CrowdStrike’s stock climbed more than 11% in after-hours trading following the release of fiscal second-quarter earnings that exceeded Wall Street expectations and prompted the company to raise its full-year guidance.
The cybersecurity firm reported quarterly revenue of $1.17 billion, representing 26% growth compared to the prior-year period. Chief Executive Officer George Kurtz characterized the results as “the best quarter in CrowdStrike’s history,” citing strong market demand driven by enterprise adoption of artificial intelligence technologies. Annual recurring revenue reached $5.84 billion, up 25% year-over-year, with record net new annual recurring revenue of $333 million. The company swung 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 comparable prior-year quarter.
Kurtz attributed much of the growth momentum to what he termed the “Mythos moment,” following the release of an advanced artificial intelligence model capable of identifying previously unknown software vulnerabilities. This development has accelerated market recognition that security infrastructure must accompany AI deployment across enterprises. The company’s Falcon Flex platform, which enables customers to deploy and manage multiple security tools under a unified framework, more than doubled year-over-year, with 935 new accounts added during the quarter. These Falcon Flex accounts represented ten of the company’s largest deals by value in the period.
Looking ahead, CrowdStrike raised its full-year revenue forecast to a range of $5.99 billion to $6.01 billion, surpassing analyst estimates of $5.93 billion. The company also increased adjusted earnings per share guidance to between $1.25 and $1.26 compared to analyst expectations of $1.23. For the third quarter, management projected revenue between $1.52 billion and $1.53 billion with adjusted EPS of 31 cents per share, figures largely consistent with market consensus. The company’s shares have advanced more than 61% so far this year, reflecting broader investor enthusiasm for cybersecurity vendors positioned to capitalize on expanding security requirements across agentic artificial intelligence implementations.
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