CrowdStrike Swings to 2Q Loss, 3Q Revenue View Undershoots

Dow Jones
Aug 28

By Dean Seal

 

CrowdStrike Holdings swung to a second-quarter loss and guided for lower third-quarter revenue than Wall Street anticipated, while lifting its full-year adjusted earnings outlook.

The cybersecurity company said after the closing bell Wednesday that it delivered record second-quarter net new annual recurring revenue and exceeded internal expectations across several metrics.

CrowdStrike posted a quarterly loss of $77.7 million, or 31 cents a share, compared with a profit of $47 million, or 19 cents a share, in the same quarter a year earlier.

Stripping out one-time items, adjusted earnings were 93 cents a share, beating analyst forecasts by a dime, according to Factset.

Revenue was up 21% at $1.17 billion for the quarter-ended July 31, ahead of analyst projections for $1.15 billion, according to FactSet.

For the third quarter, CrowdStrike said it expects revenue of $1.21 billion to $1.22 billion and adjusted earnings of 93 cents to 95 cents a share. Analysts were expecting revenue of $1.23 billion and adjusted earnings per share of 91 cents.

CrowdStrike nudged the low-end of its full-year revenue guidance up to $4.75 billion from $4.74 billion, and said adjusted earnings for fiscal 2026 would be $3.60 to $3.72 a share, up from $3.44 to $3.56 a share previously.

The stock declined 6.7% to $394.40 in trading after hours.

 

Write to Dean Seal at dean.seal@wsj.com

 

(END) Dow Jones Newswires

August 27, 2025 16:49 ET (20:49 GMT)

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