Markets.News
SentinelOne Inc. (NYSE: S) exceeded expectations in their second-quarter fiscal 2026 results, with revenue reaching $242.2 million, up 22% year-over-year. Non-GAAP EPS was 4 cents, beating estimates of 3 cents. Annual recurring revenue (ARR) grew by 24% to $1 billion, with large customers spending over $100,000 annually increasing by 23% to 1,513. They closed the quarter with $1.2 billion in cash and investments. Management projected third-quarter revenue of $256 million and raised full-year revenue expectations to $998 million-$1.002 billion. Wall Street analysts reiterated bullish views, with WestPark Capital analyst Casey Ryan reiterating a Buy rating and a $25 price forecast, praising SentinelOne's growth and profitability. SentinelOne's gross margins increased to 73.3%, aligning with their progress and analyst projections.