CrowdStrike reported a record-breaking Q2 FY27, achieving a net new ARR of $333 million, reflecting a 51% YoY increase and exceeding prior guidance. \
The company's ending ARR surged to $5.84 billion, showcasing over 25% YoY growth. Additionally, its Falcon Flex solution achieved remarkable traction, with an ending ARR of $2.29 billion, representing 101% YoY growth and more new Flex accounts added than in the last three quarters combined.
CrowdStrike’s non-GAAP operating income also reached a record $372 million, marking a 46% increase YoY, while their free cash flow rose to $377 million, up 33% YoY and constituting 26% of revenue.
In light of increased demand for AI security, the firm raised its FY27 net new ARR growth guidance by another 630 basis points at the midpoint, now projecting over $100 million more than initial estimates for the fiscal year. .