CrowdStrike Q1 Earnings Beat Expectations With $1.39B Revenue, Up 26% YoY; Stock Falls 10% After Hours

CrowdStrike reported Q1 earnings for fiscal 2027 after hours on June 3, with revenue of $1.39 billion, up 26% year-over-year, and adjusted EPS of $1.10, both beating LSEG expectations of $1.36 billion and $1.07 EPS. Despite the beat, the security software stock declined roughly 10% in after-hours trading, signaling investor appetite for faster growth. The company announced a 1-for-4 stock split effective in July, with closing price at $747.61.

CrowdStrike raised its fiscal 2027 net new ARR (annual recurring revenue) guidance to $6.53–$6.56 billion from previous estimates. CEO George Kurtz highlighted AI detection and response (AIDR) as a new growth driver, disclosing Q2 deal pipeline for AIDR exceeded $50 million. The company is benefiting from enterprise demand for AI-focused cybersecurity solutions amid rising concerns over AI-powered attacks.