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CrowdStrike’s Recent Performance
CrowdStrike (NASDAQ: CRWD) reported a 21% year-over-year revenue growth for Q2 of fiscal 2026, totaling $1.17 billion. The company’s net new annual recurring revenue reached a record $221 million, with total annual recurring revenue climbing to $4.66 billion. Despite facing ongoing revenue impacts of $10 million to $15 million per quarter due to a previous outage, management anticipates at least 40% growth in net new annual recurring revenue for the second half of fiscal 2026.
Stock Performance and Valuation
Shares of CrowdStrike have surged by more than 50% this year, resulting in a market capitalization exceeding $130 billion and a price-to-sales ratio above 30. The company plans to double its annual recurring revenue to $10 billion by fiscal 2031, although concerns remain about its high valuation compared to historical averages.
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