CrowdStrike Raises Outlook After Record ARR and Cash Flow and Announces 4-for-1 Split

Executives say a surge in demand tied to frontier AI is lifting bookings and prompted a higher full‑year net new ARR forecast.

Overview

In early June, CrowdStrike reported stronger‑than‑expected Q1 results with total revenue of $1.39 billion, subscription revenue of $1.32 billion, ARR of $5.51 billion and a record $255.8 million of net new ARR.
The company raised its FY27 net new ARR guidance to a midpoint that implies about 27.7% growth, with management citing increased platform adoption linked to frontier AI products and partner activity.
CrowdStrike delivered record cash generation, reporting roughly $591 million in cash from operations and about $468 million in free cash flow, and it posted positive GAAP net income for the quarter.
Management announced a four‑for‑one stock split to broaden retail access, and several sell‑side firms raised price targets even as the stock fell about 11% in after‑hours trading following the release.
Investors will watch coming bookings and guidance for confirmation that the AI‑driven ‘Mythos’ inflection is sustainable, since sustained higher bookings are needed to justify the current premium valuation and recent re‑ratings.