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Jul 31, 2025
Crowdstrike Q2 2026 Earnings Report
CrowdStrike reported strong Q2 results with record net new ARR and free cash flow, despite a GAAP net loss.
Key Takeaways
CrowdStrike exceeded expectations in Q2 FY26 with record net new ARR of $221 million and free cash flow of $283.6 million. Total revenue reached $1.17 billion, driven by growth in both subscription and services. The company posted a GAAP net loss of $77.7 million, but achieved record non-GAAP net income and continued operating momentum.
Achieved record net new ARR of $221 million in the quarter
Total revenue grew to $1.17 billion, a 21% increase YoY
Reported GAAP net loss of $77.7 million, but record non-GAAP net income of $237.4 million
Generated record Q2 free cash flow of $283.6 million
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
CrowdStrike guided Q3 FY26 revenue between $1.208B and $1.218B and raised its full-year non-GAAP net income outlook.
Positive Outlook
- Q3 FY26 revenue guidance of $1.208B–$1.218B indicates continued growth
- Non-GAAP operating income guidance of $256M–$262M for Q3 FY26
- Full-year FY26 revenue guidance raised to $4.7495B–$4.8055B
- Full-year FY26 non-GAAP net income guidance increased to $922.4M–$954.0M
- Non-GAAP EPS guidance for Q3 FY26 between $0.93–$0.95
Challenges Ahead
- GAAP net loss continued in Q2 FY26
- GAAP loss from operations increased year-over-year
- Subscription gross margin slightly declined YoY
- Costs related to July 19 Incident impacted results
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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