CrowdStrike posts record Q2 2027, raises FY27 net new ARR outlook

CrowdStrike Holdings (NASDAQ: CRWD ) held its second-quarter earnings conference call on Wednesday.

Below is the complete transcript from the call.

This transcript is brought to you APIs.

For real-time access to our entire catalog, please visit for a consultation.

Access the full call at Summary CrowdStrike Holdings, Inc. reported a record Q2 with net new ARR of $333 million, up 51% year-over-year, and total revenue of $1.47 billion, marking a 26% increase year-over-year.

The company raised its FY27 net new ARR growth guidance to 34% at the midpoint, reflecting strong demand for its Falcon platform driven by AI adoption.

Record Falcon Flex performance with ARR surpassing $2.29 billion, growing 101% year-over-year, indicates strong customer adoption of flexible subscription models.

CrowdStrike's next-gen SIEM, identity, and cloud businesses all showed robust growth, contributing significantly to the company's performance.

Management highlighted the increasing importance of AI security, noting strong customer demand for AIDR and the necessity of protecting AI-based assets.

The company's gross margin increased to 79%, with a notable rise in non-GAAP operating income to $372 million, demonstrating strong operational efficiency.

CrowdStrike's partner ecosystem, including the QuiltWorks initiative, showed significant traction, contributing to pipeline growth and customer acquisition.

The company emphasized its strategic positioning as a leader in cybersecurity for AI environments, with a focus on expanding its product offerings and customer base.

Full Transcript OPERATOR Hello and welcome to CrowdStrike's fiscal second 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 Burt Podbere, 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 third 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 8-K filed with the SEC today.

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

George Kurtz, President and CEO Thank you, Andy, and thank you for joining CrowdStrike's Q2 FY27 earnings call.

When we last spoke, we were just weeks after what we called the Mythos moment, an inflection point in cybersecurity.

The world came to understand that cybersecurity is a necessity for AI adoption.

New models created a new risk environment with no turning back.

Recently, this realization became even clearer with the market's newest adversary, AI agents themselves.

We told you this was the future, and this future is now a reality.

Our previous guidance foreshadowed this conviction, and CrowdStrike's Q2 was our very best quarter in company history.

Inflection has become acceleration.