NASDAQ$CRWD

Crowdstrike Holdings · Q2 2026 earnings

Q2 2026 earnings · · After market close · Investor relations

Briefing

CrowdStrike reported Q2 fiscal 2026 revenue of $1.17B with a GAAP net loss and annual recurring revenue of $4.66B.

Total revenue was $1.17 billion for the quarter ended July 31, 2025, up 21% year over year, while GAAP net income attributable to CrowdStrike was a loss of $77.7 million amid stock-based compensation and integration costs. Subscription revenue grew 20% and professional services revenue rose 45%. Annual recurring revenue reached $4.66 billion.

  • Q2 revenue $1.17B (+21% YoY); ARR $4.66B.
  • GAAP net loss reflects SBC and cost actions; subscription mix 94%.
  • Falcon platform adoption and module expansion drive ARR.
  • July 2024 incident remediation costs still affect comparisons.
  • Platform consolidation and AI security modules support upsell.

Headline financials

Total Revenue

$1.17B

Previous: $964M+21.3%
EPS (adj)

-$0.31

Previous: $1.04-129.8%
Net New ARR

$221M

No prior period
Non-GAAP Operating Income

$255M

No prior period
Annual Recurring Revenue

$4.66B

No prior period
Capital Expenditures

-$116M

Previous: -$88.9M-30.7%
Free Cash Flow

-$194M

Previous: $621M-131.2%
Net Income

-$77.7M

Previous: $47M-265.2%
Operating Income

-$113M

Previous: $13.7M-927.2%
Gross Profit

$859M

Previous: $726M+18.2%
Cash & Equivalents

$4.97B

Previous: $4.04B+23.1%
Total Assets

$9.29B

Previous: $7.2B+29.0%

Revenue & EPS history

Crowdstrike · Revenue · Quarterly

$1.17B

Q2 2026+21.3%vs Q2 2025
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Crowdstrike · $1.1B total across 2 segments · Q1 2026

  • Subscription
    $1.05B
  • Professional services
    $52.7M

Forward guidance

The filing discusses CrowdStrike's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.

Tailwinds

  • Platform adoption, ARR, and enterprise deal pipelines support growth.
  • CrowdStrike cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • GAAP profitability remained under pressure in Q2 2026.
  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.
  • Stock-based compensation and competitive pricing affect GAAP earnings.

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 2026

Historical avgQ2 2026

+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

Earnings price reactions
QuarterReport dateReaction (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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