CrowdStrike Q1 Profit, 26% Revenue Rise to $1.39 Billion, Outlook Raised
CRWD•CrowdStrike swung to Q1 net income of $27.8 million, or $0.11 per share, on 26% revenue growth to $1.39 billion and generated $255.8 million in net new ARR, boosting ARR to $5.51 billion. Management lifted its fiscal 2027 revenue forecast to $5.91 billion–$5.96 billion and adjusted EPS guidance to $4.88–$4.96, while shares fell 11% after hours.
1. Q1 Financial Performance
CrowdStrike reported a net income of $27.8 million, or $0.11 per share, reversing a prior-year loss of $104.3 million. Total revenue reached $1.39 billion, up 26%, while net new ARR of $255.8 million lifted annual recurring revenue to $5.51 billion, and adjusted EPS came in at $1.10.
2. Revised FY2027 Outlook
Management raised its full-year revenue guidance to $5.91 billion–$5.96 billion from $5.87 billion–$5.93 billion and boosted adjusted EPS targets to $4.88–$4.96 per share from $4.78–$4.90. For Q2, revenue is forecast at about $1.44 billion with adjusted EPS of $1.16–$1.17.
3. After-Hours Sell-Off and Stock Split
Shares fell approximately 11% in after-hours trading despite the beat and raised outlook, reflecting high expectations priced in. The board approved a four-for-one stock split, with a June 25 record date and split-adjusted trading to begin July 2.
4. Cash Flow and Liquidity Position
Free cash flow surged to $468.5 million from $279.4 million a year earlier, strengthening liquidity. Cash and cash equivalents stood at $4.55 billion as of April 30.
