SentinelOne, Inc. (NYSE:S) reported its Q2 results, with EPS of ($0.16) coming in better than the Street estimate of ($0.22). Revenue was $115.3 million, beating the Street estimate of $110.98 million.
Importantly the company continues to lean into its path to profitability showing faster improvement on margins with non-GAAP operating margin improving 14 pts quarter-over-quarter, though still negative.
Q4 net new ARR was guided to 'at least' 20% quarter-over-quarter and next year is prudently set, embedding a worsening backdrop at more than 50% year-over-year vs. Street estimate of 58%.
SentinelOne, Inc. Q4/23 revenue is expected to be $125 million, in line with the Street estimate. For the full year, the company expects revenue to be in the range of $420-421 million, better than the Street estimate of $416.3 million.