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CrowdStrike

CRWD Q4 2026 Earnings

Reported Mar 3, 2026 at 4:06 PM ET · SEC Source

Q4 26 EPS

$1.12

BEAT +1.82%

Est. $1.10

Q4 26 Revenue

$1.31B

BEAT +0.61%

Est. $1.30B

vs S&P Since Q4 26

+11.4%

BEATING MARKET

CRWD +16.6% vs S&P +5.2%

Full Year 2026 Results

FY 26 EPS

$3.73

BEAT +0.35%

Est. $3.72

FY 26 Revenue

$4.81B

BEAT +0.17%

Est. $4.80B

Market Reaction

Did CRWD Beat Earnings? Q4 2026 Results

CrowdStrike closed out fiscal year 2026 on a strong note, delivering a beat on both the top and bottom lines as Q4 revenue climbed 23.3% year-over-year to $1.31 billion, edging past the $1.30 billion consensus, while non-GAAP diluted EPS of $1.12 top… Read more CrowdStrike closed out fiscal year 2026 on a strong note, delivering a beat on both the top and bottom lines as Q4 revenue climbed 23.3% year-over-year to $1.31 billion, edging past the $1.30 billion consensus, while non-GAAP diluted EPS of $1.12 topped the $1.10 estimate by 1.82%. The quarter's standout driver was a sharp acceleration in annual recurring revenue, with ending ARR reaching $5.25 billion, up 24% year-over-year, fueled by record net new ARR of $330.70 million in Q4, a 47% increase from the prior year. The Falcon Flex program proved a meaningful growth lever, with ARR from Flex accounts rising more than 120% year-over-year to $1.69 billion. On profitability, non-GAAP operating income reached $325.81 million at a 25% margin, while free cash flow hit $376.36 million for the quarter. Looking ahead, CrowdStrike guided full-year FY27 revenue of $5.87 billion to $5.93 billion and non-GAAP EPS of $4.78 to $4.90, with management pointing to a record Q1 pipeline as evidence of sustained momentum heading into the new fiscal year.

Key Takeaways

  • • ARR grew 24% YoY to $5.25 billion with record net new ARR of $330.7 million in Q4
  • • Net new ARR grew 47% year-over-year
  • • Falcon Flex ending ARR reached $1.69 billion, up over 120% YoY
  • • Non-GAAP subscription gross margin expanded to 81% from 80% YoY
  • • Non-GAAP operating margin expanded to 25% from 21% YoY
  • • Free cash flow margin reached 29% in Q4 vs 23% in year-ago quarter
  • • Module adoption rates: 50% for 6+ modules, 34% for 7+, 24% for 8+

CRWD Forward Guidance & Outlook

For Q1 FY27 (ending April 30, 2026), CrowdStrike guided: ARR of $5,501.8–$5,503.8 million; total revenue of $1,360.0–$1,364.0 million; non-GAAP income from operations of $308.0–$310.4 million; non-GAAP EPS of $1.06–$1.07. For full-year FY27 (ending January 31, 2027): ARR of $6,465.8–$6,516.4 million; total revenue of $5,867.6–$5,927.6 million; non-GAAP income from operations of $1,422.2–$1,462.2 million; non-GAAP EPS of $4.78–$4.90. The company raised its FY27 ARR outlook and expressed strong conviction driven by a record Q1 pipeline entering FY27, with a long-term goal of $20 billion ending ARR by FY36.

24/7 Wall St

CRWD YoY Financials

Q4 2026 vs Q4 2025, source: SEC Filings

24/7 Wall St

CRWD Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q4 26

“FY26 will go down in our history books as CrowdStrike's best year yet. We achieved $5.25 billion in ending ARR - the fastest and only pure-play cybersecurity software company to achieve this milestone - driven by a record $1.01 billion of net new ARR, our first year exceeding $1 billion of net new ARR. We also delivered record operating and free cash flow for both the quarter and year. Our record results showcase the durability of our growth and cash flow generation. As enterprises rapidly adopt AI, CrowdStrike is mission-critical infrastructure - securing AI across every layer from GPU to agent to prompt. The AI revolution is creating a massive growth opportunity for CrowdStrike, one that our technology, team, and ecosystem are well positioned to continue winning.”

— George Kurtz, Q4 2026 Earnings Press Release

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