CrowdStrike reported strong third quarter results as the company continued to land security wallet share with revenue growth of 22%.
The cybersecurity company reported a third quarter net loss of $34 million, or 14 cents a share, on revenue of $1.23 billion, up 22% from a year ago. Non-GAAP earnings were 96 cents a share.
Wall Street was expecting CrowdStrike to report non-GAAP earnings of 94 cents a share on revenue of $1.22 billion.
CrowdStrike CEO George Kurtz said the third quarter "was one of our best quarter in company history" as net new annual recurring revenue was up 73% from a year ago. CrowdStrike is dueling with Palo Alto Networks to convince enterprises to consolidate cybersecurity platforms.
- Palo Alto Networks acquires Chronosphere for $3.35 billion, reports strong Q1
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Burt Podbere, CrowdStrike's CFO, said AI related demand was strong as customers consumed more of the company's Falcon platform and Flex subscription plans. The company said that second half fiscal 2026 net new annual recurring revenue will remain north of 50%.
For the fourth quarter, CrowdStrike projected revenue of $1.29 billion to $1.3 billion with non-GAAP per share earnings of $1.09 to $1.11. For fiscal 2026, CrowdStrike projected fiscal revenue of $4.797 billion to $4.807 billion. Non-GAAP per share earnings for the fiscal year will be $3.70 a share to $3.72.
