Overview
- CrowdStrike reported Q3 revenue of $1.23 billion (up 22% year over year) and adjusted EPS of $0.96, narrowly beating consensus on both metrics.
- Management guided Q4 revenue to $1.29–$1.30 billion and raised full-year revenue to $4.80–$4.81 billion, with an updated FY26 adjusted EPS range of $3.70–$3.72.
- Annual recurring revenue reached about $4.92 billion with $265 million in net new ARR, an acceleration to roughly 23% year-over-year growth and an all-time-high sales pipeline.
- Operating cash flow hit a record ~$397.5 million and free cash flow was ~$295.9 million, reflecting stronger unit economics and expanding platform adoption.
- Analysts lifted price targets and highlighted CrowdStrike’s leadership in AI-driven, consolidated security operations, while noting elevated valuation and lingering legal exposure from the 2024 outage.