Q3 26 EPS
$0.96
BEAT +1.99%
Est. $0.94
Q3 26 Revenue
$1.23B
BEAT +1.53%
Est. $1.22B
vs S&P Since Q3 26
-14.4%
TRAILING MARKET
CRWD -9.0% vs S&P +5.4%
Market Reaction
Did CRWD Beat Earnings? Q3 2026 Results
CrowdStrike delivered a strong fiscal third-quarter beat, posting non-GAAP EPS of $0.96 against a consensus estimate of $0.94, a 1.99% beat, while revenue of $1.23 billion edged past the $1.22 billion estimate by 1.53% and grew 22.2% year over year. … Read more CrowdStrike delivered a strong fiscal third-quarter beat, posting non-GAAP EPS of $0.96 against a consensus estimate of $0.94, a 1.99% beat, while revenue of $1.23 billion edged past the $1.22 billion estimate by 1.53% and grew 22.2% year over year. The headline numbers reflected a broader acceleration in platform adoption, with ending ARR reaching $4.92 billion, up 23% year over year, and the Falcon Flex subscription model alone exceeding $1.35 billion in ARR after growing more than 200% year over year, underscoring the company's platform consolidation strategy. Free cash flow reached $295.88 million with a 24% margin, while non-GAAP operating income climbed to $264.59 million from $200.72 million a year ago. With cybersecurity competition intensifying across the sector, CrowdStrike raised its full-year fiscal 2026 revenue outlook to approximately $4.80 billion and guided Q4 revenue of $1.29 billion to $1.30 billion, with non-GAAP EPS of $1.09 to $1.11, projecting continued momentum into year-end.
Key Takeaways
- • Record Q3 net new ARR of $265 million, growth accelerating to 73% year-over-year
- • Ending ARR reached $4.92 billion, up 23% year-over-year with growth acceleration
- • Falcon Flex subscription model exceeded $1.35 billion in ending ARR, growing more than 200% year-over-year
- • Module adoption rates grew to 49% for 6+ modules, 34% for 7+ modules, 24% for 8+ modules
- • Non-GAAP operating margin expanded to 21% from 20% year-over-year
- • AI-driven demand environment driving pipeline to all-time high
CRWD YoY Financials
Q3 2026 vs Q3 2025, source: SEC Filings
CRWD Revenue by Segment
With YoY comparisons, source: SEC Filings
“CrowdStrike is the enabler of secure AI transformation with the right architecture, the right products, and the right execution. Q3 was one of our best quarters in company history: we achieved record Q3 net new ARR of $265 million, accelerating to 73% year-over-year growth, and ending ARR of $4.92 billion, which accelerated to 23% growth year-over-year. Our single platform strategy coupled with the Falcon Flex subscription model unlocks consolidation, positioning CrowdStrike as the operating system of cybersecurity. We delivered an acceleration in ending ARR growth across our endpoint business as well as Cloud Security, Next-Gen Identity, and Next-Gen SIEM collectively. Marquee partnerships with AWS, EY, CoreWeave, and Kroll validate CrowdStrike's market leadership, driving our conviction in continued growth.”
— George Kurtz, Q3 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% |