CrowdStrike Holdings (NASDAQ: CRWD) reported quarterly results that exceeded Wall Street expectations and issued an upbeat full-year outlook, supported by record customer additions, strong subscription momentum, and heightened demand for its AI-enabled cybersecurity platform.
The company delivered adjusted EPS of $0.96, ahead of the $0.94 consensus. Revenue rose 22% to $1.23 billion, above expectations of $1.21 billion, with subscription revenue advancing 21% to $1.17 billion.
Annual recurring revenue (ARR) increased 23% to $4.92 billion, including a record $265 million in net new ARR, representing 73% growth from the prior year. CrowdStrike noted that more than $1.35 billion of ARR was tied to its Falcon Flex subscription model, up over 200% year over year.
The company delivered record cash-generation metrics, including $398 million in operating cash flow and $296 million in free cash flow. Adjusted operating income rose to $265 million from $201 million a year earlier, though net loss on a GAAP basis widened to $34 million.
CFO Burt Podbere said the company was “capitalizing on the AI-driven demand environment,” raising expectations for second-half net new ARR growth to at least 50% year over year.
CrowdStrike now forecasts fiscal 2026 revenue of $4.8 billion to $4.81 billion, slightly above the $4.78 billion consensus, and adjusted EPS of $3.70–$3.72, ahead of analyst expectations.
