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Jul 31
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
Crowdstrike
Crowdstrike
Crowdstrike Revenue by Segment
Crowdstrike Revenue by Geographic Location
Revenue by Segment
Subscription Revenue
CapyFin.comProfessional Services Revenue
CapyFin.comRevenue by Geographic Location
Total Revenue
CapyFin.com 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
- Strategic plan charges increased operating expenses
Revenue & Expenses
Visualization of income flow from segment revenue to net income