CrowdStrike Talked a Big Game at Its Investor Day, and Investors Love It

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modules and expanding cash flow could support today's premium.10 stocks we like better than CrowdStrike ›CrowdStrike (NASDAQ: CRWD) surged on Thursday after using its investor day alongside the Fal.Con conference to lay out more ambitious targets and a heavier artificial intelligence (AI) push. Shares rose 13% as management pointed to stronger net-new annual recurring revenue (ARR) growth in fiscal 2027 and reiterated a long-term ARR goal that underscores confidence in the platform's resilience. The cybersecurity specialist sells a cloud-native suite that protects endpoints, identities, cloud workloads, and data, and it's increasingly weaving agentic AI into everything it does. The near-term read-through is straightforward: If growth reaccelerates as promised, investors may be getting what they've been waiting for since last year's disruption.That disruption -- and the financial aftermath -- still hangs over the story, which is why fresh details on growth and cash flow matter. The company's latest quarter already hinted at improvement, and Thursday's guidance connected the dots on what could come next.Image source: Getty Images.First, a look at the business. In the second quarter of fiscal 2026 (the three months ended July 31, 2025), total revenue rose 21% year over year to $1.17 billion, while ending ARR climbed 20% to $4.66 billion. Net-new ARR was a quarterly record at $221 million. Non-GAAP operating income was $255 million (22% of revenue) and free cash flow was $284 million (24% of revenue). CEO George Kurtz summed it up in the company's Q2 earnings release: "These results highlight CrowdStrike as the leader in cybersecurity consolidation," he said in the release, adding that the platform enables customers to "confidently embrace their AI future" across cloud and endpoint environments.Thursday's investor briefing pushed the narrative further. Management forecast net-new ARR growth of more than 20% in fiscal 2027 and reiterated its long-term goal of reaching $10 billion in subscription ARR by fiscal 2031, a target it has referenced in recent investor decks.There's also depth beneath the headlines. Platform expansion continues to be a tailwind. Module adoption rates have been rising; next-generation security information and event management (SIEM) and identity offerings are scaling from a smaller base; and the company crossed 1,000 Falcon Flex customers. Management has noted the typical Flex customer represents more than $1 million of ARR. This is the kind of mix shift that can sustain double-digit growth even if the endpoint category matures.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,715.50 -7.00 (-0.10%)Dow Futures46,573.00 -78.00 (-0.17%)Nasdaq Futures24,850.00 -16.25 (-0.07%)Russell 2000 Futures2,466.20 -0.10 (-0.00%)VIX15.45 -0.25 (-1.59%)Gold3,726.00 +20.20 (+0.55%)PortfolioSign in to access your portfolioSign inTop gainersOKLO Oklo Inc. 135.23 +30.26 (+28.83%)BHF Brighthouse Financial, Inc. 57.59 +12.33 (+27.24%)QUBT Quantum Computing Inc. 23.27 +4.92 (+26.81%)MENS Jyong Biotech Ltd. 65.62 +13.87 (+26.80%)SMR NuScale Power Corporation 46.77 +8.65 (+22.69%)Top losersDXCM DexCom, Inc. 67.45 -8.33 (-10.99%)HESM Hess Midstream LP 35.36 -4.12 (-10.44%)CART Maplebear Inc. 41.50 -3.90 (-8.59%)ORLA Orla Mining Ltd. 10.22 -0.85 (-7.68%)RXO RXO, Inc. 16.14 -1.31 (-7.51%)Most activeNVDA NVIDIA Corporation 176.60 +0.36 (+0.20%)OPEN Opendoor Technologies Inc. 9.57 -0.37 (-3.72%)INTC Intel Corporation 29.58 -0.99 (-3.24%)HOOD Robinhood Markets, Inc. 124.78 +3.87 (+3.20%)WBD Warner Bros. 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