CrowdStrike Posts Record Net New ARR, Raises Growth Guidance by 630 Basis Points

CrowdStrike reported second-quarter fiscal 2027 results on August 26, 2026, with total revenue of $1.47 billion, up 26% year-over-year from $1.17 billion. Subscription revenue was $1.40 billion, up 27%. Adjusted EPS was $0.31, beating analyst expectations.

A Record Quarter for New Business

• Annual recurring revenue grew 25% year-over-year to $5.84 billion as of July 31
• Net new ARR added during the quarter was $332.8 million — a company record, up 51% from a year earlier
• Operating cash flow reached a record $530.3 million, up from $332.8 million a year earlier; free cash flow was $377.4 million, up from $283.6 million

Raised Guidance

CrowdStrike forecast full fiscal year 2027 revenue of $5.99-6.01 billion, ahead of the $5.94 billion analyst estimate, and raised its full-year net new ARR growth guidance by 630 basis points to 34% year-over-year growth at the midpoint — a notably large upward guidance revision.

What This Means for Cybersecurity Platform Buyers

The record net new ARR figure, growing 51% year-over-year, is a specific signal of accelerating new-business momentum rather than just steady renewal-driven growth, distinct from the overall ARR growth rate alone. For organizations evaluating cybersecurity platform consolidation, this combination of record new bookings, raised full-year guidance and strengthening cash generation is a comprehensive positive signal across multiple dimensions of vendor health simultaneously, rather than strength in just one metric.