CrowdStrike Raises ARR 47%, Guides Fiscal 2027 Revenue to $5.9 Billion
CrowdStrike posted net-new annual recurring revenue of $331 million, up 47% year-over-year, lifting total ARR to $5.25 billion and delivering $1.31 billion in quarterly revenue with $1.24 billion in subscriptions. Management set Q1 guidance of $1.362 billion revenue and fiscal 2027 revenue of about $5.9 billion, raising ARR growth outlook to 20–25%.
1. Strong Fourth-Quarter Performance
The company reported net-new annual recurring revenue of $331 million, a 47% year-over-year increase, and raised total ARR to $5.25 billion. Quarterly revenue reached $1.31 billion, including $1.24 billion from subscriptions, surpassing consensus estimates for ARR, earnings, and free cash flow.
2. Upbeat Fiscal Guidance
CrowdStrike projected first-quarter revenue of $1.362 billion and non-GAAP earnings of $1.07 per share. For fiscal 2027, management guided revenue to approximately $5.90 billion and increased the net-new ARR growth outlook to 20–25%.
3. Mixed Analyst Price Targets
Needham maintained a Buy rating but lowered its price target to $475, while Canaccord cut its target to $400 and held a Hold rating. Cantor Fitzgerald and Rosenblatt reaffirmed overweight and buy ratings with targets of $520 and $555, respectively, reflecting divergent views on valuation.
4. Geopolitical Tailwinds
Escalating tensions in the US–Israel–Iran conflict and regional military activity have lifted shares, with investors anticipating higher cyber-risk. The heightened threat environment is expected to drive faster adoption of CrowdStrike’s security platform as governments and enterprises boost spending.