06:35 AM EDT, 08/28/2025 (MT Newswires) -- CrowdStrike ( CRWD ) lifted its full-year earnings guidance and reported better-than-expected fiscal second-quarter results, but the cybersecurity firm issued a revenue outlook below initial market estimates for the ongoing three-month period, sending its shares down early Thursday.

The company anticipates overall revenue to come in between $1.21 billion and $1.22 billion for the current quarter, it said late Wednesday. The initial consensus among analysts on FactSet was for revenue of $1.23 billion, which was later reduced to about $1.22 billion. The stock declined 3.2% in the most recent premarket activity.

Adjusted earnings are pegged at $0.93 to $0.95 per share for the fiscal third quarter, while the Street is looking for $0.92. CrowdStrike ( CRWD ) also expects to incur a cash impact of about $51 million in the ongoing quarter due to costs associated with last year's global tech outage, Chief Financial Officer Burt Podbere said during an earnings call, according to a FactSet transcript.

For fiscal 2026, the firm now forecasts adjusted EPS to be in a range of $3.60 to $3.72, up from its previous projections of $3.44 to $3.56. Revenue is seen at $4.75 billion to $4.81 billion, reflecting a slightly higher bottom end versus the prior outlook of $4.74 billion. The Street is looking for non-GAAP EPS of $3.60 and revenue of $4.79 billion.

"Looking into the back half of the year, the combination of strong Falcon Flex momentum, record (third-quarter) pipeline and increasing demand for our (artificial intelligence)-powered innovations reinforces our conviction in driving year-over-year growth acceleration in both net new (annual recurring revenue) and ending ARR," Podbere said on the call.

CrowdStrike ( CRWD ) posted adjusted EPS of $0.93 for the quarter ended July 31, up from $0.88 the year before, exceeding the FactSet-polled consensus of $0.83. Revenue advanced 21% to $1.17 billion, topping the market's $1.15 billion estimate.

Subscription revenue jumped 20% to $1.1 billion, while professional services increased to $66 million from $45.6 million last year.

ARR grew 20% to $4.66 billion as of July-end, of which $221.1 million was net new ARR added in the second quarter, according to the company. "Market demand for our AI native Falcon platform and Falcon Flex subscription model drove strength across the business," Podbere told analysts.

The number of deals with a total value of more than $10 million "doubled" on a yearly basis in the quarter, the CFO added.