Loading
Sentiment · FY2027 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Saket Kalia | Barclays | 8 (0%) |
| Brian Essex | JPMorgan | 8 (0%) |
| Matt Hedberg | RBC Capital Markets | 8 (0%) |
| Gabriela Borges | Goldman Sachs | 8 (0%) |
| Joe Gallo | Jefferies | 7 (0%) |
| Roger Boyd | UBS | 6 (0%) |
| Tal Liani | Bank of America | 5 (40%) |
| Fatima Boolani | Citigroup | 4 (50%) |
| Andy Nowinski | Wells Fargo | 4 (0%) |
| Patrick Colville | Scotiabank | 4 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| JPMorgan | 1 | 8 (0%) |
| Goldman Sachs | 1 | 8 (0%) |
| RBC Capital Markets | 1 | 8 (0%) |
| Barclays | 1 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2025 Q3 | $1.01B | +28.5% | $-0.02 | -163.6% | 74.7% | -5.5% | -1.7% | $231M |
| FY2025 Q4 | $1.06B | +25.2% | $-0.09 | -268.2% | 74.1% | -8.1% | -8.7% | $241M |
| FY2026 Q1 | $1.10B | +19.8% | $-0.11 |
| 8 (0%) |
| Jefferies | 1 | 7 (0%) |
| UBS | 1 | 6 (0%) |
| Bank of America | 1 | 5 (40%) |
| Morgan Stanley | 3 | 5 (0%) |
| -358.8% |
| 73.8% |
| -11.3% |
| -10.0% |
| $281M |
| FY2026 Q2 | $1.17B | +21.3% | $-0.08 | -263.2% | 73.5% | -9.7% | -6.6% | $285M |
| FY2026 Q3 | $1.23B | +22.2% | $-0.04 | -100.0% | 75.1% | -5.6% | -2.8% | $297M |
| FY2026 Q4 | $1.31B | +23.3% | $0.04 | +140.5% | 76.1% | 1.1% | 4.5% | $376M |
| FY2027 Q1 | $1.39B | +25.6% | $0.03 | +125.0% | 75.3% | -2.2% | 2.0% | $493M |
| FY2027 Q2 | $1.47B | +25.8% | $0.01 | +106.6% | 74.6% | -2.3% | 0.4% | $406M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
CrowdStrike opened FY2027 with a standout quarter: total revenue grew 26% year over year to $1.39 billion, accelerating for the fourth consecutive quarter, while record Q1 net new ARR of $255.8 million (up 32%) drove ending ARR to $5.51 billion. GAAP net income turned positive at $27.8 million (GAAP EPS of $0.11, versus a year-ago loss), and non-GAAP operating margin expanded 530 basis points to 24% as record free cash flow reached $468.5 million, or 34% of revenue. Management framed the quarter around a Mythos AI inflection point, with newer growth pillars such as AIDR (ending ARR up more than 250% sequentially) and Falcon Flex (ending ARR up 99% year over year) compounding demand. On that strength, CrowdStrike raised its full-year FY2027 outlook, lifting net new ARR guidance by more than $50 million and revenue guidance to a range of $5.915 billion to $5.959 billion, and announced its first stock split, a 4-for-1. The principal watch item is that the raise is back-half weighted, with management now guiding net new ARR seasonality to roughly 42% in the first half and 58% in the second half.
Competitive Dynamics | Demand | Cloud & AI | Revenue Growth | Subscriber Growth | Guidance Reliability | Innovation & R&D | Pricing | |
|---|---|---|---|---|---|---|---|---|
| 2025Q3 | 2 | 3 | 1 | 5 | 4 | 4 | 2 | |
| 2025Q4 | 3 | 3 | 5 | 3 | 1 | 2 | ||
| 2026Q1 | 4 | 4 | 2 | 3 | 5 | 2 | 2 | 1 |
| 2026Q2 | 6 | 3 | 4 | 4 | 1 | 2 | 3 | 1 |
| 2026Q3 | 4 | 4 | 3 | 2 | 4 | 4 | 2 | |
| 2026Q4 | 5 | 3 | 6 | 1 | 1 | 1 | 2 | 1 |
| 2027Q1 | 2 | 7 | 4 | 3 | 3 |
| '25Q3 | '25Q4 | '26Q1 | '26Q2 | '26Q3 | '26Q4 | '27Q1 | |
|---|---|---|---|---|---|---|---|
| Competitive Dynamics | 2 | 3 | 4 | 6 | 4 | 5 | 2 |
| Demand | 3 | 4 | 3 | 4 | 3 | 7 | |
| Cloud & AI | 1 | 3 | 2 | 4 | 3 | 6 | 4 |
| Revenue Growth | 5 | 5 | 3 | 4 | 2 | 1 | |
| Subscriber Growth | 4 | 3 | 5 | 1 | 4 | 1 | |
| Guidance Reliability | 4 | 1 | 2 | 2 | 1 | 3 | |
| Innovation & R&D | 2 | 2 | 3 | 4 | 2 | ||
| Pricing | 2 | 1 | 1 | 2 | 1 | 3 |
What CRWD and other companies said about each other on FY2027 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Previously, we highlighted our collaboration with partners like Zoom and CrowdStrike.”
