NEW YORK, March 5, 2026, 11:45 (EST)
- CrowdStrike forecast fiscal 2027 revenue of about $5.87 billion to $5.93 billion
- Shares rose about 4% in late morning trading on Thursday
- Company reported a 23% rise in fourth-quarter revenue
CrowdStrike shares rose about 4% on Thursday after the cybersecurity firm laid out a fiscal 2027 revenue outlook of $5.87 billion to $5.93 billion, with first-quarter revenue guided at $1.36 billion to $1.364 billion. 1
The outlook lands as investors try to sort out which software companies can keep pricing power in an AI-heavy market, and which ones get squeezed. Cybersecurity has looked like a safer corner of tech, but the debate has still hit valuations.
For CrowdStrike, the question is less about whether attacks keep coming and more about who wins the budget when boards push for fewer tools and faster response times. The company’s guidance is an early read on that spending.
A filing showed fourth-quarter revenue rose 23% to $1.31 billion and annual recurring revenue (ARR) — a key subscription gauge — climbed 24% to $5.25 billion. “As enterprises rapidly adopt AI, CrowdStrike is mission-critical infrastructure,” CEO George Kurtz said, while CFO Burt Podbere cited “exceeding expectations across all guided metrics.” 2
On an earnings call, Kurtz told analysts that “AI is driving elevated demand for the Falcon platform,” as companies roll out AI tools while attackers move faster, too. The company also said it had repurchased about 144,000 shares after the fiscal year-end and had roughly $950 million left under its buyback authorization. 3
Investors have been jumpy about new AI-driven security offerings, including from startup Anthropic, and about whether some cyber tools are becoming easier to replicate. “Having a software stock trade close to flat post print seems like a good outcome,” said Truist Securities analyst Junaid Siddiqui; CrowdStrike shares closed up 1.7% after the results and slipped 0.8% in extended trade, Reuters reported. The company also said costs tied to the July 19, 2024 Windows outage and related matters rose to $117.7 million in fiscal 2026, while it reiterated it was buying identity security startup SGNL for $740 million and Israel’s Seraphic Security for about $420 million. 4
Still, the upside case depends on customers sticking with premium security spend even if IT budgets tighten and procurement cycles stretch. Price pressure could bite if AI-native tools gain traction faster than expected, and any product misstep would likely be punished quickly.
CrowdStrike sells cloud-delivered cybersecurity software through its Falcon platform, competing with firms including Microsoft and Palo Alto Networks across parts of endpoint, cloud and identity security. 5
