Cybersecurity leader CrowdStrike Holdings, Inc. (CRWD.US) reported better-than-expected results for the fourth quarter of fiscal year 2026 and provided strong guidance, receiving positive feedback from Wall Street analysts. The earnings report revealed that CrowdStrike's Q4 revenue increased significantly by 23% year-over-year to $1.305 billion, surpassing the average analyst estimate of approximately $1.3 billion. Subscription revenue reached about $1.242 billion, also up 23% compared to the prior year. Non-GAAP adjusted earnings per share were $1.12, a 38% increase year-over-year and above the average analyst forecast of $1.10.

As of January 31, 2026, the company's Annual Recurring Revenue (ARR) grew substantially by 24% year-over-year to $5.25 billion. Net new ARR added in the fourth quarter was $330.7 million, a 47% increase that set a new record and significantly exceeded the average analyst expectation of around $300 million.

Regarding its outlook, for the first quarter of fiscal year 2027, CrowdStrike anticipates ARR in the range of $5.5018 billion to $5.5038 billion. Revenue guidance is set between approximately $1.360 billion and $1.364 billion, slightly above the average analyst estimate of about $1.36 billion. Adjusted EPS guidance for the quarter is projected between $1.06 and $1.07, largely in line with analyst expectations.

For the full fiscal year 2027, CrowdStrike expects ARR to be between $6.4658 billion and $6.5164 billion. Revenue guidance is forecast in the range of $5.8676 billion to $5.9276 billion, exceeding the average analyst estimate of approximately $5.86 billion to $5.87 billion. Adjusted EPS guidance for the year is projected between $4.78 and $4.90, slightly above the average analyst forecast.

Following the earnings release, RBC Capital Markets maintained its Outperform rating on the stock with a $550 price target. Analysts, led by Matthew Hedberg, stated, "CrowdStrike delivered a very strong quarterly report, demonstrating scaled acceleration and raising its fiscal 2027 ARR outlook. Growth was broad-based, with Flex/Re-Flex products continuing to drive business momentum. Even with the raised FY27 expectations, we still see potential for full-year outperformance and possible acceleration in ARR growth." The analysts noted that CrowdStrike remains a top pick as a cybersecurity consolidator achieving scaled acceleration and is well-positioned to benefit from tangible tailwinds from artificial intelligence (AI) adoption.

Wedbush also maintained an Outperform rating on CrowdStrike but lowered its price target from $600 to $550. Analysts led by Dan Ives said that CrowdStrike's Q4 results modestly exceeded expectations for both revenue and profit, while also providing strong FY27 guidance above market forecasts. The analysts stated, "CrowdStrike remains on the IVES AI 30 list. We continue to believe that, amid the current software sector sell-off, CrowdStrike's status as the 'gold standard' in cybersecurity remains solid. The company's innovative and industry-leading Falcon platform is becoming increasingly critical in the new modern AI threat landscape." They added that CrowdStrike remains one of their top cybersecurity picks for 2026, as they believe the market is underestimating the growth potential embedded in the company's multi-year AI growth story.

Evercore ISI maintained its In-Line rating on CrowdStrike but raised its price target from $375 to $395. Analysts led by Peter Levine commented, "CrowdStrike's Q4 performance was solid, largely consistent with last quarter's tone of disciplined execution and resilient fundamentals, but without major surprises. We view the quarter's results and guidance as balanced and largely as expected."

Morgan Stanley maintained its Equal-Weight rating on the stock while lowering its price target from $537 to $487. Analysts Meta Marshall and her team stated, "CrowdStrike's Q4 results beat expectations across the board. The company indicated continued expansion in Flex, Cloud, Next-Gen SIEM, and Identity products, while EDR products continued to accelerate. We see tailwinds from AI and overall platformization, which encourages us following the recent stock price pullback."