CrowdStrike (CRWD.US) Q3 Revenue Guidance Below Expectations Plans to Acquire Onum to Strengthen Security Business

According to XM Forex official app, cybersecurity firm CrowdStrike (CRWD.US) released its Q2 earnings report for the fiscal year 2026, ending July 31. The report indicated a 21% year-on-year revenue increase to $1.17 billion, surpassing market expectations of $1.15 billion. The adjusted earnings per share were $0.93, also exceeding the market forecast of $0.83. Annual recurring revenue (ARR) rose by 20% to $4.66 billion.

Looking ahead, CrowdStrike projected its Q3 revenue for fiscal year 2026 to be between $1.21 billion and $1.22 billion, which is lower than the market expectation of $1.23 billion. The company also expects adjusted earnings per share to range from $0.93 to $0.95, higher than the anticipated $0.91.

Furthermore, CrowdStrike has raised its full-year guidance, now forecasting total revenue to be between $4.75 billion and $4.81 billion, with the midpoint aligning with market expectations; earnings per share are projected to be between $3.60 and $3.72, above the expected $3.51.

CrowdStrike's CEO and Founder, George Kurtz, remarked, “The acceleration of business growth occurred a quarter earlier than we anticipated, resulting in an outstanding Q2 performance. The record new ARR of $221 million, over 1,000 Flex customers, and more than a hundred repeat orders highlight CrowdStrike's leadership in the cybersecurity integration space.”

The company also announced its acquisition of Onum, a real-time telemetry pipeline management firm. This deal is expected to enhance CrowdStrike's Falcon next-generation security information and event management (SIEM) products, laying the groundwork for agent security and IT operations.

Following the earnings report, CrowdStrike's shares fell 3.88% in after-hours trading.