盘后一度暴跌近8%！网络安全公司CrowdStrike由盈转亏、Q3营收指引不及预期

Core Viewpoint - Despite exceeding market expectations in Q2 performance and raising the full-year adjusted profit forecast, the company's Q3 revenue guidance fell slightly short of Wall Street expectations, leading to a nearly 8% drop in stock price post-earnings announcement [1][3][14] Financial Performance - Total revenue reached $1.17 billion, a 21% year-over-year increase, surpassing analyst expectations of $1.15 billion, compared to $963.9 million in the same period last year [4] - Subscription service revenue was $1.1 billion, up 20% year-over-year from $918.3 million [5] - Annual Recurring Revenue (ARR) grew 20% year-over-year to $4.66 billion, with new ARR of $221.1 million, marking a quarterly record [6] - Subscription gross margin was 77% on a GAAP basis, slightly down from 78% year-over-year; non-GAAP gross margin was 80%, down from 81% [7] Profit and Loss - GAAP operating loss was $113 million, compared to an operating profit of $13.7 million in the same period last year; non-GAAP operating profit reached a record $255 million, up from $241.1 million [9] - GAAP net loss was $77.7 million, compared to a net profit of $47 million last year; GAAP loss per share was $0.31, down from a profit of $0.19 [9] - Non-GAAP net profit was a record $237.4 million, compared to $221.6 million last year, with non-GAAP earnings per share of $0.93, exceeding analyst expectations of $0.83 [9] Cash Flow and Guidance - Operating cash flow was $332.8 million, slightly up from $326.6 million year-over-year; free cash flow was $283.6 million, compared to $272.2 million last year [10] - Cash and cash equivalents reached a record $4.97 billion as of July 31, 2025 [10] - Q3 revenue is expected to be between $1.208 billion and $1.218 billion, slightly below the market expectation of $1.23 billion [10] - Full-year revenue is projected to be between $4.75 billion and $4.806 billion, an increase from the previous lower estimate of $4.74 billion [11] Future Outlook - Non-GAAP operating profit for Q3 is expected to be between $256 million and $262 million, with non-GAAP net profit projected between $238.1 million and $242.8 million, leading to expected non-GAAP earnings per share of $0.93 to $0.95, above analyst expectations of $0.91 [12] - For the full year, non-GAAP operating profit is expected to reach between $1 billion and $1.04 billion, with non-GAAP net profit projected between $922 million and $954 million, and non-GAAP earnings per share expected to be between $3.60 and $3.72, up from the previous estimate of $3.44 to $3.56 [13] - The company plans to lower its long-term non-GAAP tax rate from 22.5% to 21.0% starting in Q2 of FY2026, related to the passage of the "One Big Beautiful Bill Act" [13] Strategic Developments - The company announced the acquisition of Onum, a leader in real-time telemetry data pipeline management [16] - Analysts are focusing on the growth rate of subscription revenue in the second half of the year as the company works to recover from the costs associated with the 2024 outage event [18] - The company has laid off approximately 500 employees to achieve its goal of reaching $10 billion in annual recurring revenue [18] - The CEO emphasized the company's leadership position in integrated cybersecurity solutions, highlighting the impact of AI on business operations [19]