CrowdStrike falls after reporting higher quarterly operating expenses

CrowdStrike Holdings

03/06/2026 21:57

** Shares of CrowdStrike CRWD.O down ~9% at $678.26 in extended trading
** Co posts about a 15% rise to $1.07 billion in first-quarter operating expenses, from a year ago, on the back of increased investments in AI and product development
** However, expects full year revenue to be between $5.91 billion and $5.96 billion, versus prior forecast of $5.87 billion to $5.93 billion
** Expects annual adjusted profit to be between $4.88 and $4.96 per share, versus its previous forecast of $4.78 to $4.90 per share
** Co's total first-quarter revenue of $1.39 billion, beat estimates of $1.36 billion - LSEG
** Up to last close, stock rose nearly 60% YTD

 (Reporting by Anuja Bharat Mistry in Bengaluru)
 ((AnujaBharat.Mistry@thomsonreuters.com))