CrowdStrike Holdings, Inc. (CRWD) Earnings Call Transcripts
CrowdStrike Holdings, Inc.'s Latest Earnings Call - Q1 FY2027
In the first quarter of fiscal year 2027, CrowdStrike Holdings, Inc. (CRWD:US) reported total revenue of $1.39 billion, reflecting a 26% year-over-year increase, and exceeded guidance for the fourth consecutive quarter. The company achieved record net new annual recurring revenue (ARR) of $256 million, up 32% year-over-year, and raised its full-year net new ARR growth outlook by more than 500 basis points, now expecting growth of 27.7% at the midpoint. This strong performance and positive outlook are driven by heightened demand for cybersecurity solutions amid the accelerating adoption of AI technologies, positioning CrowdStrike as a critical player in the evolving market landscape.
Reported metrics
| Metric | Value |
|---|---|
| Total Revenue | $1.39 billion (beat) |
| Net New ARR | $256 million (beat) |
| Ending ARR | $5.51 billion (beat) |
| Free Cash Flow | $468 million (beat) |
| Operating Income | $326 million (beat) |
| Non-GAAP Net Income | $283.4 million (beat) |
Guidance from management
For Q2 FY '27, CrowdStrike expects net new ARR between $284 million to $286 million, reflecting a year-over-year growth rate of 28% to 29%. For the full fiscal year, the company anticipates total revenue between $5.915 billion to $5.959 billion, with net new ARR growth of 27.7% at the midpoint.
What management said
Sure. Thanks, Meta. The first key driver of demand for us in terms of the tailwinds of the AI tailwinds that George talked about in his prepared remarks. But then you look into other things that really give us confidence in terms of raising the guide. One is basically the strong module adoption rates that we have, the strong gross and net retention rates that we have and of course, our strong Q2 -- record Q2 pipeline...
Well, I'll start, and I'll turn it over to Burt. But as I mentioned earlier, you kind of look at March and RSA as a real inflection point. And I think you have to look at sort of the adoption of things like Claude Code just exploded. I mean I think everyone knows the numbers there, right? So we've seen this massive adoption very quickly of AI agents, and that really kind of took place I think, in earnest towards the ...
What analysts pressed on
Analysts raised questions about the sustainability of the current demand surge and whether the heightened focus on AI security will lead to long-term customer commitments. There are concerns about potential over-reliance on AI-driven growth and how the company plans to manage competition in the rapidly evolving cybersecurity landscape.
Main topics on the call
- Record Net New ARR — CrowdStrike achieved a record Q1 net new ARR of $256 million, which is up 32% year-over-year and exceeds the high end of management's guidance. This growth reflects strong demand for their cybersecurity solutions as orga...
- Increased Full-Year Guidance — Management raised the full-year net new ARR guidance by more than $50 million, now expecting growth to accelerate over FY '26. This reflects confidence in the ongoing demand driven by the AI adoption wave and the 'Mythos...
- Strong Revenue Growth — Total revenue for Q1 was reported at $1.39 billion, up 26% year-over-year, beating previous guidance. This marks the fourth consecutive quarter of accelerating revenue growth, indicating robust demand for CrowdStrike's o...
- Record Free Cash Flow — CrowdStrike reported all-time record free cash flow of $468 million, representing 34% of revenue. This performance underscores the company's operational efficiency and strong cash generation capabilities.
Read the full CrowdStrike Holdings, Inc. transcript (Q1 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.
About CrowdStrike Holdings, Inc.
CrowdStrike Holdings, Inc. (CRWD) is a publicly listed company in the Software industry, within the Information Technology sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 70 calls on record spanning March 19, 2020 to June 3, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 70 CrowdStrike Holdings, Inc. earnings call transcripts on record, spanning March 19, 2020 to June 3, 2026. Based on this history, CrowdStrike Holdings, Inc. reports quarterly. The most recent call on file is dated June 3, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- CRWD
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Information Technology
- Industry
- Software
- Calls on record
- 70
- First call
- March 19, 2020
- Most recent
- June 3, 2026
- Reporting cadence
- quarterly