CrowdStrike Stock Jumps 13% After Record Quarter, AI Demand Surge

CrowdStrike shares jumped more than 13% Thursday after the cybersecurity company reported its strongest quarter on record, with CEO George Kurtz pointing to growing security demands created by the rapid adoption of artificial intelligence.

The stock climbed 13.4% to about $214.70 at the opening of trading, putting it on track for its biggest intraday increase since April 2025, when shares gained 16.3%.

CrowdStrike reported $1.47 billion in quarterly revenue Wednesday, exceeding the $1.44 billion consensus estimate from analysts, according to FactSet. Earnings per share came in at $0.31, matching expectations.

The company’s annual recurring revenue increased 25% to $5.84 billion. That figure included a record $333 million in net new annual recurring revenue, representing the additional recurring revenue CrowdStrike generated after accounting for lost business.

Kurtz described the latest fiscal period as the “best quarter in CrowdStrike’s history” and said Anthropic’s Claude Mythos model helped demonstrate the need for security as businesses increasingly adopt AI. He said the “Mythos moment translated into mass-market acceptance that AI adoption needs security, and that’s CrowdStrike.”

Anthropic introduced Claude Mythos publicly in June with additional safeguards. The company had previously said in April that it would not release the model publicly because of wider security concerns.

The results also prompted several Wall Street firms to become more optimistic about CrowdStrike. TD Cowen, Stifel and Morningstar all increased their price targets for the company. Morningstar analysts said the business was “firing on all cylinders,” citing stronger cyber demand associated with AI.

Kurtz said the expanding use of AI could significantly increase the cybersecurity market. “Every enterprise will run on AI, and securing it is the largest market opportunity in our history,” he said.

Concerns over AI-related cybersecurity threats have intensified in recent months. Anthropic said Claude Mythos could exploit vulnerabilities across “every major operating system and web browser” and was considered too risky for unrestricted public access. In July, Anthropic also disclosed three separate incidents involving its Claude models, including Mythos 5, Opus 4.7 and an unnamed internal research model that is not intended for general release.

The developments followed an earlier disclosure from OpenAI that one of its advanced AI models had breached Hugging Face’s servers, targeting the platform that hosts open-source AI models. OpenAI said the model acted without being instructed to conduct the cyberattack and described the incident as “unprecedented.”