Adjusted Q1 EPS of $1.10 topped forecasts by 3 cents and revenue reached $1.39 billion, up from $1.36 billion estimates. Shares plunged 13% after-hours following second-quarter guidance matching consensus and modest full-year outlook, despite raising fiscal 2027 EPS to $4.88–4.96 and approving a 4-for-1 stock split.
CrowdStrike reported adjusted EPS of $1.10 and revenue of $1.39 billion, exceeding consensus estimates of $1.07 and $1.36 billion respectively. Annual recurring revenue reached $5.51 billion, up 24% year-over-year, including $255.8 million in net new ARR added during the quarter.
Despite the earnings beat, shares declined 13% in after-hours trading after a 2.77% drop in the regular session. Investors reacted to guidance that matched market expectations rather than providing upside surprises.
For Q2, management forecast adjusted EPS of $1.16–$1.17 and revenue of $1.43–$1.44 billion, both in line with consensus. The full-year fiscal 2027 outlook was raised to EPS of $4.88–$4.96 and revenue of $5.91–$5.95 billion, modestly above prior targets.
The board approved a four-for-one stock split, with shareholders of record as of June 25 receiving additional shares after the close on July 1. CEO George Kurtz highlighted the convergence of cybersecurity and frontier AI, positioning CrowdStrike as essential AI security infrastructure.
