CrowdStrike Tops Q4, Sets FY2027 Outlook as Falcon Expansion Accelerates

Overview

• Q4 revenue reached $1.31 billion with adjusted EPS of $1.12, and ending ARR rose 24% year over year to $5.25 billion with a record $331 million in net new ARR.
• Fiscal 2027 revenue is guided to $5.87 billion to $5.93 billion, with Q1 projected at $1.360 billion to $1.364 billion and adjusted EPS ranges provided for both periods.
• Retention remained strong at 97% gross and 115% net, with Falcon Flex helping drive expansion as 23% of Flex customers increased commitments within seven months.
• Go‑to‑market reach widened as customers can apply Azure consumption commitments to Falcon and as a new Schwarz Digits partnership brings Falcon to STACKIT for EU data sovereignty needs.
• Recent acquisitions are expected to add $74 million to $80 million in FY2027 operating expenses, with SGNL and Seraphic contributing $5 million to $8 million in acquired net new ARR in Q1, while extended commission amortization provides an $85 million to $95 million non‑GAAP operating income benefit and free cash flow margins are projected at least 30%.