By Dean Seal
CrowdStrike Holdings raised its revenue guidance for the year after swinging to a profit in the first quarter.
The cybersecurity company said it now expects annual recurring revenue of $6.53 billion to $6.56 billion for all of fiscal 2027, up from its previous target of $6.47 billion to $6.52 billion. Total revenue should hit $5.91 billion to $5.96 billion instead of $5.87 billion to $5.93 billion, as previously projected.
CrowdStrike is also now guiding for $4.88 to $4.96 a share in adjusted earnings this year, raised from its previous view for $4.78 to $4.90 a share.
The company said laid out expectations for about $1.44 billion in revenue and adjusted earnings of $1.16 to $1.17 a share in the second quarter, which is in line with the current estimates of analysts polled by FactSet.
For the first quarter, which ended April 30, CrowdStrike posted a profit of $27.8 million, or 11 cents a share, compared with a loss of $104.3 million, or 42 cents a share, in the same quarter a year earlier. Adjusted earnings were $1.10 a share, beating analyst targets by 3 cents.
Revenue jumped 26% to $1.39 billion, topping analyst forecasts for $1.36 billion. Annual recurring revenue, the company's preferred top-line metric, jumped 24% to $5.51 billion.
Chief Executive George Kurtz said the company is seeing platform adoption from existing customers and increased partner engagement.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
June 03, 2026 16:48 ET (20:48 GMT)
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