CrowdStrike Holdings (NASDAQ: CRWD) shares dropped more than 8% in after-hours trading on Tuesday after the cybersecurity giant reported fiscal first-quarter 2027 results that topped Wall Street estimates but failed to satisfy investors.
For the quarter ended April 30, 2026, CrowdStrike posted non-GAAP earnings per share of $1.10, beating the Yahoo Finance consensus estimate of $1.07 by $0.03. Revenue came in at $1.39 billion, topping the $1.36 billion consensus by approximately $30 million and representing 26% year-over-year growth.
Revenue growth reportedly disappointed investors.
The company’s key subscription metrics were standout performers. Annual Recurring Revenue (ARR) reached $5.51 billion, up 24% year-over-year, while net new ARR of $256 million marked a record and surged 32% from the year-ago period. CrowdStrike also reported record operating cash flow of $591 million and record free cash flow of $469 million.
For Q2 FY2027, CrowdStrike guided revenue of $1.436 billion to $1.442 billion, with non-GAAP EPS of $1.16–$1.17, roughly in line with the Yahoo Finance consensus Q2 EPS estimate of $1.16. For the full fiscal year, the company raised its net new ARR growth outlook to approximately 27.7% at the midpoint, a 520-basis-point increase, and guided full-year non-GAAP EPS of $4.88–$4.96, slightly above the $4.85 consensus.
In a separate announcement, CrowdStrike declared a 4-for-1 stock split, with a record date of June 25, 2026, and split-adjusted trading beginning July 2, 2026.
Shares closed the regular session at $747.61, down 2.78%, before extending losses after hours following the earnings release.
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