CrowdStrike Holdings, Inc. Class A Common StockCRWD
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CrowdStrike Holdings, Inc. Class A Common Stock Goldman Sachs Communacopia + Technology Conference 2026

Review the key takeaways and the transcript of this earnings call.

Period 2026Duration35 minParticipants2

Transcript

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Gabriela BorgesAnalyst

Hey, good afternoon. For those of us who have been at the conference for the last couple of days, the number of thought leaders in AI on this stage who have talked about cybersecurity, we're pretty much batting 10 out of 10. Really excited to have George Kurtz, CEO and co-founder of CrowdStrike, on stage with me. George, thank you for being here.

Gabriela BorgesAnalyst

Great to be here. George, I want to start off with some of the most exciting announcements at Falcon from last week, because as far as industry conferences go, the combination of having Jensen, thought leaders from Anthropic, OpenAI, all of the enterprise customers in one place, along with, I think it was 11,000 customers- Yep was really a different level of conference than what we've seen before.

Gabriela BorgesAnalyst

I want to start with one very specific announcement that you announced, which was SafeMind.

Gabriela BorgesAnalyst

Yep. To bring the audience up to speed, SafeMind is CrowdStrike taking Nemotron and applying it to very specific proprietary CrowdStrike data to create a continuous penetration testing loop.

Gabriela BorgesAnalyst

George, maybe I'll turn it over to you. Tell us a little bit about the evolution of this idea and why it's important.

George KurtzCEO and Co-Founder

Sure. It was a fantastic event. We had over 10,000 customers. It became really an industry conference, and we were lucky enough to have Jensen and Lip-Bu Tan and Greg there, and others. It was great from that standpoint. I think when you look at SafeMind, it goes well beyond the models, right. We think about it as really an agentic system, which consists of the models and the harness. It's very important to put those together. If I was to distill it down into three areas, you have a red model, which is the offensive model, Red Tempest, and you have a blue model, Blue Solano, which is our defensive model, and then you have a harness that works in combination with that.

George KurtzCEO and Co-Founder

I would say, I don't know, maybe 6-plus months ago, I sat down with Jensen, and we were talking about security and really the conversation was, we need to do something to provide defenders with what they were lacking and give them sort of a fighting shot in the agentic world that we live in today. They're great partners, and part of what we did was we started the Cyber Superintelligence Lab led by Bartley Richardson, who came from NVIDIA, so that kind of helped. The whole idea was how do we work in tandem with NVIDIA to leverage the Nemotron models, these multiple ones, but Nemotron 3 Ultra, and basically create something that was bespoke for CrowdStrike and its rich data set and its history of collecting all this data.

George KurtzCEO and Co-Founder

The whole idea, just to summarize, and we'll get back to the questions here, is with the harness and with the red and the blue models, you have this continuous loop where the defense is always learning from the offense. One of the things, and Jensen was insistent on it, which was like, we need to have a digital twin because we talked about all the other areas in technology driving robotics that have digital twins so that we can very quickly simulate this environment. It can run in a digital twin or it can run in the real world.

Gabriela BorgesAnalyst

I want to put two potential bottlenecks in front of you on SafeMind adoption going exponential.

Gabriela BorgesAnalyst

Yeah. The first is CISOs are a pretty conservative bunch.

Gabriela BorgesAnalyst

Yep. We've been talking about automating the SOC for a really long time, it's still like pulling teeth.

Gabriela BorgesAnalyst

How do you get CISOs comfortable with something as important as pen testing being automated in a continuous loop?

George KurtzCEO and Co-Founder

Well, I think it starts with we were on the system, so we already know what the systems are. We already know the identities. We already know the exposures, the patch levels, the vulnerability management aspect of it. We built an incredible digital twin. Sometimes you call it a digital cousin. Everything's not exact, but basically it allows us to very quickly simulate what that environment looks like. I think that's the first part in getting people comfortable with these sort of technologies. Now, if you want to leverage this internally or you want to leverage it externally and you want to just consume the models directly, you're going to be able to do that for companies that are part of our Project QuiltWorks trusted access program.

George KurtzCEO and Co-Founder

But within the technology itself, there will be some guardrails around it, but the digital twin will serve as a way to really very quickly simulate what could happen, and that is very exciting and important for customers.

Gabriela BorgesAnalyst

The other pushback that we have heard just in the last week or so is, okay, well, if you look at the publicly available Nemotron benchmarks, they are not on the frontier. There is a progression that will happen over time here, but why does that not matter for CrowdStrike to have an incredibly performant frontier model solution or a cyber frontier model?

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