CrowdStrike — 2026Q3 earnings
reported 2026-08-26
EPS $0.31 vs $0.29 est — beat
next session +20.5% (close 2026-08-26 → 2026-08-27)
Source
Press release ↗Summary
Revenue growth of 26% was steady rather than remarkable; the number that moved the story was net new ARR, which set a record and grew 51% year over year off a base growing 25%, and management immediately spent that strength on a higher full-year bar. Non-GAAP EPS of $0.31 and Q2-record operating and free cash flow back the quarter up with cash rather than bookings alone. The caveat the release does not headline is that GAAP operations still lost money, so the profitability improvement is real but narrow.
Review
From the report
CrowdStrike's fiscal Q2 2027 was a reacceleration quarter: record net new ARR of $333 million growing 51% year over year let management raise the full-year net new ARR growth outlook by 630 basis points.
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Total revenue grew 26% year over year to $1.47 billion, the top-line figure the release leads its financial highlights with. show quote
“Total revenue was $1.47 billion, a 26% increase, compared to $1.17 billion in the second quarter of fiscal 2026.”
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The quarter's real news is ARR reacceleration: net new ARR set a company record and grew 51% year over year, well above the 25% growth of the total ARR base. show quote
“Delivers record net new ARR of $333 million, accelerates growth to 51% year-over-year”
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Management raised the full-year FY27 net new ARR growth outlook by 630 basis points, turning a single strong quarter into a higher full-year bar. show quote
“Increases FY27 net new ARR growth guidance by 630 basis points to 34% year-over-year growth at the midpoint”
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Non-GAAP diluted EPS was $0.31, up from $0.23 a year earlier. show quote
“Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted, was $0.31, compared to $0.23 in the second quarter of fiscal 2026.”
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Cash generation hit a Q2 record on both measures, which supports the growth claim with actual cash rather than bookings. show quote
“Generates Q2 record cash flow from operations of $530 million and Q2 record free cash flow of $377 million”
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as of 2026-08-26