Filing Flows › CrowdStrike Holdings (CRWD) › Q2 FY27
CrowdStrike Holdings (CRWD) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Aug 27, 2026
CrowdStrike Holdings (CRWD) reported revenue of $1.5B for the second quarter fiscal 2027 (Q2 FY27), +26% from a year earlier and +6% from the quarter before. Operating margin was -2.3%, net earnings $5.3M (0.4% of revenue).
CrowdStrike Holdings, Q2 FY27: revenue $1.5B (+26% year over year), operating margin -2.3%, net earnings $5.3M, operating cash flow $530M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | +6% | +26% |
| Operating profit | −$33.2M | — | — |
| Net earnings | $5.3M | -88% | — |
| Operating cash flow | $530M | -10% | +59% |
| Free cash flow | $406M | -18% | +34% |
What changed
Revenue was $1.5B in Q2 FY27, up 26% year over year and up 6% from the previous quarter. Subscription was the largest line at 95% of revenue. Subscription added $0.30B year over year (up 27%), 98% of the total change.
Gross margin was 74.6%, up 1.0 points from Q2 FY26. Operating costs exceeded revenue by $0.03B, an operating margin of -2.3%. Operating expenses grew 17% against revenue growth of 26%. The fastest-growing cost line was Research & development (+30%). Net earnings were $0.01B. The effective tax rate was -34.9%. Non-operating items added $0.04B, 945% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.53B (up 59% year over year), 9994% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.38B of share-based compensation. Working capital and other items added $0.12B. Capital expenditures of $0.12B left free cash flow of $0.41B.
Questions
What was CrowdStrike Holdings' revenue in the second quarter fiscal 2027?
CrowdStrike Holdings (CRWD) reported revenue of $1.5B for the second quarter fiscal 2027 (Q2 FY27), +26% from a year earlier and +6% from the quarter before.
Was CrowdStrike Holdings profitable in the second quarter fiscal 2027?
Operating loss was $33.2M (-2.3% of revenue) and net earnings $5.3M.