OpenNashEarnings

CrowdStrike (CRWD) · Software

CrowdStrike Q1 FY2027 earnings: summary, key numbers & outlook

Results filed 3 Jun 2026 · Quarter ended 30 Apr 2026

Press release ↗Investor relations ↗

Summaries and transcripts are machine-generated and can contain errors.

In brief

CrowdStrike reported Q1 FY2027 total revenue of $1.39 billion, a 26% increase, record net new ARR of $256 million, and record free cash flow of $468 million.

CrowdStrike's first quarter of fiscal 2027 (ended April 30, 2026) brought total revenue of $1.39 billion, up 26% from a year ago. ARR grew 24% to $5.51 billion, with a record $255.8 million of net new ARR. The company swung to a GAAP net profit of $27.8 million from a loss a year earlier. Operating cash flow of $590.9 million and free cash flow of $468.5 million were both records.

Management raised its fiscal 2027 outlook. It guides to full-year revenue of $5,914.7 - $5,958.7 million and non-GAAP EPS of $4.88 - $4.96. Second-quarter revenue is guided to $1,436.0 - $1,442.0 million. The tension is that GAAP operations still posted a loss of $30.6 million, with stock-based compensation of $317.6 million, and the company spent $881.4 million on acquisitions this quarter. It also announced a four-for-one stock split.

Key numbers

Total revenue · GAAP
$1.39 billion

a 26% increase, compared to $1.10 billion in the first quarter of fiscal 2026

Net income attributable to CrowdStrike · GAAP
$27.8 million

compared to a loss of $104.3 million in the first quarter of fiscal 2026

Diluted net income per share · GAAP
$0.11

compared to a loss of $0.42 in the first quarter of fiscal 2026

Non-GAAP diluted net income per share · non-GAAP
$1.10

compared to $0.73 in the first quarter of fiscal 2026

Non-GAAP subscription gross margin · non-GAAP
81%

compared to 80% in the first quarter of fiscal 2026

GAAP subscription gross margin · GAAP
78%

compared to 77% in the first quarter of fiscal 2026

Non-GAAP income from operations · non-GAAP
$325.7 million

compared to $201.1 million in the first quarter of fiscal 2026

GAAP loss from operations · GAAP
$30.6 million

loss, compared to a loss of $118.7 million in the first quarter of fiscal 2026

Segment or metricValueChange
Annual recurring revenue (ARR)$5.51 billiongrew 24% year-over-year
Net new ARR$255.8 millionrecord Q1 net new ARR, up 32% year-over-year
Subscription revenue$1.32 billiona 26% increase, compared to $1.05 billion in the first quarter of fiscal 2026
Module adoption (six or more modules)51%
Module adoption (eight or more modules)25%
Where each number comes from
  • Total revenue: “Total revenue was $1.39 billion, a 26% increase, compared to $1.10 billion in the first quarter of fiscal 2026.”
  • Net income attributable to CrowdStrike: “GAAP net income attributable to CrowdStrike was $27.8 million, compared to a loss of $104.3 million in the first quarter of fiscal 2026.”
  • Diluted net income per share: “GAAP net income per share attributable to CrowdStrike, diluted, was $0.11, compared to a loss of $0.42 in the first quarter of fiscal 2026.”
  • Non-GAAP diluted net income per share: “Non-GAAP net income attributable to CrowdStrike per share, diluted, was $1.10, compared to $0.73 in the first quarter of fiscal 2026.”
  • Non-GAAP subscription gross margin: “Non-GAAP subscription gross margin was 81%, compared to 80% in the first quarter of fiscal 2026.”
  • GAAP subscription gross margin: “GAAP subscription gross margin was 78%, compared to 77% in the first quarter of fiscal 2026.”
  • Non-GAAP income from operations: “Non-GAAP income from operations was $325.7 million, compared to $201.1 million in the first quarter of fiscal 2026.”
  • GAAP loss from operations: “GAAP loss from operations was $30.6 million, compared to $118.7 million in the first quarter of fiscal 2026.”
  • Annual recurring revenue (ARR): “Annual Recurring Revenue (ARR) grew 24% year-over-year to $5.51 billion as of April 30, 2026, of which $255.8 million was net new ARR added in the quarter.”
  • Net new ARR: “Annual Recurring Revenue (ARR) grew 24% year-over-year to $5.51 billion as of April 30, 2026, of which $255.8 million was net new ARR added in the quarter.”
  • Subscription revenue: “Subscription revenue was $1.32 billion, a 26% increase, compared to $1.05 billion in the first quarter of fiscal 2026.”
  • Module adoption (six or more modules): “module adoption rates grew to 51%, 35%, and 25% for six or more, seven or more, and eight or more modules, respectively, as of April 30, 2026.”
  • Module adoption (eight or more modules): “module adoption rates grew to 51%, 35%, and 25% for six or more, seven or more, and eight or more modules, respectively, as of April 30, 2026.”

