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Jul 31, 2022
SentinelOne Q2 2023 Earnings Report
SentinelOne's financial performance demonstrated hyper growth and outperformance across key business aspects.
Key Takeaways
SentinelOne announced strong Q2 fiscal year 2023 results with a 124% increase in total revenue and a 122% increase in ARR year-over-year. The company also raised its full-year growth expectations.
Total revenue increased 124% year-over-year to $102.5 million.
ARR increased 122% year-over-year to $438.6 million.
Total customer count grew about 60% to over 8,600 customers.
Customers with ARR over $100K grew 117% to 755.
SentinelOne
SentinelOne
Forward Guidance
The company provided guidance for the third quarter of fiscal year 2023 and full fiscal year 2023.
Positive Outlook
- Revenue for Q3 is expected to be $111 million.
- Non-GAAP gross margin for Q3 is expected to be 71%.
- Non-GAAP operating margin for Q3 is expected to be (57)%.
- Revenue for full fiscal year 2023 is expected to be $415-417 million.
- Non-GAAP gross margin for full fiscal year 2023 is expected to be 70.5-71%.
Challenges Ahead
- Non-GAAP operating margin for full fiscal year 2023 is expected to be (58)-(55)%.