CrowdStrike slips as higher quarterly expenses overshadow revenue beat

CrowdStrike Holdings

04/06/2026 11:34

** Shares of cybersecurity company CrowdStrike CRWD.O down 10.4% at $669.46 premarket 
** Co posts a jump in Q1 operating expenses, overshadowing a revenue beat and raised forecast
** Reports an about 15% rise in Q1 operating expenses to $1.07 billion from a year ago on the back of increased investments in AI and product development
** CRWD posts total Q1 revenue of $1.39 billion, beating estimates of $1.36 billion - LSEG-compiled data 
** Sees full year revenue between $5.91 bln and $5.96 bln, above prior forecast of $5.87 billion to $5.93 billion
** Expects annual adjusted profit to be between $4.88 and $4.96 per share, above its previous forecast of $4.78 to $4.90 per share
** 43 out of 55 analysts rate stock "buy" or higher, 10 rate it "hold", two "sell" or lower; median PT at $675 - data compiled by LSEG 
** As of last close, CRWD stock up 59.49% YTD 

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)
 ((tharuniyaa@thomsonreuters.com))