The EPS beat and accelerating SaaS ARR/RPO growth are strong signals, but the slight revenue miss and widening GAAP operating loss warrant monitoring. With FY27 guidance maintained and FY29 targets reiterated, the stock likely trades on the SaaS momentum and AI-driven ARR narrative. Watch for Q3 guidance details on the conference call and any updates on Entro Security integration.
Price Chart
Executive Summary
SailPoint reported fiscal Q2 2027 results with total revenue of $309M (+17% YoY), slightly below the $310.3M consensus, but adjusted EPS of $0.09 beat the $0.08 estimate by 13.8%. The headline beat was driven by strong SaaS ARR growth of 36% YoY to $847M and accelerating RPO growth of 30% to $1.9B, though GAAP operating loss widened to $(59)M from $(41)M a year ago. Full-year FY27 guidance was maintained, and the company reiterated its FY29 targets including at least $2.1B of ARR, reinforcing confidence in the long-term trajectory despite a modest revenue miss.
Key Financial Metrics
Key Facts
- Total revenue $309M (+17% YoY) vs consensus $310.3M — slight miss
- Adjusted EPS $0.09 beat consensus $0.08 by 13.8%
- Total ARR $1.231B (+25% YoY); SaaS ARR $847M (+36% YoY)
- RPO grew 30% YoY to $1.9B; cRPO grew 27% to $931M
- AI-driven ARR exceeded $70M, accounting for >30% of net new ARR
- GAAP operating loss widened to $(59)M (19% of revenue) from $(41)M (15%)
- Adjusted income from operations $63M (20% margin), flat YoY margin
- Operating cash flow $45M; free cash flow $37M
- Full-year FY27 guidance maintained: revenue $1.265B-$1.275B, adjusted EPS $0.30-$0.34
- FY29 targets reiterated: at least $2.1B ARR, $800M AI-driven ARR, 22% adjusted op margin, $400M FCF
Financial Impact
Revenue $309M vs consensus $310.3M (slight miss); adjusted EPS $0.09 vs $0.08 (13.8% beat); SaaS ARR growth 36% YoY; RPO $1.9B (+30% YoY)
Risk Factors
- Revenue slightly below consensus despite strong ARR growth
- GAAP operating loss widened YoY from $(41)M to $(59)M
- Maintenance & support revenue declined 8% YoY
- Free cash flow declined to $37M from $46M in prior year quarter
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-061015 |
| Document: sail-20260909.htm | 0001628280-26-061015 |
| Document: 0001628280-26-061015-index-headers.html | 0001628280-26-061015 |
| Document: 0001628280-26-061015-index.html | 0001628280-26-061015 |
| Document: 0001628280-26-061015.txt | 0001628280-26-061015 |
| 8-K Data (Synthetic) | 0001628280-26-061015 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 144 | $21.61 | awaiting T+20 | — | $22.39 (+3.61%) |
Oct 8, 2026 19d ago | 144 | $20.77 | awaiting T+20 | — | $22.39 (+7.80%) |
Oct 7, 2026 20d ago | 144 | $20.02 | awaiting T+20 | — | $22.39 (+11.84%) |
Oct 7, 2026 20d ago | 144 | $20.02 | awaiting T+20 | — | $22.39 (+11.84%) |
Oct 7, 2026 20d ago | 144 | $20.02 | awaiting T+20 | — | $22.39 (+11.84%) |
Oct 7, 2026 20d ago | 144 | $20.02 | awaiting T+20 | — | $22.39 (+11.84%) |
Oct 7, 2026 20d ago | 144 | $20.02 | awaiting T+20 | — | $22.39 (+11.84%) |
Oct 7, 2026 20d ago | 144 | $20.02 | awaiting T+20 | — | $22.39 (+11.84%) |
Oct 6, 2026 21d ago | 144 | $19.58 | awaiting T+20 | — | $22.39 (+14.35%) |
Oct 6, 2026 21d ago | 144 | $19.58 | awaiting T+20 | — | $22.39 (+14.35%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers