CrowdStrike reported record second-quarter fiscal year 2027 results that exceeded analyst expectations. The company generated $1.47 billion in revenue, surpassing the estimated $1.44 billion. Adjusted earnings per share reached $0.31, beating the $0.29 forecast.
Annual Recurring Revenue (ARR) increased 25% year-over-year to $5.84 billion. Net new ARR hit a record $333 million, representing a 51% year-over-year jump.
Management raised full-year guidance for net new ARR growth to 34% at the midpoint. The company attributed the performance to strong demand for AI-driven security and the success of its Falcon Flex platform. CrowdStrike's stock price increased in after-hours trading following the announcement.