CrowdStrike Holdings, Inc.
CRWD - NASDAQ - $455.64 ▲ +%2.22
-
Earnings Tue 9 Jun
Note: this preview was published before the 2026-06-09 earnings report. Results have since been released — verify against the latest filings.

CrowdStrike opens the
books on Tuesday evening.

13 analysts' median target is $525[FMP target], stock is $456, +15.2% upside potential. After Q2 +1.8% EPS beat[FMP earnings], the stock moved +4.2%.

↓ summary below
Quick Take - in 40 seconds
C-
BUY Council 2/6 - Moonshot 64

C- = MoonshotScore 64[9-pillar formula] + Council 2/6[6-lens rule]. Form 4: 0 transactions[FMP Form 4].

Q4 consensus: revenue $1.4B[FMP est], EPS $1.07[FMP est]. 8 consecutive quarters of beat[FMP earnings].

Detailed analysis below ↓
$1.07 EPS Estimate Last year $1.03 - +47% YoY YoY
8 Beat Streak Expectations beaten consecutively for the last 8 quarters

Q2 EPS +1.8% beat[FMP] but the stock +4.2% D+1[FMP D+1]. Burt Podbere promised $121.5M CapEx + a sequential decline in Q4 during the Q2 earnings call[Burt Podbere capex transcript].

Watchlist

4 metrics stand out this quarter.

95% Investor Focus

Nextgen Siem Growth

nextgen_siem_growth

CrowdStrike's Next-Gen SIEM experienced growth of more than 95% year-over-year, reaching over $430 million in ARR.

"Falcon NextGen SIEM had a stellar Q2 with year-over-year growth of more than 95% and ending ARR of more than $430 million."

- George Kurtz, Chief Executive Officer - Q2 FY26 Earnings Call - August 27, 2025
$700 million Investor Focus

Cloud Arr Growth

cloud_arr_growth

CrowdStrike's cloud business exceeded $700 million in ending ARR, growing more than 35% year over year.

"Total cloud ending ARR exceeded $700 million growing more than 35% year over year."

- George Kurtz, Chief Executive Officer - Q2 FY26 Earnings Call - August 27, 2025
95% Investor Focus

Customer Care Packages

customer_care_packages

CrowdStrike is confident in the renewal rates and customer success of its Customer Care Packages (CCP).

"So 95 plus percent of the time, a customer will renew a module once they adopt it. So I gotta start with that. Obviously, CCP was a a new element for us. Right? But when you look at the value that we provide in these modules and once customers see it, integrated into the platform and into their workflows, 95% plus, they're gonna renew it."

- George Kurtz, Chief Executive Officer - Q2 FY26 Earnings Call - August 27, 2025
1,000 Investor Focus

Falcon Flex Adoption

falcon_flex_adoption

CrowdStrike's Falcon Flex model is helping customers accelerate Falcon platform adoption, surpassing 1,000 customers.

"Contributing to our platform growth is our revolutionary FalconFlex model, helping customers accelerate and maximize Falcon platform adoption. In Q2, we crossed 1,000 Falcon Flex customers, adding more than two twenty new Flex customers."

- George Kurtz, Chief Executive Officer - Q2 FY26 Earnings Call - August 27, 2025

Stock Expert AI - Methodology

Do our 9 pillars, 7 perspectives, and Munger lens point in the same direction?

MoonshotScore 64 / 100

9-pillar methodology. Revenue Growth and Gross Margin strong. Operating Leverage weak.

How is it calculated? ->
Revenue Growth9.0Q4 vs Q1: fast growth (+18.3%)
Gross Margin8.0Q4: very high margin (76.3%, software/cloud territory)
Operating Leverage0.0op margin weak (1.2%, under pressure)
Cash Runway10.0FCF very strong ($0.4B, 3.1x CapEx)
R&D Intensity3.0very high R&D (28.9%, margin pressure risk)
Price Momentum7.0RSI 60.0 positive momentum, 50d above
News Sentiment8.0strong buy consensus (75%)
Council Score 2 / 6 Bullish

6 investor frameworks. 2 bullish (Ray Dalio, Ken Griffin), 0 bearish (none), 4 neutral (Jim Simons, Klarman, Buffett, Munger).

How is it calculated? ->
Ray Dalio macro - target upside +15.2%
Ken Griffin flow - 50d MA above
Jim Simons quant - RSI 60
Klarman value - target upside +15.2%
Buffett quality - ROE score 1/5
Munger valuation - target upside +15.2%
Munger's Mindset character & balance sheet lens
Fairly Valued

Quality business, trading at fair value.

How is it calculated? ->
Financial HealthWeak
Margin of SafetyModerate
Interest CoverageAdequate
ROIC vs WACCTight
Technical Levels - Pre-earnings positioning

What levels is the stock being tested at?

RSI(14)
60.0 RSI 60.0 positive momentum, 50d above
MACD
+10.20 price above 50d - support positive
50d MA
$413 stock 10.2% above - short-term support
200d MA
$458 stock 0.4% below - long-term pressure
Volume (10d)
-39% decrease - low participation
Resistance
$525
Analyst median target - upgrade trigger if broken
Current
$456
Pre-earnings position
Support
$389
Invalidation - close below this is a technical breakdown
Pattern
Range
$389-$525 band - earnings breakout/breakdown trigger

Past Performance

CrowdStrike beat expectations in the last 8 quarters.

