CrowdStrike Posts a Record Quarter, Raises Its Full-Year Growth Forecast
CrowdStrike's fiscal second-quarter revenue rose 26% to $1.47 billion and net new annual recurring revenue hit a record $332.8 million. The cybersecurity company raised its full-year ARR growth outlook by more than six percentage points.
Meridians Money Desk
Published 31 August 2026 · Updated 31 August 2026 · 4 min read
BusinessThe short answer
- CrowdStrike reported fiscal second-quarter 2027 revenue of $1.47 billion, up 26% year-over-year, with subscription revenue up 27% to $1.40 billion, the company said August 26, 2026.
- Total annual recurring revenue reached $5.84 billion, up 25% year-over-year; net new ARR added in the quarter was a record $332.8 million, up 51% from a year earlier.
- CrowdStrike raised its full-year net new ARR growth guidance by 630 basis points to roughly 34% at the midpoint, and now expects full-year revenue of $5.99 billion to $6.01 billion.
- CEO George Kurtz called it the best quarter in company history; the Falcon Flex subscription offering more than doubled its ARR to $2.29 billion.
CrowdStrike had its best quarter yet, by its own account, and is telling investors to expect more of the same. The cybersecurity company reported fiscal second-quarter 2027 results on August 26, 2026, beating its own prior guidance and raising expectations for the rest of the year.
The numbers
- Total revenue: $1.47 billion, up 26% year-over-year
- Subscription revenue: $1.40 billion, up 27%
- Non-GAAP diluted EPS: $0.31 (GAAP diluted EPS: $0.01)
- Total annual recurring revenue (ARR): $5.84 billion, up 25%
- Net new ARR added: $332.8 million, up 51% year-over-year
- Falcon Flex subscription ARR: $2.29 billion, up 101%
Guidance raised
For the fiscal third quarter, ending October 31, 2026, CrowdStrike guided to ARR of $6.18 billion to $6.19 billion and revenue of $1.52 billion to $1.53 billion. For the full fiscal year, it now expects ARR of $6.60 billion to $6.61 billion and revenue of $5.99 billion to $6.01 billion — raising its net new ARR growth forecast by 630 basis points to about 34% at the midpoint.
What executives said
“Q2 was the best quarter in CrowdStrike's history. We're raising our full year fiscal 2027 net new ARR growth outlook.”
CFO Burt Podbere pointed to "record net new ARR of $333 million alongside record net new ARR from new logos" as evidence the growth is broad-based rather than concentrated in renewals from existing customers.
Sources
Every factual claim above is traceable to these documents. Check them — that is why they are here.
- CrowdStrike Reports Second Quarter Fiscal Year 2027 Financial ResultsCrowdStrike Investor Relations
- CrowdStrike Q2 FY2027 earnings beat: revenue, ARR top estimatesQuartz
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