Q1 26 EPS
$0.73
BEAT +10.62%
Est. $0.66
Q1 26 Revenue
$1.10B
MISS 0.17%
Est. $1.11B
vs S&P Since Q1 26
-21.2%
TRAILING MARKET
CRWD -0.3% vs S&P +20.9%
Market Reaction
Did CRWD Beat Earnings? Q1 2026 Results
CrowdStrike delivered a mixed but broadly resilient fiscal first quarter, posting non-GAAP diluted EPS of $0.73 that beat the $0.66 consensus estimate by 10.62%, even as revenue of $1.10 billion came in fractionally light of the $1.11 billion Wall St… Read more CrowdStrike delivered a mixed but broadly resilient fiscal first quarter, posting non-GAAP diluted EPS of $0.73 that beat the $0.66 consensus estimate by 10.62%, even as revenue of $1.10 billion came in fractionally light of the $1.11 billion Wall Street expected, growing 19.8% year over year. The earnings strength was anchored by Falcon Flex momentum, with accounts exceeding $3.20 billion in total deal value growing more than 6x year over year, reflecting deepening vendor consolidation trends as enterprises centralize cybersecurity spending. Ending ARR crossed $4.44 billion, up 22% year over year, with $193.80 million in net new ARR added during the quarter. On a GAAP basis, the company reported a net loss of $110.21 million, weighed down by $271.57 million in stock-based compensation and $39.73 million in costs tied to the July 2024 outage. Looking ahead, CrowdStrike guided Q2 non-GAAP EPS of $0.82 to $0.84 on revenue of $1.14 billion to $1.15 billion, with management expressing conviction in net new ARR re-acceleration and margin expansion in the second half of fiscal 2026.
Key Takeaways
- • Ending ARR surpassed $4.4 billion, growing 22% year-over-year with $193.8 million net new ARR
- • Falcon Flex deal momentum with accounts exceeding $3.2 billion in total deal value, growing more than 6x year-over-year
- • 97% gross retention rate with consistently strong net retention
- • Record Q1 large deal and MSSP momentum
- • Module adoption rates of 48% for 6+ modules, 32% for 7+ modules, 22% for 8+ modules
- • Record cash flow from operations of $384.1 million
CRWD YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
CRWD Revenue by Segment
With YoY comparisons, source: SEC Filings
“We started the fiscal year with record Q1 large deal and MSSP momentum alongside sustained 97% gross retention and consistently strong net retention as the market consolidates on Falcon as its cybersecurity platform of choice for the agentic AI era.”
— George Kurtz, Q1 2026 Earnings Press Release
CRWD Earnings Trends
CRWD vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CRWD EPS Trend
Earnings per share: estimate vs actual
CRWD Revenue Trend
Quarterly revenue: estimate vs actual
CRWD Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $1.10 | $1.12 | +1.82% | $1.31B | +0.61% |
| FY Full Year | $3.72 | $3.73 | +0.35% | $4.81B | +0.17% |
| Q3 26 BEAT | $0.94 | $0.96 | +1.99% | $1.23B | +1.53% |
| Q2 26 BEAT | $0.83 | $0.93 | +12.05% | $1.17B | +1.63% |
| Q1 26 BEAT | $0.66 | $0.73 | +10.62% | $1.10B | -0.17% |
| Q4 25 BEAT FY | $0.86 | $1.03 | +19.77% | $1.06B | +2.26% |
| FY Full Year | $3.76 | $3.93 | +4.45% | $3.95B | +0.59% |
| Q3 25 BEAT | $0.81 | $0.93 | +14.97% | $1.01B | +2.76% |
| Q2 25 BEAT | $0.97 | $1.04 | +7.22% | $963.9M | +0.55% |
| Q1 25 BEAT | $0.89 | $0.93 | +4.49% | $921.0M | +1.81% |