BEAT
Q1 FY26
$0.73 vs $0.66 est - -5.8%
BEAT
Q2 FY26
$0.93 vs $0.83 est - +4.6%
BEAT
Q3 FY26
$0.96 vs $0.94 est - +1.5%
BEAT
Q4 FY26
$1.12 vs $1.10 est - +4.2%

Q2 (August 27, 2025): EPS $1.12 vs $1.10 est[FMP], +1.8% beat. D+1 movement: +4.2%[FMP D+1]. Decline despite beat - market reacted to guidance, not numbers.

Three scenarios: what could happen?

EPS < $1.04 (no guidance)

Q2: EPS $1.12 vs $1.10 beat[FMP], stock +4.2% D+1[FMP].

Backlog concentration

No RPO/backlog concentration disclosed in Q2 earnings call.

CapEx shock

Q2 CapEx $121.5M[FMP cashflow]. Q2 op margin 1.2%[FMP op margin] - this level in Q4 is sensitive to CapEx revision risk.

Framework - Position discipline

After the data arrives: 3 scenarios, 3 windows

Not advice - a structural framework for earnings night. Decision discipline is yours.

Scenario A - Beat
Q4 EPS > $1.07 + CapEx discipline
Threshold: EPS > $1.07[FMP est].
Target: Break above median target $525[FMP target]; high target $640[FMP] upper bound.
Scenario B - In-Line
EPS approx $1.07 + CapEx < $121.5M
Threshold: EPS approx $1.07[FMP est], Q4 CapEx < $121.5M[FMP].
Target: Consolidation in the band between current $456[FMP] and median $525[FMP].
Scenario C - Miss
EPS < $1.04 or CapEx >= $121.5M
Threshold: EPS < $1.04[FMP estx0.97].
Target: Current $456 below SMA200 $458[FMP], if rejection continues, $389[derived] support activates.
Sizing
Earnings volatility -> max portfolio 1-2%. Waiting for earnings is not a gamble, it's a position entrustment.
Timing
IV crush within 24 hours post-earnings. Waiting for premium decay makes options preferable to spot.
Staging
Don't go all-in at once, divide into 3: initial reaction, 24 hours later, after Friday's close.

Market Outlook

What do 13 analysts say?

Wall Street Consensus
$525
12-month median target price (+15.2% upside potential)
42
BUY
14
HOLD
0
SELL
Risk Management
$389
Invalidation level - critical support threshold
$413 - 50-day MA (above, +10.2%)
$458 - 200-day MA (below, -0.4%)
IV Crush risk (sudden drop in inflated option premiums before earnings): Option premiums are inflated before earnings.
Verdict - CRWD Q4 FY26
C-

You read it in 5 minutes. When the numbers come out on Tuesday evening - you know what you're looking at.

Data arrives at night. The framework is ready now.

Data arrives on Tuesday evening. The framework is ready on this page: Q4 EPS threshold $1.07[FMP], CapEx threshold "below $121.5M"[Burt Podbere]. Two anchors, three scenarios.

Comparison Stock Expert AI Pro $24/month ($240/year), 77% cheaper than the total of three earnings-tracking tools ($1,059/year -> $240/year).

3 subscriptions. 1 platform.

Seeking Alpha $299/yr - analyst opinions + earnings coverage TipRanks $360/yr - Smart Score (1-10) + analyst consensus + insider trades Trendspider $400/yr - AI pattern detection + automated TA + multi-timeframe alerts

Prices as of April 2026. Sources: seekingalpha.com/subscriptions - tipranks.com/pricing - trendspider.com/pricing

Stock Expert AI Pro: $24/month ($240/year). Council 7-lens analysis + MoonshotScore 9-pillar + Insider tracker + Technical levels - all in one platform, for every stock.

Try Pro free for 14 days CRWD dossier ->

Educational tool, not investment advice. Past performance does not guarantee future results.

Calendar

Catalyst Calendar - 90-day forward look

Jun 9, 2026EARNINGSQ4 FY26 results (after market close) + earnings call
Jun 10, 2026PRICEFirst trading day after earnings - 200dMA test + IV crush
Jul 24, 2026FILING10-Q deadline - segment breakdown + RPO detail (SEC rule: quarter-end + 45 days)
~Sep 9, 2026EARNINGSQ1 FY27 (next quarter, date not yet scheduled in FMP)

DATA GAP: Events not in the FMP /stable/calendar feed - Investor day, analyst day, product launches, regulatory dates. These require company IR page scraping or manual calendar entry.

Frequently Asked Questions

What does the CRWD earnings preview cover?

This CRWD (CRWD) earnings preview covers the analyst consensus, key catalysts, and what to watch on the earnings call.

What should investors watch for in CRWD earnings?

Consensus EPS, revenue guidance, segment growth rates, and the tone of management commentary — the full breakdown with sources is on this page.