CrowdStrike Holdings Inc

F:45C

Record quarter: CrowdStrike reported its strongest quarter ever, with net new ARR of $333 million, revenue of $1.47 billion, and free cash flow of $377 million.

Demand acceleration: Management said AI adoption is expanding the attack surface and creating sustained demand for endpoint, cloud, identity, next-generation SIEM, exposure management, and AI security products.

Guidance raised: Full-year fiscal 2027 net new ARR guidance increased to $1.350 billion-$1.359 billion, implying 34% year-over-year growth versus 22.5% in the initial outlook.

Falcon Flex: Flex ending ARR surpassed $2.29 billion, up 101% year-over-year, while more than 935 accounts adopted Flex during the quarter.

AI security traction: AIDR ending ARR nearly tripled from Q1. Management described AIDR as a separate, incremental module with token-based pricing and potential to become larger than EDR.

Profitability: Operating margin reached 25%, up 350 basis points year-over-year, while free cash flow margin was 26%.

Pipeline: The company exited the quarter with a record Q3 pipeline, supporting management’s confidence that AI-driven demand and platform consolidation will continue.