# CrowdStrike (CRWD) Q1 FY2027 earnings

Results filed 2026-06-03 for the quarter ended 2026-04-30. Source page: https://earnings.opennash.com/companies/crwd/2027-q1/
Press release and exhibits: https://www.sec.gov/Archives/edgar/data/1535527/000153552726000022/0001535527-26-000022-index.htm
> 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

| Metric | Value | Change | Basis |
| --- | --- | --- | --- |
| Total revenue | $1.39 billion | a 26% increase, compared to $1.10 billion in the first quarter of fiscal 2026 | GAAP |
| Net income attributable to CrowdStrike | $27.8 million | compared to a loss of $104.3 million in the first quarter of fiscal 2026 | GAAP |
| Diluted net income per share | $0.11 | compared to a loss of $0.42 in the first quarter of fiscal 2026 | GAAP |
| Non-GAAP diluted net income per share | $1.10 | compared to $0.73 in the first quarter of fiscal 2026 | non-GAAP |
| Non-GAAP subscription gross margin | 81% | compared to 80% in the first quarter of fiscal 2026 | non-GAAP |
| GAAP subscription gross margin | 78% | compared to 77% in the first quarter of fiscal 2026 | GAAP |
| Non-GAAP income from operations | $325.7 million | compared to $201.1 million in the first quarter of fiscal 2026 | non-GAAP |
| GAAP loss from operations | $30.6 million | loss, compared to a loss of $118.7 million in the first quarter of fiscal 2026 | GAAP |
| Non-GAAP operating margin | 24% | compared to 18% a year ago | non-GAAP |
| Net cash generated from operations | $590.9 million | compared to $384.1 million in the first quarter of fiscal 2026 | GAAP |
| Free cash flow | $468.5 million | compared to $279.4 million in the first quarter of fiscal 2026 | non-GAAP |

## Segments and operating metrics

| Name | Value | Change |
| --- | --- | --- |
| Annual recurring revenue (ARR) | $5.51 billion | grew 24% year-over-year |
| Net new ARR | $255.8 million | record Q1 net new ARR, up 32% year-over-year |
| Subscription revenue | $1.32 billion | a 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% |  |

## Outlook

| Metric | Period | Outlook |
| --- | --- | --- |
| Total revenue | second quarter of fiscal 2027 | $1,436.0 - $1,442.0 million |
| Total revenue | fiscal year 2027 | $5,914.7 - $5,958.7 million |
| Annual recurring revenue | second quarter of fiscal 2027 | $5,792.6 - $5,794.6 million |
| Annual recurring revenue | fiscal year 2027 | $6,531.7 - $6,555.5 million |
| Non-GAAP income from operations | second quarter of fiscal 2027 | $345.6 - $349.1 million |
| Non-GAAP income from operations | fiscal year 2027 | $1,452.3 - $1,480.3 million |
| Non-GAAP diluted net income per share | second quarter of fiscal 2027 | $1.16 - $1.17 |
| Non-GAAP diluted net income per share | fiscal year 2027 | $4.88 - $4.96 |
| Non-GAAP tax rate | fiscal year 2027 | 21.0% |

## 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.

## 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.