CrowdStrike Raises ARR Outlook by $50M, Reports 32% ARR Growth, Approves Stock Split
CRWD•CrowdStrike posted Q1 FY27 net new ARR of $256M (+32% YoY), ending ARR of $5.51B (+24%) and revenue of $1.39B (+26%), raised its net new ARR outlook by $50M+ and approved a 4-for-1 split. Shares dropped 10% as investors reacted to guidance concerns during a tech-sector selloff.
1. Q1 FY27 Financial Results
CrowdStrike delivered net new ARR of $256 million, a 32% increase year-over-year, bringing total ARR to $5.51 billion, up 24%. Revenue reached $1.39 billion, marking a 26% rise from the year-ago quarter, driven by strong subscription sales.
2. Outlook and Share Split
Management lifted the net new ARR outlook by more than $50 million for FY27 and cited accelerating demand for AI-driven security solutions. The board approved a 4-for-1 stock split to enhance share liquidity and broaden access.
3. Market Reaction and Stock Movement
Despite robust results and an upgraded outlook, shares fell 10% during a broader technology selloff as investors focused on near-term guidance concerns. Geopolitical uncertainties and sector-wide pressure amplified the decline.
