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Here's What Key Metrics Tell Us About CrowdStrike (CRWD) Q2 Earnings

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For the quarter ended July 2026, CrowdStrike Holdings (CRWD - Free Report) reported revenue of $1.47 billion, up 25.8% over the same period last year. EPS came in at $0.31, compared to $0.23 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $1.44 billion, representing a surprise of +2.15%. The company delivered an EPS surprise of +6.9%, with the consensus EPS estimate being $0.29.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how CrowdStrike performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Annual recurring revenue (ARR): $5,840,000.00 versus $5,793,745.00 estimated by eight analysts on average.
  • Revenue- Subscription: $1.4 billion compared to the $1.37 billion average estimate based on 11 analysts. The reported number represents a change of +27% year over year.
  • Revenue- Professional services: $70.61 million versus $68.03 million estimated by 11 analysts on average. Compared to the year-ago quarter, this number represents a +7% change.
  • Non-GAAP subscription gross profit: $1.14 billion versus $1.11 billion estimated by seven analysts on average.
  • Non-GAAP professional services gross profit: $21.08 million compared to the $24.05 million average estimate based on seven analysts.
  • GAAP professional services gross profit: $7.3 million compared to the $14.27 million average estimate based on five analysts.
  • GAAP subscription gross profit: $1.09 billion versus $1.08 billion estimated by five analysts on average.

View all Key Company Metrics for CrowdStrike here>>>

Shares of CrowdStrike have returned +2% over the past month versus the Zacks S&P 500 composite's +3.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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