CrowdStrike’s fiscal first quarter typically delivers lower net new ARR due to seasonal deal timing, with management guiding for roughly $250 million in the period ending April 30, 2026, consistent with its 41/59 first-half/second-half split. This follows a record $331 million in Q4 FY2026 and reflects continued Falcon Flex adoption, where enterprise accounts now exceed $3.2 billion in total deal value and support platform consolidation. Strong competitive win rates in endpoint security and a robust pipeline entering FY2027 underpin expectations, though decelerating growth rates from prior quarters introduce some uncertainty. The Q1 FY2027 earnings release, expected in early June, will confirm the final number and clarify momentum heading into the second half.