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Investing.com -- SentinelOne reported second-quarter earnings that exceeded analyst expectations, with the cybersecurity company posting adjusted earnings per share of $0.04, beating the consensus estimate of $0.03.
Revenue for the quarter came in at $242.18 million, slightly above the analyst forecast of $242.16 million and up 22% compared to the same period last year.
The stock edged up 2.5% following the announcement.
SentinelOne achieved a significant milestone by surpassing $1 billion in annual recurring revenue (ARR), which grew 24% YoY.
"We surpassed $1 billion in ARR and delivered record net new ARR, continuing to deliver robust growth and platform adoption across AI, data, cloud, and endpoint," said Tomer Weingarten, CEO of SentinelOne.
Looking ahead, the company issued guidance for the third quarter, projecting revenue of $256 million, slightly above the consensus estimate of $255.4 million.
For fiscal year 2026, SentinelOne raised its revenue outlook to a range of $998-1002 million, compared to the analyst consensus of $998.6 million. The midpoint of this guidance ($1 billion) is slightly above the consensus estimate.
"We continued to deliver top-tier growth and margin expansion, underscoring the scalability of our model and operating leverage," said Barbara Larson, CFO of SentinelOne. "Our strategic investments and focus on operational excellence position us well to deliver durable growth and sustained profitability."
The company reaffirmed its commitment to achieving full-year operating profitability and positive free cash flow.