BofA: CrowdStrike Raises FY28 nnARR Guidance, AI Security Drives Growth

According to a BofA Securities report dated September 4, 2026, CrowdStrike raised its FY28 nnARR growth guidance to over 20% at the Fal.Con conference, representing at least $1.626 billion, exceeding market consensus. The company also accelerated its FY30 ARR target to $10 billion and launched AI security products like Falcon Guardian and SafeMind. BofA analysts believe the AI security market will surpass the endpoint security market. Falcon Flex contract value grew 101% year-over-year to $2.3 billion, with Flex customers seeing a 40% increase in average AR