CrowdStrike (CRWD) Q1 2027 earnings

https://www.cnbc.com/2026/06/03/crowdstrike-crwd-q1-2027-earnings.html

Publish Date: 2026-06-03 16:47:00

CrowdStrike narrowly beat Wall Street’s fiscal first-quarter estimates after the bell on Wednesday, but shares dropped 9% following the report.

Here’s how the company did versus LSEG estimates:

Earnings per share: $1.10 adjusted vs. $1.07 expected
Revenue: $1.39 billion vs. $1.36 billion estimate

The cybersecurity company said revenue grew 26% from a year ago. Net income totaled about $27.8 million, or 11 cents per share. That’s up from a net loss of $104.3 million, a loss of 42 cents per share, last year.

CrowdStrike also announced a four-for-one stock split. Shares closed at $747.61 on Wednesday.

CEO George Kurtz said the company is benefiting from an “AI inflection point” driven by customers implementing more artificial intelligence tools and platforms.

“In Q1, the worlds of cybersecurity and frontier AI collided: this was the Mythos moment,” he said in a press release. “CrowdStrike is AI security infrastructure, critical to successful AI adoption.”

CrowdStrike is among a wave of cybersecurity companies profiting from skyrocketing demand for better tools as advanced models such as Anthropic’s Mythos threaten to accelerate the pace of cyberattacks.

The sector has also managed to shake off recent AI disruption concerns that rattled software names. CrowdStrike is up about 60% this year.

CrowdStrike is also testing Anthropic’s Mythos, which was released in a limited capacity through Project Glasswing, amid fears that hackers could use it to devastating effect.

To meet this shift and the rise of agentic AI, CrowdStrike and its competitors have been on a massive acquisition spree, scaling AI capabilities as customers reconsider their cybersecurity strategies.

Its latest push included a $740 million deal for identity security startup SGNL and AI security startup Pangea.

CrowdStrike expects revenue of about $1.44 billion in the current quarter, which was roughly in line with a $1.43 billion estimate from LSEG. The company also lifted its fiscal 2027 net new annual…

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