NYSE$S
SentinelOne Inc. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Revenue increased, ARR grew, and margin improved.
SentinelOne's Q2 fiscal year 2024 performance exceeded expectations with strong growth and substantial margin improvement. The company raised its top and bottom line expectations for fiscal year 24.
- Total revenue increased 46% year-over-year to $149.4 million.
- ARR increased 47% year-over-year to $612.2 million.
- GAAP gross margin was 70%, compared to 65% and non-GAAP gross margin was 77%, compared to 72%.
- Free cash flow margin was (10)%, a 55 percentage points higher compared to (65).
Headline financials
Revenue & EPS history
SentinelOne · Revenue · Quarterly
$149M
Forward guidance
The company is providing guidance for the third quarter of fiscal year 2024 (ending October 31, 2023), and for the fiscal year 2024 (ending January 31, 2024).
Tailwinds
- Revenue for Q3 is expected to be $156 million.
- Revenue for full fiscal year 2024 is expected to be $605 million.
- Non-GAAP gross margin for Q3 is expected to be 76%.
- Non-GAAP gross margin for full fiscal year 2024 is expected to be 76%.
- Non-GAAP operating margin for Q3 is expected to be (22)%.
Headwinds
- Non-GAAP operating margin for full fiscal year 2024 is expected to be (25)%.
- 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, employer payroll tax on employee stock transactions, amortization expense of acquired intangible assets, acquisition-related compensation costs, restructuring charges, and gain on strategic investments.
- The company has not provided the most directly comparable GAAP measures because certain items are out of their control or cannot be reasonably predicted.
- A reconciliation of non-GAAP gross margin and non-GAAP operating margin is not available without unreasonable effort.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2024
-2.9%
Avg return
Earnings day
-1.9%
Avg return
5 days after
-6.5%
Avg return
30 days after
40%
10 / 25 earnings
Positive
+18.6%
Q4 2022
Best reaction
-37.1%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | -8.3% | -9.7% | — | |
| Q4 2026 | +5.5% | +4.4% | -13.4% | |
| Q3 2026 | -14.4% | -10.2% | -13.7% | |
| Q2 2026 | +7.2% | +2.3% | +3.1% | |
| Q1 2026 | -11.5% | -7.7% | -9.3% | |
| Q4 2025 | -5.5% | +0.4% | -8.9% | |
| Q3 2025 | -9.7% | -10.5% | -17.2% | |
| Q2 2025 | -1.8% | -5.3% | -3.7% | |
| Q1 2025 | -18.8% | -16.9% | +1.6% | |
| Q4 2024 | -16.7% | -17.1% | -22.3% | |
| Q3 2024 | +15.2% | +18.6% | +16.1% | |
| Q2 2024 | +5.7% | +9.9% | +3.6% | |
| Q1 2024 | -37.1% | -36.0% | -29.4% | |
| Q4 2023 | +11.3% | +8.0% | +25.6% | |
| Q3 2023 | -2.0% | +7.9% | -6.9% | |
| Q2 2023 | -7.8% | -9.3% | -8.3% | |
| Q1 2023 | +5.8% | -3.0% | -1.3% | |
| Q1 2022 | +5.8% | -3.0% | -1.3% | |
| Q4 2020 | -4.0% | -4.0% | -26.3% | |
| Q4 2022 | +18.6% | +37.3% | +25.6% | |
| Q3 2021 | +3.5% | -4.4% | -8.8% | |
| Q3 2022 | +8.0% | +11.8% | -3.7% | |
| Q4 2021 | -7.6% | +2.2% | -17.2% | |
| Q2 2021 | -7.6% | +2.2% | -17.2% | |
| Q2 2022 | -7.0% | -14.1% | -23.0% | |
| Q1 2021 | — | — | — | |
| Q3 2019 | — | — | — | |
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| Q4 2018 | — | — | — | |
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| Q4 2017 | — | — | — | |
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| Q4 2016 | — | — | — | |
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| Q4 2015 | — | — | — | |
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| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — | |
| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — |
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