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CrowdStrike Reaccelerates in Q3 With Record Net New ARR and Higher Guidance

Analysts cite an operational rebound, with warnings that a rich valuation leaves little room for misses.

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Overview

  • CrowdStrike posted fiscal Q3 revenue of $1.23 billion, up 22% year over year, with ARR reaching $4.92 billion, up 23%.
  • Net new ARR rose to a record $265 million, signaling renewed customer expansion across the Falcon platform.
  • Management guided Q4 revenue to $1.29–$1.30 billion and projected full-year revenue of about $4.80–$4.81 billion.
  • Profitability and cash generation improved, with non-GAAP operating income at $264.6 million and free cash flow of $295.9 million.
  • The company emphasized AI-driven security and deeper multi-module adoption across more than 22,000 customers, as Wall Street lauded the beat and Argus lifted its price target to $600.