CrowdStrike reports higher operating expenses as AI investments gain pace

CrowdStrike reported a 15% jump in its first-quarter operating expenses on Wednesday, as the ‌cybersecurity company ramps up investments in AI and product development.

Shares of the company dropped 9% in extended trading.

CrowdStrike expects 2027 revenue to be between $5.91 billion and $5.96 billion, compared ⁠with its prior expectations of $5.87 billion to $5.93 billion.