Overview

• Cybersecurity software provider's fiscal Q1 revenue slightly misses estimates

• Co operating cash flow marging decreased to 14%, compared to 23% last year

• Company reported record net new ARR growth and raised non-GAAP operating income outlook for the year

Outlook

• SentinelOne sees Q2 revenue between $289 mln and $291 mln

• Company raises non-GAAP operating income outlook for fiscal year 2027 to $115-125 mln

• SentinelOne expects full-year non-GAAP diluted EPS of $0.32-$0.38

Result Drivers

• RECORD NET NEW ARR - Co said record net new annualized recurring revenue growth drove Q1 results

• EMERGING SOLUTIONS ADOPTION - Co said emerging solutions reached half of total company ARR, reflecting increased customer adoption

• OPERATING LEVERAGE - Co cited operating leverage as contributing to improved non-GAAP operating and net income margins

Company press release: ID:nBw7kC54fa

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue	Slight Miss*	$277 mln	$277.31 mln (33 Analysts)
Q1 Adjusted EPS	Beat	$0.04	$0.02 (34 Analysts)
Q1 Gross Margin		72.00%
Q1 Adjusted Gross Margin		77.00%
Q1 Annual Recurring Revenue		$1.16 bln
Q1 Cash & Investments		$812 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 23 "strong buy" or "buy", 16 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the software peer group is "buy"

• Wall Street's median 12-month price target for SentinelOne Inc is $18.00, about 0.3% above its May 27 closing price of $17.95

• The stock recently traded at 47 times the next 12-month earnings vs. a P/E of 46 three months ago

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