Chapter 1: What were CrowdStrike's Q4 financial results?
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. It's good to have you here on this Wednesday, March 4th. I'm Julie Morgan. CrowdStrike is up 0.7% in pre-market action after reporting its fourth quarter fiscal 2026 financial results.
For the quarter ended January 31st, the cybersecurity firm reported adjusted earnings per share of $1.12 versus the consensus estimate of $1.10. Gap EPS was $0.15 compared to the $0.04 estimate. Revenue for the fourth quarter increased 23% year-over-year and was just above consensus. Subscription revenue also increased 23% year-over-year to $1.24 billion, which was in line with the estimate.
Chapter 2: What is the significance of the U.S. Senate vote on Trump's Iran war decision?
Annual recurring revenue increased 24% year-over-year to $5.25 billion. For the first quarter of fiscal 2027, CrowdStrike expects revenue of $1.36 billion, which is more than the $1.35 billion estimate. It expects adjusted EPS of $1.06 to $1.07 compared to the $1.06 estimate. The Senate is set to vote today on President Trump's decision to launch military action against Iran.
Chapter 3: How is Anthropic approaching a $20 billion revenue run rate?
The legislation, known as a War Powers Resolution, gives lawmakers an opportunity to demand congressional approval before any further attacks are carried out. Senate Democratic Leader Chuck Schumer said at a news conference on Tuesday that wars without clear objectives do not remain small. They get bigger, bloodier, longer, and more expensive. He went on to say this is not a necessary war.
It's a war of choice.
Chapter 4: What challenges does Anthropic face regarding its AI technology?
Secretary of State Marco Rubio told reporters in a news conference at the Capitol on Tuesday that they're not going to put American troops in harm's way. So far, six U.S. service members have been killed since the war began. Trump has also not ruled out boots on the ground.
The Senate resolution, along with a similar measure expected to be voted on in the House later this week, faces long odds in the Republican-controlled Congress and would almost certainly be vetoed by Trump, even if it were to pass.
Chapter 5: What are the latest trends in firearm demand in the U.S.?
Anthropic is on track to generate nearly $20 billion in annual revenue, more than doubling its run rate from $9 billion at the end of 2025. The AI firm, now valued at about $380 billion, recently topped $19 billion in run rate revenue, which was roughly $14 billion a few weeks ago. However, its momentum faces uncertainty after the defense secretary labeled Anthropic a U.S. supply chain risk.
following a dispute over restrictions on the Pentagon's use of its AI for surveillance and autonomous weapons. We have more on Anthropic's outlook in the Wall Street Breakfast newsletter. A link to sign up is in the show notes section. Now for a look at a few other articles that are trending. Meta is reportedly creating an applied AI engineering organization.
Chapter 6: What are the key economic events to watch this week?
Firearm demand continues its five-year downtrend in the U.S., and OpenAI is reportedly eyeing a contract with NATO and defends the Pentagon deal. I have a few items to tell you about on our Catalyst Watch for the day. Apple has invited press and creators to in-person Apple Experience sessions in New York, London, and Shanghai as part of its coordinated announcements of new iPad and Mac products.
Linux will host its Investor Day event in the Dallas-Fort Worth area. The program will feature formal presentations from top management as they outline the company's operational progress, strategic priorities, and new long-term growth targets. Pentair will host its Investor Day event.
And the CFO of Netflix will participate in a Q&A session at the Morgan Stanley Technology Media and Telecom Conference. On Wall Street at this early hour, Dow, S&P and Nasdaq futures are in the green. Crude oil is up 1.1% at $75 a barrel. Bitcoin is up 4% at $71,000. Gold is up 1.9% at $51.87. The FTSE 100 is up 0.5% and the DAX is up 1.4%.
And in South Korea, the financial markets faced an historic Black Wednesday as the KOSPI fell over 12 percent in intraday trading, extending a brutal sell-off driven by increased tensions in the Middle East, which led to higher oil prices. Raw Stores is on our list of the biggest movers of the day pre-market.
ROST is up 6% after reporting strong Q4 results and issuing upbeat guidance, as solid holiday sales and stepped-up marketing helped offset tariff pressures and softer consumer sentiment. And on today's economic calendar, I have two items for you. At 7 a.m., MBA mortgage applications and at 8.15 a.m., the ADP employment report. That's it for today's Wall Street Breakfast. Thanks for listening.
To take full advantage of Seeking Alpha, join the highest quality community of real investors discussing stocks and ETFs at seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
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