Okta, Inc. and CrowdStrike Holdings Inc. reported stronger-than-expected fiscal second-quarter 2027 results for the period ended July 31, raised full-year outlooks, and saw shares surge as enterprises stepped up cybersecurity spending amid rising AI-driven risks. Okta posted $805 million in revenue, up 11% year over year, subscription revenue of $793 million, non-GAAP diluted EPS of $1.05, and free cash flow of $227 million, with current remaining performance obligations up 14% to $2.585 billion. CrowdStrike delivered $1.47 billion in revenue, up about 26% and above Wall Street expectations, adjusted earnings of $0.31 per share versus a $0.29 consensus, subscription revenue of $1.40 billion, a company-record $71 million in professional services, total ARR of $5.84 billion, and record net new ARR of about $333 million, up 51%, while deepening Falcon module adoption and lifting FY2027 revenue guidance to $5.99 billion–$6.01 billion and Q3 sales to $1.523 billion–$1.529 billion. Founder and CEO George Kurtz called it the best quarter in CrowdStrike’s history and tied demand to a “Mythos moment” after Anthropic’s Mythos model launch. CrowdStrike shares jumped about 20% to $227.96 and touched a 52-week high of $229.08 before retreating more than 6% the next session as investors weighed a roughly 40x forward sales multiple; Okta rose about 28.6% to $172.91, and cybersecurity peers and ETFs advanced.