HP cited CrowdStrike among its software partners collaborating on its AI PC / edge software stack.
“we closed the acquisitions of Signal and Seraphic in the first quarter”
CrowdStrike closed its acquisition of Seraphic in the first quarter, adding to acquired net new ARR.
“we closed the acquisitions of Signal and Seraphic in the first quarter”
CrowdStrike closed its acquisition of Signal, whose identity/authorization technology it is integrating into its next-gen identity offering.
“Kroll, who recently replaced their incumbent next gen endpoint vendor with CrowdStrike, brought us into a clothing manufacturer which is becoming a new logo account on the back of a QuiltWorks assessment.”
Kroll switched its endpoint vendor to CrowdStrike (a competitive takeaway) and is channeling new-logo deals to CrowdStrike via QuiltWorks assessments.
“Accenture, IBM, Kroll, and OpenAI, joined us to use the latest OpenAI and anthropic models for QuiltWorks engagements.”
IBM joined CrowdStrike's Project QuiltWorks coalition, using frontier models for vulnerability-remediation engagements.
“Partners including Accenture, AWS, Anthropic, Deloitte, NVIDIA, OpenAI, and Salesforce are building specialized security agents that operate natively on Falcon data.”
Accenture is named among AgentWorks ecosystem partners building specialized security agents on CrowdStrike's Falcon platform.
“Partners including Accenture, AWS, Anthropic, Deloitte, NVIDIA, OpenAI, and Salesforce are building specialized security agents that operate natively on Falcon data.”
Salesforce is named among AgentWorks ecosystem partners building specialized security agents on CrowdStrike's Falcon platform.
“Partners including Accenture, AWS, Anthropic, Deloitte, NVIDIA, OpenAI, and Salesforce are building specialized security agents that operate natively on Falcon data.”
AWS is named among AgentWorks ecosystem partners building specialized security agents natively on CrowdStrike's Falcon platform.
“He joins CrowdStrike from longtime strategic partner NVIDIA, where he led Agentic AI and cybersecurity AI. Bartley deepens our Nvidia collaboration and furthers our verticalization of AI into cybersecurity.”
CrowdStrike calls NVIDIA a longtime strategic partner and says a new AI-officer hire from NVIDIA deepens the collaboration on agentic and cybersecurity AI.
“CrowdStrike was the only cybersecurity company selected by both Anthropic and OpenAI from the very start to secure these new models”
CrowdStrike was selected by OpenAI (Trusted Access for Cyber) to secure its new models, a read-through of OpenAI building a cybersecurity ecosystem around releases.
“CrowdStrike was the only cybersecurity company selected by both Anthropic and OpenAI from the very start to secure these new models”
CrowdStrike was selected by Anthropic to secure its new frontier models from launch, a read-through of Anthropic prioritizing security partnerships for model releases.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
CRWD CrowdStrike | 10 | +25.6% | |
| ADBE Adobe Inc. | 9 | +12.7% | |
| AKAM Akamai Technologies | 4 | +5.4% | |
| CPAY Corpay | 8 | +21.5% | |
| CRWV CoreWeave, Inc. Class A Common Stock | 9 | +112.3% | |
| FFIV F5, Inc. | 9 | +10.8% | |
| FTNT Fortinet | 10 | +25.6% | |
| GDDY GoDaddy | 7 | +6.6% | |
| GEN Gen Digital | 8 | +6.3% | |
| MSFT Microsoft Corporation | 8 | +17.8% | |
| NET Cloudflare, Inc. | 9 | +35.9% | |
| ORCL Oracle Corporation | 9 | +20.6% | |
| PANW Palo Alto Networks | 9 | +31.1% | |
| PLTR Palantir Technologies | 10 | +92.8% | |
| SNPS Synopsys | 7 | +41.9% | |
| VRSN Verisign | 7 | +6.0% | |
| XYZ Block, Inc. | 10 | +9.3% | |
| ZS Zscaler | 9 | +25.4% |