as filed. |
| Operating margin | -2.3 | +6.8 pts YoY | Operating profit / revenue | Quarter to Jul 2026 | For the quarter; a change is in percentage points. |
| Net profit | 5.3 | Quarterly, as filed | Quarter to Jul 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Guidance
What management said, and what became of it
51 of 53 judged targets kept · 25 open · verdicts reflect calls analysed to Apr 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Acquired net new ARR from SGNL and Seraphic | $5 million to $8 million | Jan 2026 | contributing a combined $7.8 million of acquired net new ARR, which was within our stated expectations of $5 million to $8 million | Achieved |
| Full-year diluted non-GAAP EPS | $4.78 to $4.90 | Jan 2026 | we expect non-GAAP net income per share ... to be in the range of $4.88 to $4.96 | Revised Up |
| Quarterly incident-related cash payments | approximately $33 million | Oct 2025 | no incident-related cash payment figure appears anywhere in the Q4 FY26 call | Ghosted |
2 of CrowdStrike Holdings, Inc.'s 78 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 75 more targets are in the full ledger.
Claimed
- All-time record net new ARR of $333 million, accelerating to 51% year-over-year growth and beating guidance by more than $45 million.
- Ending ARR reached $5.84 billion, up more than 25% year-over-year, accelerating for the fourth consecutive quarter.
- Total revenue grew 26% year-over-year to $1.47 billion, accelerating for the fifth consecutive quarter.
- Record free cash flow of $377 million (26% of revenue), growing 33% year-over-year.
- Record operating income of $372 million (25% of revenue), growing 46% year-over-year.
Qualified
Price
$228.1 +0.31% · +$0.71
Performance +88.3% 1Y
1Y: $121.16 on 17 Oct 2025 → $228.1. High $278.86 (6 Oct 2026), low $87.56 (24 Feb 2026).
- Previous close
- $227.39
- 52-week range
- $87.56 – $278.86
- One year
- +81.18%
Overview
- Symbol
- CRWD
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
51 of 53 judged targets kept · 25 open · verdicts reflect calls analysed to Apr 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Acquired net new ARR from SGNL and Seraphic | $5 million to $8 million | Jan 2026 | contributing a combined $7.8 million of acquired net new ARR, which was within our stated expectations of $5 million to $8 million | Achieved |
| Full-year diluted non-GAAP EPS | $4.78 to $4.90 | Jan 2026 | we expect non-GAAP net income per share ... to be in the range of $4.88 to $4.96 | Revised Up |
| Quarterly incident-related cash payments | approximately $33 million | Oct 2025 | no incident-related cash payment figure appears anywhere in the Q4 FY26 call | Ghosted |
Claimed
- All-time record net new ARR of $333 million, accelerating to 51% year-over-year growth and beating guidance by more than $45 million.
- Ending ARR reached $5.84 billion, up more than 25% year-over-year, accelerating for the fourth consecutive quarter.
- Total revenue grew 26% year-over-year to $1.47 billion, accelerating for the fifth consecutive quarter.
- Record free cash flow of $377 million (26% of revenue), growing 33% year-over-year.
- Record operating income of $372 million (25% of revenue), growing 46% year-over-year.
Qualified
The full ledger
Open CrowdStrike Holdings, Inc.’s full ledger
A free account opens 5 company ledgers a month. All 78 tracked commitments, with each call’s wording and source.
Call summaries
Apr 2026 (Q1 FY27) — Jun 3, 2026
CrowdStrike Q1 FY27 — Post-'Mythos' AI inflection drives raised net-new-ARR guide and first-ever stock split
Read the full callJan 2026 (Q4 FY26) — Mar 3, 2026
CrowdStrike Q4 FY26 — Record Net New ARR and AI-Driven Demand
Read the full callEvery analysed call
CrowdStrike earnings calls (CRWD)
Financials
What the filings say
Net profit, year on year: +108% (quarter to jul 2026 against jul 2025).
