CrowdStrike Holdings, Inc. Q2 FY2027 Earnings Results vs. Expectations
ReportsAug 26, 2026
SlotAfter Market Close
Beats vs our estimate1 of 2
Results are out
This quarter has reported. The consensus below is what we expected going in.
What the Street expects
EPS · NON-GAAP
$0.29
Guided $0.2900–$0.2925
QoQ+5.5%
YoY+26.1%
Revenue
$1.44B
Guided $1.436B–$1.442B
QoQ+3.9%
YoY+23.2%
QoQ and YoY are what the consensus implies against the prior quarter and the prior year.
Also on the card
Company guidance
$1,436–$1,442M revenue, $1.16–$1.17 non-GAAP EPS (pre-split)
Share split
4-for-1 from July 2, 2026 — the $0.29 consensus is post-split
Quarter ended
July 31, 2026
Track record basis
Graded quarters use one estimate provider's matched pairs; older actuals are the reported figures this site stores
What to watch
- Net new ARR against $285 million. The guide implies $284.0–286.0 million. The year-ago quarter was $221.1 million. Last quarter came in 2.3% above the same implied bar, which on this one would be about $292 million.
- The fiscal 2027 ending ARR range, currently $6,531.7–6,555.5 million. Raise it and the second half has to deliver more than the $750 million the current guide implies; leave it and the 27.7% full-year growth raised in June stands unchanged.
- Non-GAAP EPS against $0.29 post-split, and whether the company restates the year-ago $0.93 to $0.23. Both figures will be quoted somewhere; only one basis is comparable. A print of $0.30 is a one-cent beat and a 1% beat at the same time.
- Free cash flow against a 28.0% trailing margin. The April quarter ran 33.8%, an all-time high. The long-term target model management has stated is 34–38%, and a quarter inside that range would be the first evidence the target is a floor rather than an ambition.
- Whether anyone asks about the CTO. No successor has been named. The question that matters is not the departure but the roadmap: who owns the Falcon platform's technical direction from here.
Estimate against reported
Our published estimate
Reported EPS
Average surprise −10% over 2 graded quarters
| Quarter | Estimate | Reported | Surprise |
|---|---|---|---|
| FY2025 Q3 | — | −$0.02 | — |
| FY2025 Q4 | — | −$0.09 | — |
| FY2026 Q1 | — | −$0.10 | — |
| FY2026 Q2 | — | −$0.08 | — |
| FY2026 Q3 | — | −$0.04 | — |
| FY2026 Q4 | $0.05 | $0.04 | −20% |
| FY2027 Q1 | $0.03 | $0.03 | 0% |
| FY2027 Q2 | $0.29 | $0.31 | +7% |
Estimates are the consensus we published on our own preview for that quarter; quarters we did not preview carry the reported figure only. Where a consensus was set on a non-GAAP basis, the reported column shows that same measure.
Every quarter
Read the full preview → Q2 FY2027 release page View CRWD stock page