NYSE$S
SentinelOne Inc. · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
SentinelOne's revenue and ARR grew triple digits, driven by strong adoption of the Singularity XDR platform.
SentinelOne announced strong financial results for the third quarter of fiscal year 2023, with revenue increasing by 106% year-over-year and ARR also up by 106% year-over-year. The company's customer base grew, and it maintained a strong gross margin. SentinelOne is focused on enhancing productivity and continuing to take market share in a dynamic environment.
- Total revenue increased 106% to $115.3 million, compared to $56.0 million.
- Annualized recurring revenue (ARR) increased 106% to $487.4 million as of October 31, 2022.
- Total customer count grew about 55% to over 9,250 customers as of October 31, 2022.
- Customers with ARR over $100,000 grew nearly 100% to 827 as of October 31, 2022.
Headline financials
Revenue & EPS history
SentinelOne · Revenue · Quarterly
$115M
Forward guidance
The company provided guidance for the fourth quarter of fiscal year 2023 and full fiscal year 2023.
Tailwinds
- Revenue Q4 is expected to be $125 million.
- Full year revenue is expected to be between $420-421 million.
- Non-GAAP gross margin Q4 is expected to be 72%.
- Full year non-GAAP gross margin is expected to be 71.0-71.5%.
- Full year Non-GAAP operating margin (51)-(50)%.
Headwinds
- Q4 Non-GAAP operating margin is expected to be (39)%.
- 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, and acquisition-related compensation costs.
- We have not provided the most directly comparable GAAP measures because certain items are out of our control or cannot be reasonably predicted.
- Accordingly, 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 Q3 2023
-2.7%
Avg return
Earnings day
-1.5%
Avg return
5 days after
-6.5%
Avg return
30 days after
42%
10 / 24 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 | — | — | — | |
| 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 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — | |
| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — |
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