Overview

• Earnings per share reached $0.93 versus $0.83 expected, with revenue up 21% year over year to $1.17 billion, topping the $1.15 billion consensus.
• Annual recurring revenue rose 20% to $4.66 billion, highlighting continued demand for the platform.
• The company guided third-quarter revenue to $1.21 billion to $1.22 billion, slightly below Wall Street estimates, and the stock fell more than 6% after hours before slipping 3.3% premarket Thursday, putting roughly $3.5 billion of market value at risk if losses hold.
• Outage-related costs have surpassed $75 million this year as rebates and discounts tied to last year's software error affect subscription timing, with BTIG projecting the roughly $50 million rebate drag to taper in fiscal 2027.
• CrowdStrike announced plans to acquire data-management firm Onum, while at least 10 brokerages cut price targets and analysts noted solid cybersecurity demand despite near-term volatility.