CrowdStrike beats estimates, raises outlook and announces 4-for-1 stock split; shares fall 11%

According to CNBC, CrowdStrike reported fiscal 2027 first-quarter results that topped estimates and issued higher full-year guidance, but shares fell more than 11% to around $664 after the release. Revenue rose 26% year over year to $1.39 billion versus a $1.36 billion consensus estimate, while adjusted EPS increased 51% to $1.10 compared with a $1.07 estimate, based on LSEG data; the quarter ended April 30. The company also announced a 4-for-1 stock split, with split-adjusted trading expected to begin July 2, and said it raised its fiscal 2027 revenue outlook to $5.91 billion-$5.96 billion from $5.87 billion-$5.93 billion and its adjusted EPS forecast to $4.88-$4.96 from $4.78-$4.90. CrowdStrike also guided for fiscal 2027 second-quarter revenue of $1.44 billion-$1.44 billion and adjusted EPS of $1.16-$1.17, and projected year-end ARR of $6.53 billion-$6.56 billion; it forecast second-quarter ARR of $5.79 billion-$5.8 billion.