CrowdStrike reported a robust QQ2 2026 quarter that flooringed expectations across revenue, ARR, and profitability metrics. Total revenue reached $1.17 billion, up 21% year over year, with non-GAAP operating income of $255 million (22% operating margin) and non-GAAP net income of $237.4 million ($0.93 per diluted share). Ending ARR stood at $4.66 billion, a 20% YoY increase, driven by accelerating net new ARR of $221 million and a cloud/SIEM/identity growth trajectory that now includes NEXT-GEN offerings and a high-velocity Flex licensing model. The quarterly results were underpinned by AI-driven demand for Falcon and continued platform consolidation (six to eight modules per customer on the way to $10B ending ARR by FY31). CrowdStrike also announced its intent to acquire Onum, aiming to strengthen real-time data ingestion and pipeline capabilities for NextGen SIEM, and highlighted ONEM’s in-pipeline detection and performance advantages. Management guided for a back-half net new ARR growth of at least 40% year over year and ending ARR growth above 22% for FY2026, reinforcing confidence in sustained acceleration. The company also stressed balance sheet strength (cash and equivalents ~ $4.97B) and a longer-term path to >$30% free cash flow margin in FY27. Overall, CrowdStrike remains well-positioned at the intersection of AI-enabled security, cloud-native workloads, and identity protection, with a clear execution plan to reach a $10B ending ARR target by FY31 while expanding share in cloud security, identity, and SIEM markets.