CrowdStrike Posts Record Quarter as AI-Driven Threats Drive Big ARR Gains

Overview

• CrowdStrike reported $1.47 billion in fiscal Q2 revenue and $0.31 adjusted EPS while recording a quarterly net new ARR of about $333 million and total ARR of $5.84 billion.
• Leadership raised FY2027 guidance to $5.99–$6.01 billion in revenue and increased the net new ARR midpoint to roughly $1.355 billion, implying stronger-than-expected subscription growth.
• CEO George Kurtz tied the demand surge to what he called the "Mythos moment," referring to high-profile AI models that security teams fear can expose new software vulnerabilities and speed enterprise urgency for AI security.
• Product shifts are widening customer spend: roughly half of subscription customers now use six or more Falcon modules and customers moving to Falcon Flex, a usage-based model, saw average ARR rise more than 40%.
• The stock jumped about 20% after the results then pared gains as investors flagged a rich forward valuation near 40x price-to-sales, which leaves the market weighing continued ARR momentum against high expectations.