Copied from the press release ↗ and other documents in the SEC filing ↗. A figure is published only if its sentence is in the filing.

From the filingQ1 FY2027vs year agovs last quarter
Revenue$1.4B+25.6%+6.1%
Operating income-$30.6M+74.2%—
Net income$27.8M—−53.2%
Diluted EPS$0.11——
Free cash flow$493.3M+65.3%+24.8%
Gross margin75.3%+1.4 pts−0.8 pts
Operating margin-2.2%+8.6 pts−3.3 pts

Calculated by code from XBRL, not by the model.

Outlook

MetricPeriodOutlook
Total revenuesecond quarter of fiscal 2027$1,436.0 - $1,442.0 million
Total revenuefiscal year 2027$5,914.7 - $5,958.7 million
Annual recurring revenuesecond quarter of fiscal 2027$5,792.6 - $5,794.6 million
Annual recurring revenuefiscal year 2027$6,531.7 - $6,555.5 million
Non-GAAP income from operationssecond quarter of fiscal 2027$345.6 - $349.1 million
Non-GAAP income from operationsfiscal year 2027$1,452.3 - $1,480.3 million
Non-GAAP diluted net income per sharesecond quarter of fiscal 2027$1.16 - $1.17
Non-GAAP diluted net income per sharefiscal year 2027$4.88 - $4.96
Non-GAAP tax ratefiscal year 202721.0%

Key takeaways

  1. Record Q1 net new ARR of $256 million

    Net new ARR was $255.8 million in the quarter, up 32% year-over-year, and ARR grew 24% to $5.51 billion.

  2. Cash flow reached record levels

    Net cash generated from operations was $590.9 million and free cash flow was $468.5 million, versus $384.1 million and $279.4 million a year earlier.

  3. GAAP profit returned as margins expanded

    GAAP net income attributable to CrowdStrike was $27.8 million versus a loss of $104.3 million, while non-GAAP operating margin rose to 24% from 18%.

  4. FY27 outlook raised, with ARR growth accelerating

    Management expects full-year revenue of $5,914.7 - $5,958.7 million and non-GAAP EPS of $4.88 - $4.96. It raised net new ARR growth expectations to 27.7% at the midpoint.

  5. Acquisition spending and four-for-one split announced

    Business acquisitions used $881,376 thousand in cash, and goodwill rose to $2,267,493 thousand. The board also approved a four-for-one split, with split-adjusted trading expected July 2, 2026.

Charts

Revenue$1.4B+25.6% y/yQ1 FY27
Q3 FY25: $1.0BQ3 25$1.0BQ4 FY25: $1.1B (worked out from the annual figure)Q4 25$1.1BQ1 FY26: $1.1BQ1 26$1.1BQ2 FY26: $1.2BQ2 26$1.2BQ3 FY26: $1.2BQ3 26$1.2BQ4 FY26: $1.3B (worked out from the annual figure)Q4 26$1.3BQ1 FY27: $1.4BQ1 27$1.4BQ2 FY27: $1.5BQ2 27$1.5B

Fourth quarter worked out from the annual figure.

