Overview

• CrowdStrike reported adjusted earnings of $0.93 per share on revenue of $1.17 billion, with annual recurring revenue rising 20% to $4.66 billion.
• The company guided third-quarter revenue to $1.21–$1.22 billion, coming in slightly below Wall Street forecasts and prompting shares to fall in postmarket and premarket trading.
• Outage-related expenses have exceeded $75 million this year, and the CFO said roughly $51 million of cash payments tied to the incident are expected in the third quarter.
• Management said service credits and discounts will reduce revenue by about $10–$15 million per quarter for the rest of the fiscal year, while BTIG projects a $50 million rebate drag tapering by fiscal 2027.
• At least 10 brokerages cut price targets after the report, and CrowdStrike announced plans to acquire data-management firm Onum.