Q2 26 EPS
$0.93
BEAT +12.05%
Est. $0.83
Q2 26 Revenue
$1.17B
BEAT +1.63%
Est. $1.15B
vs S&P Since Q2 26
+1.5%
BEATING MARKET
CRWD +12.5% vs S&P +11.1%
Market Reaction
Did CRWD Beat Earnings? Q2 2026 Results
CrowdStrike delivered a solid beat on both the top and bottom lines in its second quarter of fiscal 2026, though shares fell sharply after results as investors focused on a Q3 revenue outlook that landed below some expectations. The cybersecurity fir… Read more CrowdStrike delivered a solid beat on both the top and bottom lines in its second quarter of fiscal 2026, though shares fell sharply after results as investors focused on a Q3 revenue outlook that landed below some expectations. The cybersecurity firm posted non-GAAP EPS of $0.93, ahead of the $0.83 consensus estimate by 12.05%, while revenue grew 21.3% year over year to $1.17 billion, edging past the $1.15 billion consensus by 1.63%. The headline driver was a reacceleration in net new Annual Recurring Revenue, which reached $221.10 million for the quarter, arriving ahead of management's own timeline as deepening module adoption, with 48% of customers on six or more modules, continued to fuel expansion within the existing base. Total ARR climbed 20% year over year to $4.66 billion. Looking ahead, CrowdStrike guided Q3 revenue to $1.21 billion to $1.22 billion and raised its full-year FY26 revenue outlook to $4.75 billion to $4.81 billion, with non-GAAP EPS expected in the range of $3.60 to $3.72.
Key Takeaways
- • Net new ARR reacceleration a quarter ahead of expectations, reaching $221 million record Q2
- • 21% year-over-year total revenue growth
- • Module adoption deepening: 48% of customers on 6+ modules, 33% on 7+, 23% on 8+
- • Over 1,000 Flex customers and more than 100 re-flexes highlighting cybersecurity consolidation
CRWD YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
CRWD Revenue by Segment
With YoY comparisons, source: SEC Filings
“With reacceleration a quarter ahead of our expectations, CrowdStrike delivered an exceptional Q2. Record Q2 net new ARR of $221 million, over 1,000 Flex customers, and more than 100 re-flexes highlight CrowdStrike as the leader in cybersecurity consolidation.”
— George Kurtz, Q2 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% |