Data
Q3 FY25$1.0B
Q4 FY25$1.1B *
Q1 FY26$1.1B
Q2 FY26$1.2B
Q3 FY26$1.2B
Q4 FY26$1.3B *
Q1 FY27$1.4B
Q2 FY27$1.5B
Diluted EPS (GAAP)$0.11Q1 FY27
Q3 FY25: -$0.07Q3 25-$0.07Q1 FY26: -$0.42Q1 26-$0.42Q2 FY26: -$0.07Q2 26-$0.07Q3 FY26: -$0.14Q3 26-$0.14Q1 FY27: $0.11Q1 27$0.11Q2 FY27: $0.01Q2 27$0.01
Data
Q3 FY25-$0.07
Q1 FY26-$0.42
Q2 FY26-$0.07
Q3 FY26-$0.14
Q1 FY27$0.11
Q2 FY27$0.01

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin-2.2%+8.6 pts y/yQ1 FY27
Q3 FY25: -5.5%Q3 25-5.5%Q4 FY25: -7.7%Q4 25-7.7%Q1 FY26: -10.8%Q1 26-10.8%Q2 FY26: -9.0%Q2 26-9.0%Q3 FY26: -5.6%Q3 26-5.6%Q4 FY26: 1.1%Q4 261.1%Q1 FY27: -2.2%Q1 27-2.2%Q2 FY27: -2.3%Q2 27-2.3%
Data
Q3 FY25-5.5%
Q4 FY25-7.7%
Q1 FY26-10.8%
Q2 FY26-9.0%
Q3 FY26-5.6%
Q4 FY261.1%
Q1 FY27-2.2%
Q2 FY27-2.3%
Free cash flow$493.3M+65.3% y/yQ1 FY27
Q3 FY25: $247.4MQ3 25$247.4MQ4 FY25: $258.5MQ4 25$258.5MQ1 FY26: $298.4MQ1 26$298.4MQ2 FY26: $302.3MQ2 26$302.3MQ3 FY26: $314.1MQ3 26$314.1MQ4 FY26: $395.4MQ4 26$395.4MQ1 FY27: $493.3MQ1 27$493.3MQ2 FY27: $405.9MQ2 27$405.9M
Data
Q3 FY25$247.4M
Q4 FY25$258.5M
Q1 FY26$298.4M
Q2 FY26$302.3M
Q3 FY26$314.1M
Q4 FY26$395.4M
Q1 FY27$493.3M
Q2 FY27$405.9M

Operating cash flow minus capital expenditure, from cash flow statements.

Questions

What were CrowdStrike's key results for Q1 FY2027?

Total revenue was $1.39 billion, up 26% from a year ago, and ARR grew 24% to $5.51 billion. GAAP net income attributable to CrowdStrike was $27.8 million, or $0.11 per diluted share, and non-GAAP diluted EPS was $1.10.

How much cash did CrowdStrike generate in the quarter?

Net cash generated from operations was $590.9 million and free cash flow was $468.5 million, both records. A year earlier they were $384.1 million and $279.4 million.

What is CrowdStrike's guidance for the second quarter and full year?

For Q2 FY27, it guides to revenue of $1,436.0 - $1,442.0 million and non-GAAP EPS of $1.16 - $1.17. For FY27, it guides to revenue of $5,914.7 - $5,958.7 million and non-GAAP EPS of $4.88 - $4.96.

Did CrowdStrike change its growth outlook?

Yes. The company raised its FY27 net new ARR growth guidance by 520 basis points at the midpoint, to 27.7%, which it says is now an acceleration over the prior fiscal year.

What did CrowdStrike announce about its stock?

The board approved a four-for-one split of Class A common stock through a stock dividend. Holders of record on June 25, 2026 receive three additional shares per share after the close on July 1, 2026, and split-adjusted trading is expected to begin July 2, 2026.

Documents

SEC filing