CrowdStrike Holdings, Inc. · CRWD · FY2026 Q4 · Calendar Q1 2026

CrowdStrike Q4: record ARR, EPS beat, FY27 raised to $6.5B+

CrowdStrike frames AI adoption as the core demand driver for its Falcon platform, arguing its real-time telemetry and expert-labelled data create a structural (not cyclical) data moat that differentiates its agentic-era security offerings. Management's stated trajectory is continued double-digit growth through platform consolidation, the Falcon Flex subscription model, and new AI-centric products (AIDR, Charlotte, Next-Gen Identity), with FY27 ARR guidance raised to $6.5B+. The market validated the quarter's execution on the print but the subsequent negative drift signals mixed conviction on the sustainability of that AI-led growth.

Reported After market closeNASDAQTechnology $264.41B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $0.28 Consensus $0.27
EPS surprise +2.8% Reported versus consensus
Reported revenue $1.31B Consensus $1.30B
Revenue surprise +0.6% Reported versus consensus

Market reaction

event-close to next-session close
Stock move +4.1% Event window
SPY move +0.7% Same window
Abnormal move +3.4% Stock minus SPY
Volume 1.6× Versus trailing sessions
Subsequent drift -3.5% Up to 20 sessions
CRWDSPY benchmark

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Why did CRWD rise 4.1% after beating EPS estimates in FY2026 Q4?What changed in CRWD's guidance and outlook in FY2026 Q4?Give me the bull and bear case for CRWD after FY2026 Q4 earnings.

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Transcript intelligence

What changed

CrowdStrike closed fiscal 2026 with a record fourth quarter: net-new ARR of $331M and total ending ARR of $5.25B, up from $4.92B exiting Q3, alongside all-time highs in operating income and free cash flow. EPS of $0.275 beat consensus by ~2.8% and revenue of $1.305B edged a ~0.6% beat. The company raised FY27 ARR guidance to $6.5B+ and added SGNL.ai and Seraphic to broaden identity and browser security. Shares rose about 3.4% versus the benchmark on the report but drifted ~3.5% lower in the sessions that followed, with volume roughly 1.6x baseline.

Guidance delta

raised

Key takeaways

  • Record Q4 FY2026 with net-new ARR of $331M and total ending ARR of $5.25B
  • EPS of $0.275 beat the $0.2675 estimate (+2.8%); revenue of $1.305B edged past $1.297B consensus
  • All-time highs in operating income and free cash flow
  • FY27 ARR guidance raised to $6.5B+ on continued AI-driven demand
  • Acquisitions of SGNL.ai and Seraphic broaden zero-trust identity and browser security

Management priorities

  • Integrate SGNL.ai and Seraphic capabilities into the Falcon platform
  • Expand the Falcon Flex and re-Flex subscription model and add new agents
  • Accelerate go-to-market for AI-focused offerings including AIDR and Charlotte
  • Deepen partnerships with Microsoft Azure, AWS, NVIDIA and major MSSPs
  • Continue to raise ARR guidance and invest in AI-driven security innovation

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Earnings History

Estimate Beat Miss Match
CRWD REVENUE earnings history estimate and actual scatter chart 10 reported fiscal quarters and 2 future estimate-only quarters. Q1 '25 estimate $905M Q1 '25 actual $921M, beat Q2 '25 estimate $960M Q2 '25 actual $964M, beat Q1 '26 estimate $1B Q1 '26 actual $1B, miss Q2 '26 estimate $1B Q2 '26 actual $1B, beat Q3 '26 estimate $1B Q3 '26 actual $1B, beat Q4 '26 estimate $1B Q4 '26 actual $1B, beat Q1 '27 estimate $1B Q1 '27 actual $1B, beat Q2 '27 estimate $1B Q2 '27 actual $1B, beat Q3 '27 estimate $2B Q4 '27 estimate $2B
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Analyst Consensus ?

ConsensusBuy66 ratings
Bullish5075.8%
Neutral1421.2%
Bearish23.0%

Analyst 52W Price Targets

$258.2Current
$30Low
$154.31Average
$425High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 25, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Morgan Stanley Overweight OverweightMaintainSep 21, 2026
Stephens & Co. Overweight OverweightMaintainSep 18, 2026
B of A Securities Neutral NeutralMaintainSep 18, 2026
Bernstein Market Perform Market PerformMaintainSep 17, 2026
Scotiabank Sector Outperform Sector OutperformMaintainSep 4, 2026
Show 61 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $258.2. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Morgan StanleyAnalyst unavailable$254$237.65 -1.6%Sep 21, 2026
StephensTodd Weller$280$237.28 +8.4%Sep 18, 2026
BernsteinAnalyst unavailable$132$241.36 -48.9%Sep 17, 2026
Roth CapitalTaz Koujalgi$220$214.97 -14.8%Sep 3, 2026
Robert W. BairdAnalyst unavailable$235$203.42 -9.0%Sep 3, 2026
See 322 more

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Company context

Snapshot as of publication

CrowdStrike Holdings, Inc. delivers cloud-native cybersecurity solutions. Its comprehensive suite safeguards endpoints, cloud workloads, user identities, and critical data. The company's offerings span a wide range, including threat intelligence, managed security services, IT operations management, proactive threat hunting, Zero Trust identity protection, and log management capabilities. CrowdStrike primarily generates revenue through subscription sales of its flagship Falcon platform and its array of cloud modules. These offerings are distributed globally via a direct sales force, augmented by an extensive network of channel partners. Established in 2011, the company is headquartered in Austin, Texas.

Historical context

All CRWD earnings
+20.5%FY2027 Q2 · Calendar Q3 2026-3.8%FY2027 Q1 · Calendar Q2 2026

Technology peers this season

Latest reports in the same sector
CompanyQuarterEPS surpriseMarket moveHeadline
SNX TD Synnex Corp FY2026 Q3 · Calendar Q3 2026 +20.9% -9.9% TD SYNNEX: AI-led growth accelerates, but mix and cash flow matter
ADBE Adobe Inc. FY2026 Q3 · Calendar Q3 2026 +0.8% +1.4% Adobe raises FY26 outlook as AI strategy broadens
ORCL Oracle Corporation FY2027 Q1 · Calendar Q3 2026 +10.3% -1.7% Oracle raises FY27 outlook as AI demand accelerates cloud growth
SAIL SailPoint, Inc. FY2027 Q2 · Calendar Q3 2026 +13.8% -1.2% SailPoint pairs 25% ARR growth with accelerating AI-driven adoption
CIEN Ciena Corporation FY2026 Q3 · Calendar Q3 2026 +22.0% -10.4% Ciena raises outlook as AI networking demand lifts backlog
DOCU DocuSign, Inc. FY2027 Q2 · Calendar Q3 2026 +6.4% +3.7% DocuSign Q2 FY27: IAM momentum supports a raised outlook

Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars · 2026-09-25T11:00:59.044373+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-25T11:00:59.041631+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-09-25. For educational purposes only; not investment advice.