CrowdStrike narrowly beats estimates on AI tailwinds, but stock falls 10% CrowdStrike exceeded Wall Street’s fiscal first-quarter earnings and revenue expectations, reporting adjusted earnings per share of $1.10 against an estimate of $1.07 and revenue of $1.39 billion versus $1.36 billion expected. The company also announced a four-for-one stock split effective in July and noted that its AI security infrastructure is critical for successful AI adoption, benefiting from an “AI inflection point.” Despite beating estimates, shares fell 10% after the report, though the company has seen a roughly 60% stock increase this year.

• CrowdStrike reported adjusted earnings per share of $1.10 and revenue of $1.39 billion for its fiscal first quarter, surpassing LSEG estimates.
• Revenue increased 26% year-over-year, with net income turning positive compared to a net loss in the prior year.
• The company announced a four-for-one stock split to occur in July.
• CEO George Kurtz attributed company growth to an “AI inflection point” and increasing customer platform adoption, positioning CrowdStrike as “AI security infrastructure.”
• CrowdStrike is experiencing high demand for cyber tools due to the potential acceleration of cyberattacks from advanced AI models.
• AI detection and response (AIDR) is identified as a new growth vector, with a second-quarter pipeline exceeding $50 million.
• CrowdStrike is an early tester of Anthropic’s Mythos model through Project Glasswing.
• The company has made significant acquisitions, including deals for SGNL and Pangea, to scale AI capabilities.
• CrowdStrike lifted its fiscal 2027 net new annual recurring revenue growth forecast.