CrowdStrike’s stock rose more than 11% in extended trading following the release of stronger-than-expected fiscal second-quarter results and raised full-year guidance. The cybersecurity firm reported revenue of $1.17 billion for the quarter, representing 26% growth compared to the prior year period. Chief Executive George Kurtz characterized the results as the company’s strongest quarter to date, citing increased market recognition that artificial intelligence adoption requires robust security infrastructure.
The company’s performance reflected broader industry shifts following Anthropic’s introduction of its Mythos model, an advanced artificial intelligence system capable of identifying previously unknown software vulnerabilities. This development has prompted enterprises to reassess and upgrade their security posture. CrowdStrike’s annual recurring revenue expanded 25% year over year to $5.84 billion, supported by record net new annual recurring revenue of $333 million. The company returned to profitability with net income of $5.3 million, or 1 cent per share, compared to a net loss of $70.2 million, or 7 cents per share, in the prior year.
A significant contributor to CrowdStrike’s growth came from its Falcon Flex platform offering, which enables customers to deploy and exchange different security tools. This product more than doubled from the prior year, with the company adding 935 Flex accounts during the quarter. Finance Chief Burt Podbere noted that the platform approach is enabling larger, longer-term contract values as customers seek consolidated security solutions at improved economics.
Looking ahead, CrowdStrike raised its full-year revenue guidance to a range of $5.99 billion to $6.01 billion and adjusted earnings per share between $1.25 and $1.26, both exceeding analyst expectations. For the upcoming third quarter, the company projected revenue between $1.52 billion and $1.53 billion and adjusted earnings per share of 31 cents. CrowdStrike shares have appreciated more than 61% during the year as investor appetite for cybersecurity remains strong amid accelerating adoption of agentic artificial intelligence systems.
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