Q3 2026 CrowdStrike Holdings Inc Earnings Call Transcript
Key Points
- CrowdStrike Holdings Inc (CRWD) reported a record Q3 net new ARR of $265 million, growing 73% year over year, surpassing expectations by more than 10%.
- The company achieved an all-time record operating income of $265 million, representing 21% of revenue.
- CrowdStrike's Falcon Flex subscription model saw significant growth, with more than $1.35 billion in ending ARR, growing over 200% year over year.
- The company's Next-Gen SIEM and cloud security offerings experienced strong demand, contributing to broad-based ARR acceleration.
- CrowdStrike's partnership with AWS was strengthened, with Falcon Next-Gen SIEM being integrated into AWS's security console, expanding market reach.
- CrowdStrike Holdings Inc (CRWD) reported a GAAP net loss of $34 million, which included costs associated with a July 19 incident and acquisition-related expenses.
- The company faced increased sales and marketing expenses due to their annual Fal.con conference, impacting operating expenses.
- Despite strong performance, the company did not provide specific guidance on the impact of recent acquisitions, Pangea and Onum, on ARR.
- There is a potential risk of increased competition in the SIEM market as CrowdStrike displaces legacy systems, which may require aggressive pricing strategies.
- The company continues to face challenges in expanding its market share in the highly competitive cybersecurity industry, requiring ongoing innovation and strategic partnerships.
Hiello, and welcome to CrowdStrike's fiscal third-quarter 2026 financial results conference call.
At this time, all participants are in a listen-only mode. After the speaker's presentation, we will conduct a question-and-answer session. Please be advised that today's conference is being recorded.
I would now like to hand the call over to Andy Nowinski, Vice President of Investor Relations and Strategic Finance. Andy, please go ahead.
Good afternoon, and thank you for your participation today. With me on the call are George Kurtz, Chief Executive Officer and Founder of CrowdStrike; and Burt Podbere, Chief Financial Officer.
Before we get started, I would like to note that certain statements made during this conference call that are not historical facts, including those regarding our future plans, objectives, growth, including projections and expected performance, including our outlook for the fourth quarter and fiscal
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