CrowdStrike Raises 2027 Outlook, Sees 15% Cost Rise, Splits Stock 4-for-1
CRWD•CrowdStrike's first-quarter operating expenses rose 15% to $1.07B as it boosts AI and product development, while Q1 revenue reached $1.39B, surpassing the $1.36B consensus. The company lifted its fiscal 2027 revenue outlook to $5.91–5.96B, raised adjusted EPS guidance to $4.88–4.96, and announced a four-for-one stock split.
1. Q1 Revenue and Expenses
In fiscal first quarter, CrowdStrike posted revenue of $1.39 billion, up 26% year-over-year and exceeding the $1.36 billion consensus. Total operating expenses rose 15% to $1.07 billion from $934.3 million a year earlier as the company invests in AI and product development.
2. Profit and Adjusted Earnings
The company reported net income of $27.8 million, or $0.11 per share, and delivered adjusted earnings of $1.10 per share, surpassing the $1.07 analyst expectation. The strong top-line growth offset margin pressures from higher R&D and sales spending.
3. Fiscal 2027 Outlook
CrowdStrike raised its fiscal 2027 revenue guidance to a range of $5.91 billion to $5.96 billion from $5.87 billion to $5.93 billion. Adjusted EPS is now expected between $4.88 and $4.96, up from prior outlook of $4.78 to $4.90.
4. Stock Split and Market Reaction
The board approved a four-for-one stock split to increase share liquidity. Despite the beat and upward guidance, shares fell about 8% in after-hours trading, reflecting investor sensitivity to rising expenses.
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