The analysis examines CrowdStrike's recent Q2 fiscal year 2026 financial results, highlighting a revenue of $1.17 billion (21% increase) and a subscription revenue of $1.10 billion (20% increase). The management team indicated exceeding expectations across all metrics. The GAAP subscription gross margin decreased to 77% from 78% year-over-year and reported a GAAP loss from operations of $113 million compared to income of $13.7 million last year attributed to costs from an outage in July of 2024. CrowdStrike adopts a lower tax rate of 21% because of the enactment of the "One Big Beautiful Bill". The company forecasts $1.2 billion in revenue for the upcoming quarter with full-year guidance set around $4.8 billion and approximately one billion in non-GAAP income. The DCF valuation estimated an intrinsic value of $288.03. The forward P/E ratio exceeds 100.26. The analyst maintains a Hold rating due to overvaluation.