NASDAQ$CRWD
Crowdstrike Holdings · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Crowdstrike's Q2 2023 earnings showcased strong growth with key milestones achieved.
CrowdStrike delivered a strong second quarter, surpassing the $2 billion milestone in ending ARR, achieving a record net new ARR of $218 million, and adding a record 1,741 net new subscription customers.
- Ending ARR grew 59% year-over-year to reach $2.14 billion.
- Net new ARR reached a record $218 million with accelerating year-over-year growth.
- Record 1,741 net new subscription customers were added.
- Cash flow from operations grew 94% year-over-year, and free cash flow grew 84% year-over-year.
Headline financials
Revenue & EPS history
Crowdstrike · Revenue · Quarterly
$535M
Revenue by segment
Crowdstrike · $535M total across 2 segments · Q2 2023
- Subscription$506M+60.3%94.6%
- Professional services$29M+32.5%5.4%
Forward guidance
CrowdStrike is providing the following guidance for the third quarter of fiscal 2023 (ending October 31, 2022) and increasing its guidance for fiscal year 2023 (ending January 31, 2023):
Tailwinds
- Total revenue for Q3 FY23 is expected to be between $569.1 million and $575.9 million.
- Total revenue for FY23 is expected to be between $2,223.0 million and $2,232.0 million.
- Non-GAAP income from operations for Q3 FY23 is expected to be between $72.7 million and $77.7 million.
- Non-GAAP income from operations for FY23 is expected to be between $321.8 million and $328.5 million.
- Non-GAAP net income for Q3 FY23 is expected to be between $73.0 million and $78.0 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2023
+2.6%
Avg return
Earnings day
+1.9%
Avg return
5 days after
+6.7%
Avg return
30 days after
64%
18 / 28 earnings
Positive
+26.9%
Q4 2020
Best reaction
-15.6%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | +6.1% | -4.9% | — | |
| Q4 2026 | +0.8% | +10.9% | +2.0% | |
| Q3 2026 | +0.6% | -0.3% | -12.2% | |
| Q2 2026 | +12.9% | -2.2% | +13.9% | |
| Q1 2026 | +2.0% | +3.0% | -7.2% | |
| Q4 2025 | -6.3% | -20.8% | -17.6% | |
| Q3 2025 | -4.4% | -4.9% | +0.4% | |
| Q2 2025 | +0.7% | +2.8% | +5.9% | |
| Q1 2025 | +10.8% | +13.1% | +25.4% | |
| Q4 2024 | +5.0% | +2.9% | -1.5% | |
| Q3 2024 | +11.6% | +11.9% | +21.9% | |
| Q2 2024 | +11.1% | +9.9% | +14.1% | |
| Q1 2024 | -0.7% | -2.8% | -7.4% | |
| Q4 2023 | +1.0% | -6.2% | +0.2% | |
| Q3 2023 | -15.6% | -11.1% | -25.0% | |
| Q2 2023 | -4.9% | -10.2% | -13.7% | |
| Q1 2023 | +0.4% | +9.4% | +11.0% | |
| Q4 2022 | +21.8% | +16.8% | +39.2% | |
| Q2 2022 | -5.7% | -2.8% | -14.2% | |
| Q1 2022 | -6.2% | -2.5% | +14.5% | |
| Q4 2021 | +3.7% | -3.0% | +6.3% | |
| Q3 2021 | +9.3% | +15.7% | +43.6% | |
| Q2 2021 | -10.0% | -12.9% | -2.7% | |
| Q1 2021 | +3.4% | -1.0% | +13.1% | |
| Q4 2020 | +26.9% | +48.4% | +67.6% | |
| Q3 2020 | -7.4% | -13.5% | -7.7% | |
| Q2 2020 | -10.9% | -16.0% | -25.2% | |
| Q1 2020 | +17.6% | +22.2% | +35.3% | |
| Q4 2019 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — |
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