| Line item | Oct 2024 | Jan 2025 | Apr 2025 | Jul 2025 | Oct 2025 | Jan 2026 | Apr 2026 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,010 | 1,059 | 1,103 | 1,169 | 1,234 | 1,305 | 1,386 | 1,471 |
| Operating profit | -56 | -85 | -119 | -105 | -69 | 14 | -31 | -33 |
| Operating margin | −5.5% | −8.1% | −10.8% | −9.0% | −5.6% | 1.1% | −2.2% | −2.3% |
| Interest | 7 | 7 | 7 | 7 | 7 | 8 | 6 | 6 |
| Profit before tax | -11 | -46 | -84 | -64 | -23 | 58 | 39 | 4 |
| Tax rate | −59.6% | −99.6% | −25.1% | −9.3% | −46.1% | −6.3% | −17.7% | −34.9% |
| Net profit | -17 | -92 | -104 | -70 | -34 | 59 | 28 | 5 |
| EPS ($ per share) | -0.07 | — | -0.42 | -0.07 | -0.14 | — | 0.11 | 0.01 |
| Line item | Jan 2019 | Jan 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | — | 0 | 0 | 0 | 0 | 0 | 1 |
| Reserves | -519 | -637 | -730 | -965 | -1,148 | -1,059 | -1,121 | -1,283 |
| Total liabilities | 363 | 662 | 1,861 | 2,581 | 3,539 | 4,309 | 5,383 | 6,614 |
| Fixed assets | 74 | 136 | 167 | 261 | 492 | 620 | 789 | 976 |
| Investments | 103 | 647 | — | 0 | 250 | 100 | 0 | — |
| Total assets | 433 | 1,405 | 2,733 | 3,618 | 5,027 | 6,647 | 8,702 | 11,087 |
| Line item | Jan 2019 | Jan 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -23 | 100 | 357 | 575 | 941 | 1,166 | 1,382 | 1,612 |
| Cash from investing | -142 | -630 | 495 | -565 | -557 | -341 | -537 | -764 |
| Cash from financing | 190 | 706 | 800 | 73 | 77 | 93 | 107 | 132 |
| Net cash flow | 25 | 176 | 1,654 | 78 | 460 | 921 | 947 | 990 |
| Capital expenditure | -36 | -80 | -53 | -112 | -235 | -177 | -255 | -302 |
| Free cash flow | -59 | 20 | 304 | 463 | 706 | 990 | 1,127 | 1,310 |
CRWD revenue by segment
| Segment | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q2 FY2026 | Q3 FY2026 | Q1 FY2027 | Q2 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Professional Services | 5% | 5% | 5% | 5% | 6% | 5% | 5% | 5% | +7.0% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
CRWD operating KPIs by quarter
| KPI | Apr 2025 Q1 FY26 | Jul 2025 Q2 FY26 | Oct 2025 Q3 FY26 | Jan 2026 Q4 FY26 | Apr 2026 Q1 FY27 | Jul 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|
| Annual recurring revenue (ARR) | $4.44BIn Q1, we achieved net new ARR of $194 million, growing ending ARR to $4.44 billion, up 22% over last year.Source: earnings call transcript | $4.66BHighlights included: one, record Q2 net new ARR of $221 million, double-digit millions ahead of our expectations, showcasing accelerating net new ARR; two, ending ARR of $4.66 billion, growing more than 20% year-over-year; three, record Q2 free cash flow of $284 million or 24% of revenue; four, record operating income of $255 million or 22% of revenue; five, total revenue growth of 21% year-over-year, reaching $1.17 billion and exceeding the high end of our guidance; six, cloud, Next-Gen Identity, and Next-Gen SIEM platform solutions are now more than $1.56 billion in ending ARR, growing more than 40% year-over-year; and seven, we surpassed the 1,000 Falcon Flex customer milestone with the average Flex customer representing more than $1 million of ending ARR.Source: earnings call transcript | $4.92BAcross the entire CrowdStrike team, I'm extremely proud of our Q3 with highlights including: one, record Q3 net new ARR of $265 million, which grew 73% year-over-year, beating our expectations by more than 10%; two, ending ARR of $4.92 billion, which accelerated to 23% growth year-over-year; three, record Q3 free cash flow of $296 million or 24% of revenue; four, all-time record operating income of $265 million or 21% of revenue, this is the second consecutive quarter of record operating income; five, broad-based ending ARR acceleration across cloud, Next-Gen Identity and Next-Gen SIEM collectively as well as acceleration in our endpoint business; and six, more than $1.35 billion in ending ARR from accounts that have adopted the Falcon Flex subscription model, growing more than 200% year-over-year.Source: earnings call transcript | $5.25BTwo, ending ARR of $5.25 billion, crossing the $5 billion milestone, which accelerated to 24% growth year-over-year.Source: earnings call transcript | $5.51BIn this new Agentic era, we're now guiding net new ARR acceleration for the full year Q1 highlights included: one, record Q1 net new ARR of $256 million, up 32% year-over-year and exceeding the high end of our guidance; two, ending ARR of $5.51 billion, accelerating over our record Q4 and more than 24% growth; three, total revenue of $1.39 billion, up 26% year-over-year, beating guidance and accelerating for the fourth consecutive quarter; four, all-time record free cash flow of $468 million or 34% of revenue, exceeding our expectations.Source: earnings call transcript | $5.84BTwo, ending ARR growth accelerated for the fourth consecutive quarter, reaching $5.84 billion, up more than 25% year-over-year; three, total revenue growth accelerated for the fifth consecutive quarter, reaching $1.47 billion, up 26% year-over-year.Source: earnings call transcript | +6% |
