CrowdStrike Holdings, Inc. Q2 2027 Earnings Recap

CrowdStrike's Q2 results decisively outpaced expectations, driving a 23% stock jump as the company reported record net new ARR and accelerated revenue growth, underpinned by strong demand for its AI-tailored FalconFlex subscription model.

Key Takeaways

• Net new ARR hit an all-time high of $333 million, accelerating 51% year over year and beating the high end of guidance by over $45 million.
• Total ARR reached $5.84 billion, growing more than 25% year over year, with growth accelerating for the fourth consecutive quarter.
• Revenue rose 26% year over year to $1.47 billion, marking the fifth consecutive quarter of accelerating growth.
• Free cash flow increased 33% year over year to $377 million, representing 26% of revenue.
• FalconfFlex subscription ARR grew 101% year over year to $2.29 billion, with record new flex accounts and robust re-flex customer activity driving substantial ARR uplifts.