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CrowdStrike to Cut 5% of Workforce, Reaffirms Fiscal 2026 Forecasts

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CrowdStrike (CRWD.O) announced on Wednesday it will lay off approximately 500 employees—around 5% of its workforce—as part of a restructuring effort aimed at streamlining operations and managing costs. Despite the layoffs, the cybersecurity firm reaffirmed its fiscal 2026 forecasts, signaling continued confidence in its growth trajectory.

The layoffs will result in total charges of $36 million to $53 million, with $7 million recognized in Q1 (ended April 30) and the remainder expected in Q2. The charges include severance, benefits, and other employee-related costs.

“While we will continue to prudently hire, primarily in customer-facing and product engineering roles, we are reducing roles in some areas of the business,” said CEO George Kurtz in a message to employees.

Key Financial Outlook:

  • FY2026 Revenue Forecast: $4.74B – $4.81B (unchanged)

  • Adjusted FY2026 EPS: $3.33 – $3.45 (unchanged)

  • Q1 Revenue Guidance: $1.10B – $1.11B

Workforce & Market Context:

  • CrowdStrike had 10,118 full-time employees as of January 31

  • Layoffs affect primarily non-core roles; hiring will continue in engineering and customer operations

  • Shares fell ~4% in morning trading following the announcement

CrowdStrike has been a key player in global cybersecurity, maintaining strong customer trust after effectively managing last year’s Windows outage, which disrupted internet services worldwide.

Analysts at Piper Sandler noted:
“This will likely spark debate on if this announcement is coming from a place of weakness or strength — to which we broadly believe it is the latter.”

CrowdStrike will release full Q1 results on June 3, with investors watching closely to assess the impact of the restructuring and whether demand for its cybersecurity products remains robust amid growing digital threats.

CDW Beats Q1 Estimates as Healthcare and Education Drive Hardware, Software Demand

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CDW Corp. (CDW.O) exceeded Wall Street expectations for both revenue and profit in the first quarter of 2025, fueled by strong demand from healthcare, education, and public sector clients for IT hardware, software, and related services.

The Vernon Hills, Illinois-based IT distributor reported net sales of $5.20 billion, surpassing the $4.93 billion estimate (LSEG data), as end-markets showed signs of spending resilience despite ongoing economic uncertainty.

“While economic uncertainty continues to persist, certain end-markets experienced improved customer spending during the first quarter,” the company said in a statement.

Segment Highlights:

  • Public segment revenue: $1.88 billion, up 10.3% year-over-year

  • Corporate segment revenue: $2.23 billion, up 6.3%

  • Adjusted EPS: $2.15 vs. $1.96 expected

CDW’s public segment—serving sectors like healthcare and education—was a key driver of growth, while its corporate business remained the largest contributor overall. The company also noted continued demand for desktops, notebooks, mobile devices, cloud solutions, and cybersecurity services.

CDW partners with major vendors such as Cisco, Dell Technologies, HP, and Microsoft, delivering integrated IT solutions to enterprise, government, and institutional clients across the U.S., U.K., and Canada.

The results underscore CDW’s strong market position and ability to navigate industry headwinds, as organizations continue to prioritize digital transformation, remote access tools, and IT infrastructure upgrades.

Verisk Beats Q1 Profit Estimates on Strong Demand for Insurance Analytics Amid Rising Climate Risks

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Verisk Analytics (VRSK.O) reported better-than-expected earnings for the first quarter of 2025, as increased demand for its data analytics products—particularly among property and casualty (P&C) insurers—boosted revenue. The firm has become a critical partner to insurers facing mounting claims from extreme weather events, including record-setting disasters like the California wildfires, which alone have caused economic losses of up to $250 billion.

In response to climate-driven volatility, insurers are relying more heavily on Verisk’s catastrophe modeling, predictive analytics, and AI-powered insights to assess risk and price policies more effectively.

Q1 Financial Highlights:

  • Revenue: $753 million, up 7% YoY (vs. $749.8M estimate)

  • Adjusted EPS: $1.73, up from $1.63 YoY (vs. $1.68 estimate)

  • Underwriting revenue: $532 million, up 6.8%

  • Claims revenue: Up 7.5%, driven by demand for anti-fraud tools and property estimating solutions

Verisk’s continued integration of artificial intelligence has enhanced its ability to deliver real-time, actionable insights, helping clients better manage underwriting risks and streamline claims operations.

The company’s New Jersey-based analytics business has remained resilient amid market volatility, and its stock has gained 7.5% year-to-date, outperforming the S&P 500, which has declined nearly 5% over the same period.

As insurers grapple with the financial toll of climate change and natural disasters, Verisk’s role in enabling data-driven decision-making is becoming increasingly indispensable.