| Annual recurring revenue (ARR) Next-Gen SIEM | — | — | — | $585M+Our Next-Gen SIEM business grew over 75% year-over-year, delivering ending ARR of more than $585 million.Source: earnings call transcript | $600M+Our next-gen SIEM business exceeded $600 million in ending ARR and has transformed CrowdStrike into the operating system of the AI SOC.Source: earnings call transcript | $695M+NextGen SIEM ending ARR surpassed $695 million this quarter as both new and existing customers are standardizing on Falcon as the operating system of the SOC.Source: earnings call transcript | — |
| Gross retention rate | 97%In Q1, where we met or exceeded our key metrics, highlights include: one, Q1 net new ARR of $194 million, double-digit millions ahead of our expectations; two, Q1 ending ARR surpassing $4.4 billion, maintaining our leadership as the only pure-play cybersecurity software company of this size; three, subscription gross margin of 80%, demonstrating our AI platform efficiency; four, sustained 97% gross retention as customers remain firmly committed to Falcon; five, free cash flow of $279 million or 25% of revenue, demonstrating double-digit quarter-on-quarter growth; and six, added $774 million of total Falcon Flex account value, bringing the total deal value of accounts that have adopted Falcon Flex to $3.2 billion, growing 31% sequentially and more than 6x year-over-year.Source: earnings call transcript | — | — | 97%Six, dollar-based net retention of 115% and gross retention of 97%, showcasing best-in-class durability and stickiness, which leads to my final point.Source: earnings call transcript | — | — | — |
| Annual recurring revenue (ARR) Falcon Flex | — | — | $1.35B+Across the entire CrowdStrike team, I'm extremely proud of our Q3 with highlights including: one, record Q3 net new ARR of $265 million, which grew 73% year-over-year, beating our expectations by more than 10%; two, ending ARR of $4.92 billion, which accelerated to 23% growth year-over-year; three, record Q3 free cash flow of $296 million or 24% of revenue; four, all-time record operating income of $265 million or 21% of revenue, this is the second consecutive quarter of record operating income; five, broad-based ending ARR acceleration across cloud, Next-Gen Identity and Next-Gen SIEM collectively as well as acceleration in our endpoint business; and six, more than $1.35 billion in ending ARR from accounts that have adopted the Falcon Flex subscription model, growing more than 200% year-over-year.Source: earnings call transcript | $1.69BSeven, we delivered $1.69 billion in ending ARR from accounts that have adopted the Falcon Flex subscription model, growing more than 120% year-over-year, turbocharging our land-and-expand motion.Source: earnings call transcript | $1.9B+Five, record Q1 operating income of $326 million or 24% of revenue, up 62% year-over-year, exceeding guidance and six, we added over 300 Falcon Flex accounts in the quarter with accounts that have adopted the subscription model reaching more than $1.9 billion in ending ARR, growing 99% year-over-year.Source: earnings call transcript | $2.29B+Seven, all-time record Falcon Flex quarter with ending ARR from accounts that have adopted the Falcon Flex subscription model surpassing $2.29 billion, accelerating to 101% year-over-year growth.Source: earnings call transcript | — |
| Annual recurring revenue (ARR) Next-Gen Identity, Cloud and Next-Gen SIEM | — | — | — | $1.9B+Collectively, our Next-Gen Identity, cloud and Next-Gen SIEM businesses grew more than 45% year-over-year reaching more than $1.9 billion in ending ARR.Source: earnings call transcript | $2B+Combined, these businesses have now exceeded $2 billion in ending ARR.Source: earnings call transcript | $2.1BWhen you think about cloud, next-gen SIEM, next-gen identity, ending ARR was $2.1 billion, up 39% year-over-year.Source: earnings call transcript | — |
| Annual recurring revenue (ARR) Cloud | — | — | — | $800M+For the first time, our cloud business exceeded $800 million in ending ARR as our customers look to us to secure the infrastructure powering their AI future.Source: earnings call transcript | — | $905M+Moving on to cloud, where ending ARR exceeded $905 million, growing more than 29% year-over-year.Source: earnings call transcript | — |
| Customers Reflex | — | — | — | — | 480The most exciting part is the Reflex dynamic, customers renewing and expanding their investment beyond their first Flex contract with highlights including the number of Reflex customers reached 480, representing nearly 25% of all Flex customers.Source: earnings call transcript | 630+We also saw a record reflex activity for existing Flex customers with more than 630 accounts having reflexed at least once up 6x year-over-year.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q2 FY2027 · share of revenue
- US 65% ↓ 3 pt
- EMEA 18% ↑ 2 pt
