CrowdStrike Holdings reported fiscal second-quarter revenue of $1.47 billion, up 26% year over year and above estimates, calling it the best quarter in its history, with about $333 million of net-new annual recurring revenue, ending ARR of $5.84 billion and Falcon Flex ARR above $2.29 billion. The company raised full-year net-new ARR growth guidance to roughly 34% at the midpoint and lifted fiscal 2027 revenue and adjusted EPS outlooks as CEO George Kurtz framed AI agents as both productivity tools and risk multipliers in an industry "arms race." Okta also beat expectations, posting roughly $805 million to $809 million in revenue, up 11%, with adjusted EPS of $1.05, and raised full-year revenue guidance to $3.22 billion-$3.23 billion as about 30% of bookings came from new AI-related products tied to non-human identity growth. Market reports said CrowdStrike shares rose as much as 15% and Okta about 20%-22%, lifting peers while both firms said AI-related revenues remain early for fiscal 2027 and are expected to become more material from fiscal 2028.