CrowdStrike shares jump on earnings beat, raised outlook

Investing.com -- CrowdStrike Holdings Inc. shares climbed more than 9% in after-hours trading Wednesday following stronger-than-expected quarterly results and an increased full-year forecast.

The cybersecurity company posted second-quarter earnings per share of $0.31, surpassing analyst expectations of $0.29. Revenue reached $1.47 billion, above the $1.44 billion consensus estimate.

For fiscal year 2027, CrowdStrike projected earnings per share between $1.25 and $1.26. The company forecast revenue in the range of $5.99 billion to $6.01 billion, exceeding the analyst consensus of $5.93 billion.

The company's GAAP subscription gross margin stood at 78%, up from 77% in the same quarter last year. Non-GAAP subscription gross margin reached 81%, compared to 80% in the prior-year period.

"Q2 was the best quarter in CrowdStrike's history," said George Kurtz, CrowdStrike's Founder and Chief Executive Officer. "Delivering record Falcon Flex results, record net new ARR, and accelerating growth—the Falcon is soaring. We're raising our full year fiscal 2027 net new ARR growth outlook by 630 basis points. The Mythos moment translated into mass-market acceptance that AI adoption needs security, and that's CrowdStrike. Every enterprise will run on AI, and securing it is the largest market opportunity in our history."

Burt Podbere, CrowdStrike's Chief Financial Officer, said the company achieved record net new annual recurring revenue of $333 million in the quarter. The company raised its full-year fiscal 2027 net new ARR growth outlook to 34% at the midpoint.

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