- Asia Pacific 11% ↑ 1 pt
- Other Countries 6%
As CRWD cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
2179 filings between Oct 24, 2025 and Oct 14, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$757.60M
2113 sales by 10 insiders
93% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 37
- Award — granted as compensation
- 3
- Option exercise — converted options into shares
Also filed: 26 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Kurtz George | — | $317.71M | Oct 14, 2026 |
| Podbere Burt W. | — | $158.42M | Sep 24, 2026 |
| Sentonas Michael | — | $127.01M | Sep 30, 2026 |
| GANDHI SAMEER K | — | $65.04M | Oct 1, 2026 |
| Watzinger Gerhard | — | $35.59M | Sep 16, 2026 |
| OLEARY DENIS | — | $19.92M | Jul 13, 2026 |
| Saha Anurag | — | $13.29M | Oct 1, 2026 |
| AUSTIN ROXANNE S | — | $11.88M | Sep 14, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 14, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 1,014 | $258.5K |
| Oct 14, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 160 | $40.9K |
| Oct 14, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 1,544 | $386.2K |
| Oct 14, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 1,644 | $414.4K |
| Oct 14, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 1,676 | $425.8K |
| Oct 14, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 1,468 | $371.2K |
| Oct 14, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 883 | $220.0K |
| Oct 14, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 1,611 | $404.4K |
| Oct 13, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 3,283 | $861.7K |
| Oct 13, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 476 | $125.8K |
| Oct 13, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 1,997 | $522.3K |
| Oct 13, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 640 | $170.6K |
| Oct 13, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 200 | $53.5K |
| Oct 13, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 1,484 | $394.0K |
| Oct 13, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 1,320 | $347.7K |
| Oct 13, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 600 | $156.4K |
| Oct 12, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 1,800 | $476.8K |
| Oct 12, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 680 | $180.8K |
| Oct 12, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 120 | $32.5K |
| Oct 12, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 560 | $150.6K |
| Oct 12, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 440 | $117.5K |
| Oct 12, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 320 | $83.8K |
| Oct 12, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 3,200 | $841.6K |
| Oct 12, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 120 | $33.1K |
| Oct 12, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 440 | $119.7K |
| Oct 12, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 280 | $76.4K |
| Oct 12, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 880 | $235.9K |
| Oct 12, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 1,040 | $274.3K |
| Oct 12, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 120 | $33.0K |
| Oct 9, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 1,079 | $291.3K |
| Oct 9, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 1,041 | $285.5K |
| Oct 9, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 1,803 | $481.0K |
| Oct 9, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 440 | $116.8K |
| Oct 9, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 1,080 | $289.1K |
| Oct 9, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 560 | $147.4K |
| Oct 9, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 400 | $105.7K |
| Oct 9, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 147 | $39.6K |
| Oct 9, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 574 | $157.8K |
| Oct 9, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 1,594 | $435.8K |
| Oct 9, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 1,156 | $314.8K |
| Oct 9, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 126 | $34.2K |
| Oct 8, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 160 | $43.5K |
| Oct 8, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 1,792 | $477.2K |
| Oct 8, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 1,568 | $416.3K |
| Oct 8, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 760 | $203.2K |
| Oct 8, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 760 | $204.3K |
| Oct 8, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 1,080 | $285.5K |
| Oct 8, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 1,292 | $348.5K |
| Oct 8, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 148 | $40.1K |
| Oct 8, 2026 | Kurtz George PRESIDENT AND CEO | Sale 10b5-1 plan | 400 | $105.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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