CrowdStrike Jumps 11% After Q2 Revenue Hits $1.47 Billion and Outlook Rises
Updated
Updated · CNBC · Aug 26
CrowdStrike Jumps 11% After Q2 Revenue Hits $1.47 Billion and Outlook Rises
3 articles · Updated · CNBC · Aug 26
Summary
CrowdStrike surged more than 11% in extended trading after posting fiscal second-quarter results above Wall Street estimates and raising its full-year forecast.
Revenue rose 26% to $1.47 billion, ahead of the $1.44 billion consensus, while adjusted EPS came in at 31 cents versus 29 cents expected.
AI-driven security demand underpinned the quarter: annual recurring revenue climbed 25% to $5.84 billion, including a record $333 million in net new ARR.
Profitability also improved, with net income of $5.3 million reversing a $70.2 million loss a year earlier, as CrowdStrike lifted full-year revenue guidance to $5.99 billion-$6.01 billion.
Third-quarter guidance was roughly in line, but investors focused on the stronger annual outlook and a stock already up more than 61% this year on AI security momentum.