Full Transcript: CrowdStrike Holdings Q1 2027 Earnings Call

CrowdStrike Holdings (NASDAQ: CRWD ) reported first-quarter financial results on Wednesday.

The transcript from the company's first-quarter earnings call has been provided below.

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Access the full call at Summary CrowdStrike Holdings Inc reported strong Q1 FY27 results with a net new ARR of $256 million, surpassing guidance, and total revenue of $1.39 billion, a 26% year-over-year increase.

The company highlighted its strategic focus on AI and cybersecurity, securing partnerships with Anthropic and OpenAI, and emphasized the importance of AI-driven demand for cybersecurity services.

CrowdStrike announced a 4-for-1 stock split to make its shares more accessible and increased its full-year net new ARR guidance by more than $50 million, reflecting confidence in AI-related growth.

Operational highlights included record free cash flow of $468 million and a record operating income of $326 million, underscoring strong financial performance.

Management emphasized the critical role of cybersecurity in AI adoption and announced new initiatives like Project Quiltworks to address emerging AI-related vulnerabilities.

Full Transcript OPERATOR Hello and welcome to CrowdStrike's Fiscal First Quarter 2027 Financial Results Conference call.

At this time, all participants are in a listen-only mode.

After the speaker's presentation, we will conduct a question and answer session.

Please be advised that today's conference is being recorded.

I would now like to hand the call over to Andy Nowinski, Vice President of Investor Relations and Strategic Finance.

Andy, please go ahead.

Andy Nowinski, Vice President of Investor Relations and Strategic Finance Good afternoon and thank you for your participation today.

With me on the call are George Kurtz, Chief Executive Officer and founder of CrowdStrike, and Bert Podbear, Chief Financial Officer.

Before we get started, I would like to note that certain statements made during this conference call that are not historical facts, including those regarding our future plans, objectives, growth, including projections and expected performance, including our outlook for the second quarter and fiscal year 2027 and any assumptions for fiscal periods beyond that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

These forward-looking statements represent our outlook only as of the date of this call.

While we believe any forward-looking statements we make are reasonable, actual results could differ materially because the statements are based on current expectations and are subject to risks and uncertainties.

We do not undertake and expressly disclaim any obligation to update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

Further information on these and other factors that could affect the Company's financial results is included in the filings we make with the SEC from time to time, including the section titled Risk Factors in the Company's annual and quarterly reports.

Additionally, unless otherwise stated excluding revenue, all financial measures disclosed on this call will be non-GAAP.

A discussion of why we use non-GAAP financial measures and a reconciliation schedule showing GAAP vs non-GAAP results is currently available in our earnings release which may be found on our Investor Relations website at ir.crowdstrike.com or on our Form 8K filed with the SEC today.

With that, I will now turn the call over to George.

George Kurtz, CEO and Founder On a diluted basis, we expect non-GAAP net income per share attributable to CrowdStrike to be in the range of $4.88 to $4.96.

Adjusted for the stock split, we expect diluted non-GAAP net income per share attributable to CrowdStrike to be approximately $1.22 to $1.24, utilizing a weighted average share count of approximately 1.036 billion shares on a diluted basis.

George and I will now take your questions.

OPERATOR Thank you.

If you would like to ask a question, please click on the Raise hand button which can be found at the bar on the bottom of the Zoom window.

George Kurtz, CEO and Founder Thank you, Andy, and thank you for joining CrowdStrike's Q1 FY27 earnings call.

We started our fiscal year in an environment where cybersecurity has dramatically risen in organizational visibility and funding priority.

CrowdStrike is now being understood as critical AI infrastructure.

Frontier AI Labs started a new chapter in the AI revolution.

New model releases starting in April connected AI innovation with cybersecurity necessity.

CrowdStrike was the only cybersecurity company selected by both Anthropic and OpenAI from the very start to secure these new models, their adoption, and the new risks they create today.