CrowdStrike edged past analysts’ estimates for revenue and earnings in its fiscal first quarter.
For FY 2027 Q1, the cybersecurity platform posted:
Revenues of $1.39 billion (estimate: $1.36 billion).
Adjusted earnings per share of $1.10 (estimate: $1.07).
Annual recurring revenue
was $5.51 billion, beating analyst estimates of $5.50 billion.Subscription revenue was $1.32 billion, up 26% year on year.
The company also boosted its annual guidance for revenue and adjusted EPS, and it announced a four-for-one stock split.
Still, shares, which had surged some 60% over the past month, fell 8.2% after hours.
Since Anthropic’s announcement of its forthcoming Mythos model, the cybersecurity industry is bracing for an explosion in vulnerabilities that may be discovered using such advanced AI models.
In a press release, CrowdStrike CEO George Kurtz said:
“In Q1, the worlds of cybersecurity and frontier AI collided: this was the Mythos moment. CrowdStrike is AI security infrastructure, critical to successful AI adoption.”