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Jul 31, 2021
SentinelOne Q2 2022 Earnings Report
SentinelOne's Q2 2022 financial results showcased strong revenue growth and ARR increase.
Key Takeaways
SentinelOne announced strong Q2 2022 financial results, with revenue increasing by 121% year-over-year and ARR growing by 127% year-over-year. The company's total customer count grew by more than 75% year-over-year, and customers with ARR over $100K grew by 140% year-over-year. However, GAAP loss from operations was $67.2 million, compared to $22.6 million for the same period of fiscal year 2021.
Total revenue was $45.8 million, a 121% increase compared to the same period last year.
ARR increased 127% year-over-year to $198.0 million.
Total customer count grew more than 75% year-over-year to over 5,400 customers.
Customers with ARR over $100K grew 140% year-over-year to over 345.
Forward Guidance
The company provided guidance for Q3 FY22 and full year FY22.
Positive Outlook
- Revenue for Q3 FY22 is expected to be $49-50 million.
- Revenue for full year FY22 is expected to be $188-190 million.
- Non-GAAP gross margin for Q3 FY22 is expected to be 58-59%.
- Non-GAAP gross margin for full year FY22 is expected to be 58-60%.
- Non-GAAP operating margin for full year FY22 is expected to be (104)-(99)%.
Challenges Ahead
- Non-GAAP operating margin for Q3 FY22 is expected to be (99)-(96)%.
- These statements are forward-looking and actual results may differ materially as a result of many factors.
- Guidance for non-GAAP financial measures excludes stock-based compensation expense and amortization expense of acquired intangible assets.
- A reconciliation of non-GAAP gross margin and non-GAAP operating margin is not available without unreasonable effort.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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